Equities research analysts expect PlayAGS Inc (NYSE:AGS) to post earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PlayAGS’s earnings, with estimates ranging from $0.00 to $0.05. The firm is scheduled to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that PlayAGS will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.49) to ($0.38). For the next year, analysts expect that the business will report earnings of $0.67 per share, with EPS estimates ranging from $0.61 to $0.81. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow PlayAGS.
PlayAGS (NYSE:AGS) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The business had revenue of $72.82 million during the quarter, compared to analyst estimates of $64.67 million. PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business’s quarterly revenue was up 45.4% compared to the same quarter last year. During the same period last year, the business earned ($0.87) earnings per share.
Several research firms recently weighed in on AGS. Telsey Advisory Group began coverage on PlayAGS in a research note on Thursday, August 23rd. They issued an “outperform” rating and a $37.00 price objective on the stock. Stifel Nicolaus raised their price objective on PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 17th. ValuEngine lowered PlayAGS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Credit Suisse Group started coverage on PlayAGS in a research note on Tuesday, August 14th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, SunTrust Banks reissued a “buy” rating and set a $35.00 price target on shares of PlayAGS in a research note on Sunday, August 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.88.
Several hedge funds have recently made changes to their positions in AGS. New York State Common Retirement Fund acquired a new stake in shares of PlayAGS during the first quarter valued at about $140,000. Barclays PLC acquired a new stake in shares of PlayAGS during the first quarter valued at about $140,000. The Manufacturers Life Insurance Company acquired a new stake in shares of PlayAGS during the first quarter valued at about $188,000. Citadel Advisors LLC acquired a new stake in shares of PlayAGS during the first quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of PlayAGS during the first quarter valued at about $219,000.
NYSE:AGS opened at $26.91 on Friday. The stock has a market capitalization of $945.74 million and a P/E ratio of -13.87. The company has a current ratio of 2.74, a quick ratio of 2.01 and a debt-to-equity ratio of 3.55. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80.
PlayAGS Company Profile
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.
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