Jefferies Group Begins Coverage on Playags (NYSE:AGS)

Jefferies Group began coverage on shares of Playags (NYSE:AGS) in a research report released on Tuesday, February 20th, Marketbeat Ratings reports. The firm issued a hold rating on the stock. Jefferies Group also issued estimates for Playags’ Q4 2017 earnings at ($0.24) EPS, FY2017 earnings at ($2.69) EPS, Q1 2018 earnings at ($0.11) EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.19) EPS and FY2019 earnings at $0.57 EPS.

Separately, Deutsche Bank started coverage on shares of Playags in a report on Tuesday, February 20th. They issued a buy rating and a $23.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Playags presently has a consensus rating of Buy and a consensus price target of $23.38.

Playags (NYSE AGS) traded up $0.62 during mid-day trading on Tuesday, hitting $21.51. The company had a trading volume of 471,544 shares, compared to its average volume of 170,037. The company has a debt-to-equity ratio of -29.46, a current ratio of 1.76 and a quick ratio of 1.29. The company has a market capitalization of $723.36 and a P/E ratio of -12.73. Playags has a 12-month low of $16.66 and a 12-month high of $21.99.

Playags (NYSE:AGS) last released its quarterly earnings data on Wednesday, March 14th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.05). The company had revenue of $57.66 million during the quarter, compared to analysts’ expectations of $55.50 million. Playags’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.87) EPS. analysts predict that Playags will post -2.78 EPS for the current year.

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About Playags

PlayAGS, Inc is a designer and supplier of EGMs and other products and services for the gaming industry. The Company is focused on supplying electronic gaming machines (EGMs), including slot machines, video bingo machines, and other electronic gaming devices, to the Native American gaming market. Its product line-up to include Class III EGMs for commercial and Native American casinos permitted to operate Class III EGMs, table game products and interactive products.

Analyst Recommendations for Playags (NYSE:AGS)

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