Analysts predict that PlayAGS Inc (NYSE:AGS) will report earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PlayAGS’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.24. PlayAGS posted earnings per share of ($0.02) in the same quarter last year, which suggests a positive year-over-year growth rate of 900%. The business is expected to issue its next earnings results on Thursday, August 1st.

On average, analysts expect that PlayAGS will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.31 to $0.83. For the next financial year, analysts forecast that the business will report earnings of $1.15 per share, with EPS estimates ranging from $0.60 to $1.54. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover PlayAGS.

PlayAGS (NYSE:AGS) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). PlayAGS had a negative net margin of 3.88% and a positive return on equity of 0.66%. The company had revenue of $72.10 million for the quarter, compared to analyst estimates of $69.89 million.

AGS has been the subject of a number of research analyst reports. Zacks Investment Research lowered PlayAGS from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Deutsche Bank restated a “buy” rating and issued a $32.00 target price on shares of PlayAGS in a report on Wednesday, March 6th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 target price on shares of PlayAGS in a report on Wednesday, February 13th. Roth Capital initiated coverage on PlayAGS in a report on Monday, April 8th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and issued a $35.00 target price on shares of PlayAGS in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. PlayAGS currently has a consensus rating of “Buy” and a consensus price target of $33.50.

In other news, CEO David Lopez sold 6,144 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $20.98, for a total value of $128,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ap Gaming Voteco, Llc sold 4,000,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $25.50, for a total value of $102,000,000.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised 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 in the last quarter. Northern Trust Corp raised its holdings in shares of PlayAGS by 0.3% during the first quarter. Northern Trust Corp now owns 268,419 shares of the company’s stock worth $6,424,000 after acquiring an additional 794 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 in the last quarter. SEI Investments Co raised its holdings in shares of PlayAGS by 6.1% during the first quarter. SEI Investments Co now owns 20,828 shares of the company’s stock worth $499,000 after acquiring an additional 1,192 shares in the last quarter. Finally, Optimum Investment Advisors purchased a new stake in shares of PlayAGS during the first quarter worth $36,000.

Shares of AGS traded down $0.07 during mid-day trading on Wednesday, reaching $20.50. The company’s stock had a trading volume of 209,194 shares, compared to its average volume of 391,014. The firm has a market capitalization of $718.84 million, a P/E ratio of -136.67, a PEG ratio of 2.67 and a beta of 0.60. PlayAGS has a 1 year low of $18.67 and a 1 year high of $32.80. The company has a quick ratio of 1.36, a current ratio of 1.91 and a debt-to-equity ratio of 3.84.

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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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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