PlayAGS Inc (NYSE:AGS) Expected to Announce Earnings of -$0.43 Per Share


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Brokerages expect that PlayAGS Inc (NYSE:AGS) will announce earnings per share (EPS) of ($0.43) for the current quarter, according to Zacks. Four analysts have made estimates for PlayAGS’s earnings, with the lowest EPS estimate coming in at ($0.54) and the highest estimate coming in at ($0.34). PlayAGS posted earnings of ($0.41) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4.9%. The firm is scheduled to issue its next earnings report on Thursday, May 6th.

According to Zacks, analysts expect that PlayAGS will report full year earnings of ($1.33) per share for the current financial year, with EPS estimates ranging from ($1.93) to ($0.81). For the next year, analysts expect that the company will report earnings of ($0.60) per share, with EPS estimates ranging from ($1.38) to ($0.08). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover PlayAGS.

PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, March 4th. The company reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.09). The company had revenue of $46.62 million during the quarter, compared to analysts’ expectations of $48.48 million. PlayAGS had a negative return on equity of 67.28% and a negative net margin of 33.66%.

A number of equities analysts have commented on the stock. Roth Capital boosted their price objective on shares of PlayAGS from $8.50 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 16th. Macquarie boosted their price target on PlayAGS from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, March 5th. Jefferies Financial Group lowered PlayAGS from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Tuesday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $4.00 target price on shares of PlayAGS in a research report on Wednesday, January 27th. Finally, Credit Suisse Group raised shares of PlayAGS from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $3.72 to $13.00 in a research report on Thursday, March 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. PlayAGS presently has a consensus rating of “Buy” and a consensus price target of $8.66.

Shares of NYSE AGS remained flat at $$8.10 during trading on Thursday. 7,688 shares of the stock were exchanged, compared to its average volume of 373,755. The business’s fifty day moving average price is $8.17 and its 200-day moving average price is $5.78. The company has a market cap of $295.14 million, a P/E ratio of -4.23 and a beta of 3.48. PlayAGS has a twelve month low of $1.66 and a twelve month high of $10.39. The company has a quick ratio of 4.06, a current ratio of 4.83 and a debt-to-equity ratio of 9.91.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in PlayAGS by 1.8% during the third quarter. State Street Corp now owns 534,225 shares of the company’s stock worth $1,891,000 after purchasing an additional 9,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in PlayAGS by 9.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 488,875 shares of the company’s stock worth $1,731,000 after acquiring an additional 40,300 shares during the last quarter. JPMorgan Chase & Co. grew its stake in PlayAGS by 133.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,753 shares of the company’s stock worth $97,000 after buying an additional 15,305 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PlayAGS by 145.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 391,448 shares of the company’s stock worth $1,386,000 after acquiring an additional 231,845 shares during the period. Finally, Morgan Stanley increased its stake in shares of PlayAGS by 96.8% in the third quarter. Morgan Stanley now owns 172,780 shares of the company’s stock valued at $612,000 after purchasing an additional 84,990 shares during the period. Institutional investors and hedge funds own 79.36% of the company’s stock.

About PlayAGS

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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