Analysts Expect Accel Entertainment, Inc. (NYSE:ACEL) Will Post Earnings of $0.21 Per Share

Wall Street analysts expect Accel Entertainment, Inc. (NYSE:ACELGet Rating) to post earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Accel Entertainment’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.24. Accel Entertainment reported earnings of $0.11 per share in the same quarter last year, which would indicate a positive year over year growth rate of 90.9%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Accel Entertainment will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.18. For the next financial year, analysts forecast that the business will post earnings of $1.24 per share, with EPS estimates ranging from $0.98 to $1.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Accel Entertainment.

Separately, Zacks Investment Research downgraded Accel Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accel Entertainment has an average rating of “Buy” and an average target price of $16.50.

ACEL stock opened at $12.42 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 37.64 and a beta of 1.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.45 and a current ratio of 3.45. Accel Entertainment has a 52-week low of $10.41 and a 52-week high of $14.10. The business has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $12.78.

In other Accel Entertainment news, Director David W. Ruttenberg sold 11,880 shares of the business’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $13.00, for a total transaction of $154,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karl Mr. Peterson sold 30,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $13.07, for a total transaction of $392,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,280 shares of company stock worth $2,679,404. Insiders own 18.77% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Counterpoint Mutual Funds LLC purchased a new position in shares of Accel Entertainment during the 4th quarter valued at $26,000. Advisor Group Holdings Inc. grew its position in Accel Entertainment by 44.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,886 shares of the company’s stock worth $63,000 after acquiring an additional 1,514 shares in the last quarter. Royal Bank of Canada lifted its stake in Accel Entertainment by 109.7% in the second quarter. Royal Bank of Canada now owns 6,556 shares of the company’s stock worth $78,000 after purchasing an additional 3,430 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Accel Entertainment by 99.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,557 shares of the company’s stock worth $124,000 after purchasing an additional 4,767 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Accel Entertainment in the third quarter worth $126,000. 38.93% of the stock is currently owned by institutional investors and hedge funds.

About Accel Entertainment (Get Rating)

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.

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