PlayAGS Inc (NYSE:AGS) – Equities research analysts at Jefferies Financial Group cut their Q3 2019 earnings estimates for PlayAGS in a research report issued to clients and investors on Thursday, August 8th. Jefferies Financial Group analyst D. Katz now anticipates that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.22. Jefferies Financial Group also issued estimates for PlayAGS’s Q4 2019 earnings at $0.07 EPS and FY2020 earnings at $0.60 EPS.
A number of other research analysts have also commented on AGS. SunTrust Banks decreased their price objective on PlayAGS to $20.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Zacks Investment Research lowered PlayAGS from a “hold” rating to a “strong sell” rating in a report on Thursday, August 8th. Deutsche Bank lowered PlayAGS from a “buy” rating to a “hold” rating and decreased their price objective for the company from $31.00 to $18.00 in a report on Thursday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of PlayAGS in a report on Thursday, August 8th. Finally, Roth Capital cut their target price on PlayAGS from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.75.
PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). PlayAGS had a negative net margin of 4.62% and a negative return on equity of 0.72%. The firm had revenue of $74.51 million during the quarter, compared to analyst estimates of $83.00 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its position in shares of PlayAGS by 20.6% during the 4th quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock worth $103,000 after buying an additional 764 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of PlayAGS during the 1st quarter worth $36,000. Swiss National Bank lifted its position in shares of PlayAGS by 3.6% during the 2nd quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $1,021,000 after buying an additional 1,800 shares during the last quarter. Comerica Bank lifted its position in shares of PlayAGS by 8.0% during the 1st quarter. Comerica Bank now owns 31,010 shares of the company’s stock worth $765,000 after buying an additional 2,300 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of PlayAGS during the 1st quarter worth $109,000. Institutional investors and hedge funds own 98.43% of the company’s stock.
In related news, insider Victor Gallo bought 10,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $8.90 per share, for a total transaction of $89,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Adam Chibib acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $8.90 per share, with a total value of $44,500.00. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
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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