Q1 2024 EPS Estimates for Accel Entertainment, Inc. Lifted by Northland Capmk (NYSE:ACEL)

Accel Entertainment, Inc. (NYSE:ACEL) – Stock analysts at Northland Capmk boosted their Q1 2024 earnings per share (EPS) estimates for shares of Accel Entertainment in a report released on Tuesday, April 16th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.19. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.73 per share. Northland Capmk also issued estimates for Accel Entertainment’s FY2024 earnings at $0.92 EPS.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock opened at $11.28 on Wednesday. The company has a 50 day moving average price of $11.16 and a 200 day moving average price of $10.57. The firm has a market capitalization of $944.85 million, a P/E ratio of 21.27 and a beta of 1.40. The company has a quick ratio of 2.78, a current ratio of 2.85 and a debt-to-equity ratio of 2.59. Accel Entertainment has a 52 week low of $8.28 and a 52 week high of $12.05.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. The company had revenue of $297.07 million during the quarter, compared to analysts’ expectations of $286.32 million.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 14,292 shares of Accel Entertainment stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total transaction of $157,354.92. Following the completion of the sale, the director now directly owns 446,914 shares in the company, valued at $4,920,523.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Accel Entertainment news, Director Karl Mr. Peterson sold 30,000 shares of Accel Entertainment stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the director now owns 2,505,645 shares of the company’s stock, valued at approximately $27,562,095. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 14,292 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $11.01, for a total value of $157,354.92. Following the completion of the transaction, the director now owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,999 shares of company stock valued at $1,520,439. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Accel Entertainment

A number of large investors have recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Accel Entertainment by 54.3% in the 4th quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after acquiring an additional 993 shares during the last quarter. Rhumbline Advisers boosted its holdings in Accel Entertainment by 1.8% in the first quarter. Rhumbline Advisers now owns 74,270 shares of the company’s stock valued at $677,000 after purchasing an additional 1,299 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Accel Entertainment by 8.1% in the second quarter. Hsbc Holdings PLC now owns 17,568 shares of the company’s stock valued at $186,000 after purchasing an additional 1,314 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Accel Entertainment by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 407,345 shares of the company’s stock worth $3,711,000 after purchasing an additional 1,398 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Accel Entertainment by 0.3% during the 1st quarter. Sei Investments Co. now owns 516,656 shares of the company’s stock valued at $4,707,000 after buying an additional 1,448 shares during the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.