$74.44 Million in Sales Expected for PlayAGS Inc (AGS) This Quarter
Wall Street analysts expect PlayAGS Inc (NYSE:AGS) to report $74.44 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for PlayAGS’s earnings, with the highest sales estimate coming in at $78.10 million and the lowest estimate coming in at $70.44 million. PlayAGS reported sales of $64.86 million in the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The business is scheduled to report its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that PlayAGS will report full-year sales of $338.43 million for the current fiscal year, with estimates ranging from $330.46 million to $345.90 million. For the next fiscal year, analysts forecast that the business will post sales of $371.15 million, with estimates ranging from $355.24 million to $383.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for PlayAGS.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut PlayAGS from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank reaffirmed a “buy” rating and set a $32.00 price target on shares of PlayAGS in a report on Wednesday, March 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price target on shares of PlayAGS in a report on Wednesday, February 13th. Finally, ValuEngine raised PlayAGS from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Nine analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $32.75.
Shares of AGS traded up $0.33 during mid-day trading on Friday, reaching $26.62. 227,258 shares of the company’s stock traded hands, compared to its average volume of 383,612. The company has a quick ratio of 2.60, a current ratio of 3.18 and a debt-to-equity ratio of 3.84. PlayAGS has a 12 month low of $18.67 and a 12 month high of $32.80.
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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