Brokerages forecast that Playags Inc (NYSE:AGS) will post ($0.11) earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Playags’ earnings. The company is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Playags will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.49) to ($0.38). For the next year, analysts forecast that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.58 to $0.81. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Playags.

Playags (NYSE:AGS) last issued its earnings results on Thursday, August 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). The company had revenue of $72.82 million during the quarter, compared to analyst estimates of $64.67 million. Playags had a negative return on equity of 40.01% and a negative net margin of 10.91%. The business’s revenue was up 45.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.87) earnings per share.

A number of equities analysts recently issued reports on AGS shares. Zacks Investment Research cut Playags from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Deutsche Bank lifted their target price on Playags to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Jefferies Financial Group upgraded Playags from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, August 10th. SunTrust Banks restated a “buy” rating and issued a $35.00 target price on shares of Playags in a report on Sunday, August 12th. Finally, Credit Suisse Group started coverage on Playags in a report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $30.75.

In other news, major shareholder Ap Gaming Voteco, Llc sold 6,325,000 shares of Playags stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $28.01, for a total transaction of $177,163,250.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund purchased a new position in shares of Playags during the first quarter valued at $140,000. Barclays PLC purchased a new position in shares of Playags during the first quarter valued at $140,000. The Manufacturers Life Insurance Company purchased a new position in shares of Playags during the first quarter valued at $188,000. Citadel Advisors LLC purchased a new position in shares of Playags during the first quarter valued at $201,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Playags during the first quarter valued at $219,000.

Shares of NYSE AGS opened at $29.99 on Friday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 2.01 and a current ratio of 2.74. The firm has a market capitalization of $1.00 billion and a P/E ratio of -15.46. Playags has a 52-week low of $16.66 and a 52-week high of $32.80.

Playags Company Profile

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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Earnings History and Estimates for Playags (NYSE:AGS)

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