Wall Street brokerages forecast that PlayAGS Inc (NYSE:AGS) will post $69.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PlayAGS’s earnings, with estimates ranging from $69.14 million to $71.00 million. PlayAGS reported sales of $57.66 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.2%. The company is expected to issue its next earnings report on Wednesday, March 13th.

On average, analysts expect that PlayAGS will report full-year sales of $283.09 million for the current financial year, with estimates ranging from $282.34 million to $284.20 million. For the next year, analysts expect that the firm will report sales of $311.99 million, with estimates ranging from $306.26 million to $320.20 million. Zacks’ sales averages are an average based on a survey of research firms that follow PlayAGS.

PlayAGS (NYSE:AGS) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $69.06 million. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. PlayAGS’s revenue for the quarter was up 34.7% on a year-over-year basis.

AGS has been the topic of several recent research reports. Jefferies Financial Group raised shares of PlayAGS from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $36.00 in a report on Friday, August 10th. ValuEngine downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. SunTrust Banks reissued a “buy” rating and issued a $35.00 price target on shares of PlayAGS in a report on Sunday, August 12th. Stifel Nicolaus increased their price target on shares of PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Finally, Credit Suisse Group began coverage on shares of PlayAGS in a report on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.38.

NYSE AGS traded down $1.44 during trading on Wednesday, hitting $19.17. 300,580 shares of the company’s stock traded hands, compared to its average volume of 302,403. The company has a market cap of $727.65 million and a PE ratio of -9.88. PlayAGS has a 12-month low of $16.66 and a 12-month high of $32.80. The company has a quick ratio of 2.16, a current ratio of 2.94 and a debt-to-equity ratio of 3.37.

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in PlayAGS by 135.8% in the second quarter. Russell Investments Group Ltd. now owns 540,026 shares of the company’s stock valued at $14,568,000 after purchasing an additional 311,054 shares during the period. Sei Investments Co. lifted its position in shares of PlayAGS by 524.9% in the second quarter. Sei Investments Co. now owns 21,065 shares of the company’s stock valued at $571,000 after acquiring an additional 17,694 shares in the last quarter. Sterling Capital Management LLC purchased a new position in shares of PlayAGS in the third quarter valued at approximately $2,683,000. Hood River Capital Management LLC purchased a new position in shares of PlayAGS in the second quarter valued at approximately $12,247,000. Finally, Bank of America Corp DE lifted its position in shares of PlayAGS by 173.6% in the second quarter. Bank of America Corp DE now owns 73,072 shares of the company’s stock valued at $1,978,000 after acquiring an additional 46,366 shares in the last quarter.

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.

Featured Story: Balanced Fund

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.