Equities analysts expect that PlayAGS Inc (NYSE:AGS) will report $83.53 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for PlayAGS’s earnings, with estimates ranging from $81.20 million to $86.68 million. PlayAGS posted sales of $72.82 million during the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that PlayAGS will report full-year sales of $333.01 million for the current fiscal year, with estimates ranging from $330.58 million to $336.59 million. For the next financial year, analysts expect that the firm will report sales of $367.40 million, with estimates ranging from $354.15 million to $376.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow PlayAGS.

A number of analysts recently issued reports on AGS shares. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Deutsche Bank reiterated a “buy” rating and set a $31.00 target price on shares of PlayAGS in a research report on Sunday, May 12th. Roth Capital increased their target price on shares of Dmc Global from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.00.

NYSE AGS traded up $0.05 during trading hours on Thursday, reaching $18.94. 137,353 shares of the company were exchanged, compared to its average volume of 309,951. PlayAGS has a 1 year low of $17.49 and a 1 year high of $32.80. The firm has a 50 day simple moving average of $19.53. The company has a quick ratio of 1.36, a current ratio of 1.91 and a debt-to-equity ratio of 3.84. The company has a market cap of $670.68 million, a PE ratio of -126.27, a P/E/G ratio of 2.64 and a beta of 0.87.

In related news, CEO David Lopez sold 6,144 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $20.98, for a total value of $128,901.12. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in PlayAGS by 20.6% in the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock valued at $103,000 after purchasing an additional 764 shares in the last quarter. Optimum Investment Advisors purchased a new stake in PlayAGS in the first quarter valued at approximately $36,000. Comerica Bank raised its stake in PlayAGS by 8.0% in the first quarter. Comerica Bank now owns 31,010 shares of the company’s stock valued at $765,000 after purchasing an additional 2,300 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in PlayAGS in the fourth quarter valued at approximately $54,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in PlayAGS in the first quarter valued at approximately $109,000. 98.09% of the stock is currently owned by institutional investors and hedge funds.

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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