-$0.05 EPS Expected for PlayAGS Inc (AGS) This Quarter
Equities analysts expect PlayAGS Inc (NYSE:AGS) to post earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PlayAGS’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.11). PlayAGS posted earnings per share of ($0.37) in the same quarter last year, which would indicate a positive year over year growth rate of 86.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 13th.
On average, analysts expect that PlayAGS will report full-year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.31). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.48 per share, with EPS estimates ranging from $0.27 to $0.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow PlayAGS.
PlayAGS (NYSE:AGS) last issued its earnings results on Thursday, November 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The business had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $69.06 million. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AGS. BlackRock Inc. increased its holdings in PlayAGS by 35.6% during the third quarter. BlackRock Inc. now owns 1,508,003 shares of the company’s stock valued at $44,441,000 after buying an additional 396,153 shares during the last quarter. FMR LLC increased its holdings in PlayAGS by 176.7% during the third quarter. FMR LLC now owns 1,149,110 shares of the company’s stock valued at $33,864,000 after buying an additional 733,756 shares during the last quarter. Vanguard Group Inc. increased its holdings in PlayAGS by 51.6% during the third quarter. Vanguard Group Inc. now owns 1,055,404 shares of the company’s stock valued at $31,103,000 after buying an additional 359,451 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in PlayAGS by 1.3% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 783,770 shares of the company’s stock valued at $23,098,000 after buying an additional 9,742 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in PlayAGS by 34.6% during the third quarter. Russell Investments Group Ltd. now owns 726,741 shares of the company’s stock valued at $21,420,000 after buying an additional 186,715 shares during the last quarter.
AGS opened at $23.34 on Wednesday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.16 and a current ratio of 2.94. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80.
PlayAGS Company Profile
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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