Accel Entertainment (NYSE:ACEL – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, May 4th. Analysts expect Accel Entertainment to post earnings of $0.21 per share for the quarter. Accel Entertainment has set its FY 2022 guidance at EPS.
Accel Entertainment (NYSE:ACEL – Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The business had revenue of $192.31 million for the quarter, compared to the consensus estimate of $192.96 million. Accel Entertainment had a net margin of 4.30% and a return on equity of 46.31%. On average, analysts expect Accel Entertainment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of ACEL traded up $0.13 during trading hours on Thursday, reaching $11.78. 853 shares of the company’s stock traded hands, compared to its average volume of 223,310. The stock has a market cap of $1.09 billion, a PE ratio of 35.70 and a beta of 1.11. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 2.04. The firm’s 50 day simple moving average is $12.77 and its 200-day simple moving average is $12.78. Accel Entertainment has a 12 month low of $10.41 and a 12 month high of $14.10.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Accel Entertainment by 0.7% during the fourth quarter. BlackRock Inc. now owns 4,530,410 shares of the company’s stock valued at $58,984,000 after buying an additional 30,915 shares during the period. Wells Fargo & Company MN increased its stake in shares of Accel Entertainment by 3,895.6% during the fourth quarter. Wells Fargo & Company MN now owns 32,964 shares of the company’s stock valued at $429,000 after buying an additional 32,139 shares during the period. Toroso Investments LLC bought a new stake in shares of Accel Entertainment during the fourth quarter valued at approximately $136,000. California State Teachers Retirement System boosted its position in shares of Accel Entertainment by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 78,200 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Accel Entertainment during the fourth quarter valued at approximately $141,000. 38.93% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut Accel Entertainment from a “buy” rating to a “hold” rating in a report on Monday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.50.
Accel Entertainment Company Profile (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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