Analysts Anticipate PlayAGS (AGS) to Post ($0.01) Earnings Per Share

Shares of PlayAGS (NYSE:AGS) have been given an average broker rating score of 1.40 (Strong Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and four have given a strong buy recommendation to the company.

Analysts have set a 12 month consensus target price of $25.80 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given PlayAGS an industry rank of 57 out of 265 based on the ratings given to related companies.

AGS has been the subject of several recent research reports. Bank of America increased their price target on PlayAGS from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 4th. SunTrust Banks initiated coverage on PlayAGS in a report on Tuesday, February 20th. They issued a “buy” rating and a $23.00 price target for the company. Deutsche Bank initiated coverage on PlayAGS in a report on Tuesday, February 20th. They issued a “buy” rating and a $23.00 price target for the company. Stifel Nicolaus initiated coverage on PlayAGS in a report on Tuesday, February 20th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Jefferies Group initiated coverage on PlayAGS in a report on Tuesday, February 20th. They issued a “hold” rating for the company.

Shares of PlayAGS opened at $22.60 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.08 and a current ratio of 2.91. PlayAGS has a twelve month low of $22.23 and a twelve month high of $23.25.

PlayAGS (NYSE:AGS) last issued its earnings results 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 analyst estimates of $55.50 million. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.87) earnings per share. sell-side analysts anticipate that PlayAGS will post -0.26 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund acquired a new stake in shares of PlayAGS during the first quarter valued at about $140,000. Brinker Capital Inc. acquired a new stake in shares of PlayAGS during the first quarter valued at about $223,000. Spark Investment Management LLC acquired a new stake in shares of PlayAGS during the first quarter valued at about $351,000. Engineers Gate Manager LP acquired a new stake in shares of PlayAGS during the first quarter valued at about $400,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of PlayAGS during the first quarter valued at about $664,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

About PlayAGS

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

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Analyst Recommendations for PlayAGS (NYSE:AGS)

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