Brokerages expect PlayAGS Inc (NYSE:AGS) to report earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for PlayAGS’s earnings. The lowest EPS estimate is ($0.11) and the highest is $0.02. PlayAGS reported earnings of ($0.37) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 89.2%. The firm is expected to announce its next earnings results after the market closes on Tuesday, March 5th.
On average, analysts expect that PlayAGS will report full year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.26). For the next fiscal year, analysts forecast that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.27 to $0.85. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow PlayAGS.
A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $35.00 price objective on shares of PlayAGS in a report on Wednesday, February 13th. ValuEngine cut PlayAGS from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. SunTrust Banks restated a “buy” rating and set a $33.00 price objective on shares of PlayAGS in a report on Monday, November 12th. Finally, Zacks Investment Research upgraded PlayAGS from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, January 11th. Nine research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $32.88.
NYSE AGS traded down $0.22 during trading on Wednesday, reaching $24.27. 233,700 shares of the company’s stock were exchanged, compared to its average volume of 292,306. PlayAGS has a fifty-two week low of $18.60 and a fifty-two week high of $32.80. The company has a market cap of $858.28 million and a PE ratio of -12.52. The company has a quick ratio of 2.16, a current ratio of 2.94 and a debt-to-equity ratio of 3.37.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of 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 holdings 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 worth $44,000 after acquiring an additional 1,105 shares during the period. Hilltop Holdings Inc. boosted its holdings in shares of PlayAGS by 7.5% during the fourth quarter. Hilltop Holdings Inc. now owns 23,000 shares of the company’s stock worth $529,000 after acquiring an additional 1,600 shares during the period. Alambic Investment Management L.P. boosted its holdings in shares of PlayAGS by 22.2% during 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 bought a new stake in shares of PlayAGS in the fourth quarter valued at approximately $54,000. Institutional investors own 98.44% of the company’s stock.
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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