PlayAGS (AGS) Announces Earnings Results
PlayAGS (NYSE:AGS) issued its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09, Briefing.com reports. PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $69.06 million. The business’s revenue was up 34.7% compared to the same quarter last year.
PlayAGS stock opened at $21.01 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.01 and a debt-to-equity ratio of 3.55. The firm has a market capitalization of $809.98 million and a PE ratio of -10.83. PlayAGS has a fifty-two week low of $16.66 and a fifty-two week high of $32.80.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in PlayAGS during the third quarter valued at $4,830,000. Trexquant Investment LP purchased a new position in PlayAGS during the third quarter valued at $361,000. FMR LLC lifted its stake in shares of PlayAGS by 176.7% in the third quarter. FMR LLC now owns 1,149,110 shares of the company’s stock worth $33,864,000 after buying an additional 733,756 shares in the last quarter. American International Group Inc. lifted its stake in shares of PlayAGS by 39.6% in the third quarter. American International Group Inc. now owns 14,574 shares of the company’s stock worth $429,000 after buying an additional 4,137 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of PlayAGS by 35.6% in the third quarter. BlackRock Inc. now owns 1,508,003 shares of the company’s stock worth $44,441,000 after buying an additional 396,153 shares in the last quarter.
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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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