Playags Inc (NYSE:AGS) – Research analysts at Jefferies Group decreased their Q1 2018 EPS estimates for Playags in a research note issued on Thursday. Jefferies Group analyst D. Katz now anticipates that the company will post earnings per share of ($0.13) for the quarter, down from their previous estimate of ($0.11). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Playags’ Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at $0.01 EPS, FY2018 earnings at ($0.22) EPS, Q1 2019 earnings at ($0.01) EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.19 EPS.
A number of other brokerages have also issued reports on AGS. Bank of America upped their target price on shares of Playags from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank upped their target price on shares of Playags from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their target price on shares of Playags from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, SunTrust Banks began coverage on shares of Playags in a research report on Tuesday, February 20th. They set a “buy” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.25.
Playags stock opened at $21.89 on Monday. Playags has a 12-month low of $16.66 and a 12-month high of $22.50. The company has a debt-to-equity ratio of -23.06, a quick ratio of 1.29 and a current ratio of 1.89.
Playags (NYSE:AGS) last released its quarterly earnings results on Wednesday, March 14th. The company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.05). The business had revenue of $57.66 million for the quarter, compared to analysts’ expectations of $55.50 million. During the same quarter in the previous year, the business posted ($0.87) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Q1 2018 EPS Estimates for Playags Inc (AGS) Decreased by Analyst” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://ledgergazette.com/2018/03/19/q1-2018-eps-estimates-for-playags-inc-ags-decreased-by-analyst.html.
Playags Company Profile
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.
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