PlayAGS Inc (NYSE:AGS) Expected to Announce Earnings of $0.04 Per Share

Analysts predict that PlayAGS Inc (NYSE:AGS) will report earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for PlayAGS’s earnings, with estimates ranging from ($0.06) to $0.13. PlayAGS posted earnings per share of $0.12 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that PlayAGS will report full year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.38) to $0.06. For the next financial year, analysts forecast that the firm will post earnings of $0.44 per share, with EPS estimates ranging from $0.03 to $0.86. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for PlayAGS.

PlayAGS (NYSE:AGS) last released its earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $74.51 million during the quarter, compared to the consensus estimate of $83.00 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.



A number of analysts have commented on the company. SunTrust Banks reduced their price objective on PlayAGS to $20.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Zacks Investment Research upgraded PlayAGS from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Union Gaming Research lowered PlayAGS from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Roth Capital decreased their price target on shares of PlayAGS from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America lowered shares of PlayAGS from a “buy” rating to an “underperform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.14.

AGS traded up $0.05 on Friday, hitting $10.70. 927,500 shares of the stock traded hands, compared to its average volume of 447,083. The business has a fifty day moving average price of $12.69 and a two-hundred day moving average price of $19.84. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $368.24 million, a PE ratio of -71.33, a P/E/G ratio of 18.82 and a beta of 1.12. PlayAGS has a 52 week low of $6.05 and a 52 week high of $31.70.

In related news, CEO David Lopez purchased 4,700 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $10.51 per share, with a total value of $49,397.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Victor Gallo purchased 10,000 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average price of $8.90 per share, for a total transaction of $89,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 32,028 shares of company stock worth $313,353. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Park West Asset Management LLC lifted its holdings in shares of PlayAGS by 35.1% during the second quarter. Park West Asset Management LLC now owns 2,350,081 shares of the company’s stock valued at $45,709,000 after acquiring an additional 610,528 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $712,000. Nuveen Asset Management LLC acquired a new stake in shares of PlayAGS in the 2nd quarter valued at $5,346,000. Jefferies Group LLC bought a new stake in shares of PlayAGS in the 2nd quarter worth about $391,000. Finally, Hilltop Holdings Inc. grew its holdings in shares of PlayAGS by 8.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 25,750 shares of the company’s stock worth $501,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

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.

Further Reading: Price-Sales Ratio

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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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