Analysts Anticipate PlayAGS Inc (AGS) Will Announce Earnings of $0.05 Per Share

Wall Street analysts expect that PlayAGS Inc (NYSE:AGS) will post $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for PlayAGS’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at ($0.04). PlayAGS reported earnings of ($0.19) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 126.3%. The business is expected to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that PlayAGS will report full-year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.29 to $0.93. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $0.56 to $1.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover PlayAGS.

PlayAGS (NYSE:AGS) last issued its earnings results on Tuesday, March 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $72.10 million for the quarter, compared to analyst estimates of $69.89 million. PlayAGS had a negative net margin of 7.31% and a negative return on equity of 3.45%.

A number of equities research analysts recently weighed in on AGS shares. Jefferies Financial Group reissued a “buy” rating and set a $35.00 price target on shares of PlayAGS in a research note on Wednesday, February 13th. Zacks Investment Research downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Deutsche Bank reaffirmed a “buy” rating and issued a $32.00 target price on shares of PlayAGS in a research note on Wednesday, March 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 target price on shares of PlayAGS in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.75.

In other news, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $25.50, for a total transaction of $102,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its position in PlayAGS by 20.6% during the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock worth $103,000 after acquiring an additional 764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PlayAGS by 138.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,903 shares of the company’s stock valued at $44,000 after purchasing an additional 1,105 shares during the period. Hilltop Holdings Inc. boosted its stake in shares of PlayAGS by 7.5% during the fourth quarter. Hilltop Holdings Inc. now owns 23,000 shares of the company’s stock valued at $529,000 after purchasing an additional 1,600 shares during the period. Alambic Investment Management L.P. lifted its stake in PlayAGS by 22.2% in the fourth quarter. Alambic Investment Management L.P. now owns 12,386 shares of the company’s stock worth $285,000 after acquiring an additional 2,248 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new stake in PlayAGS in the fourth quarter worth $54,000.

AGS stock opened at $23.71 on Friday. The company has a debt-to-equity ratio of 3.84, a current ratio of 3.18 and a quick ratio of 2.60. PlayAGS has a 1 year low of $18.67 and a 1 year high of $32.80. The firm has a market capitalization of $833.04 million, a P/E ratio of -158.07, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

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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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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