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 research analysts have recently weighed in on AGS shares. Jefferies Financial Group raised shares of PlayAGS from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $36.00 in a report on Friday, August 10th. ValuEngine cut 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 set a $35.00 price objective on shares of PlayAGS in a report on Sunday, August 12th. Stifel Nicolaus boosted their price objective on shares of PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Credit Suisse Group started coverage on shares of PlayAGS in a report on Tuesday, August 14th. They set an “outperform” rating and a $35.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $33.38.

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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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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