Q2 2021 EPS Estimates for PlayAGS Inc (NYSE:AGS) Boosted by B. Riley

PlayAGS Inc (NYSE:AGS) – Investment analysts at B. Riley raised their Q2 2021 earnings per share estimates for shares of PlayAGS in a report issued on Monday, July 19th. B. Riley analyst D. Bain now forecasts that the company will post earnings per share of ($0.03) for the quarter, up from their previous estimate of ($0.06). B. Riley has a “Buy” rating and a $21.00 price objective on the stock. B. Riley also issued estimates for PlayAGS’s FY2021 earnings at ($0.37) EPS.

AGS has been the topic of several other research reports. Zacks Investment Research lowered shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Wednesday, July 7th. Credit Suisse Group upped their target price on PlayAGS from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, May 11th. Truist raised PlayAGS from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Friday, May 7th. Truist Securities upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on PlayAGS from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, May 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $11.80.

PlayAGS stock opened at $7.87 on Wednesday. The stock’s 50-day moving average is $9.56. PlayAGS has a 52 week low of $2.50 and a 52 week high of $11.32. The stock has a market cap of $288.28 million, a PE ratio of -3.56 and a beta of 3.53. The company has a current ratio of 3.85, a quick ratio of 3.22 and a debt-to-equity ratio of 13.06.

PlayAGS (NYSE:AGS) last issued its quarterly earnings results on Thursday, May 6th. The company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.21. PlayAGS had a negative return on equity of 129.55% and a negative net margin of 46.85%. The firm had revenue of $55.36 million during the quarter, compared to the consensus estimate of $49.97 million.

Several hedge funds have recently made changes to their positions in the business. Truist Financial Corp raised its position in PlayAGS by 4.3% in the fourth quarter. Truist Financial Corp now owns 52,156 shares of the company’s stock worth $376,000 after purchasing an additional 2,156 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of PlayAGS by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 11,557 shares of the company’s stock worth $93,000 after acquiring an additional 2,515 shares in the last quarter. Jane Street Group LLC boosted its stake in PlayAGS by 24.2% in the 4th quarter. Jane Street Group LLC now owns 15,332 shares of the company’s stock worth $110,000 after purchasing an additional 2,985 shares during the period. Citigroup Inc. grew its stake in shares of PlayAGS by 294.5% during the 4th quarter. Citigroup Inc. now owns 5,046 shares of the company’s stock worth $36,000 after acquiring an additional 3,767 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of PlayAGS by 14.1% in the fourth quarter. M&T Bank Corp now owns 55,347 shares of the company’s stock valued at $398,000 after acquiring an additional 6,841 shares during the last quarter. Institutional investors own 82.43% of the company’s stock.

About PlayAGS

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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