Brokerages forecast that PlayAGS (NYSE:AGS) will post earnings of ($0.21) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PlayAGS’s earnings, with estimates ranging from ($0.33) to ($0.13). The business is expected to report its next quarterly earnings report on Wednesday, June 13th.

According to Zacks, analysts expect that PlayAGS will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.22). For the next fiscal year, analysts forecast that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.19 to $0.70. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow PlayAGS.

How to Become a New Pot Stock Millionaire

PlayAGS (NYSE:AGS) last posted its earnings results on Wednesday, March 14th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.05). The business had revenue of $57.66 million during the quarter, compared to analysts’ expectations of $55.50 million. During the same quarter last year, the business earned ($0.87) EPS. The business’s revenue for the quarter was up 34.9% on a year-over-year basis.

A number of research firms have weighed in on AGS. Bank of America upped their target price on PlayAGS from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Deutsche Bank upped their target price on PlayAGS from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Stifel Nicolaus upped their target price on PlayAGS from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. SunTrust Banks initiated coverage on PlayAGS in a research note on Tuesday, February 20th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Jefferies Group initiated coverage on PlayAGS in a research note on Tuesday, February 20th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.25.

Shares of AGS stock traded up $0.24 during midday trading on Thursday, reaching $21.56. 42,310 shares of the stock were exchanged, compared to its average volume of 196,157. PlayAGS has a 1 year low of $16.66 and a 1 year high of $23.69. The company has a debt-to-equity ratio of -23.06, a quick ratio of 1.33 and a current ratio of 1.89. The company has a market capitalization of $733.92 and a price-to-earnings ratio of -11.05.

ILLEGAL ACTIVITY NOTICE: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2018/04/17/zacks-brokerages-expect-playags-ags-to-post-0-21-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on PlayAGS (AGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PlayAGS (NYSE:AGS)

Receive News & Ratings for PlayAGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PlayAGS and related companies with MarketBeat.com's FREE daily email newsletter.