Accel Entertainment (ACEL) to Release Earnings on Wednesday

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.

In other Accel Entertainment news, CFO Brian M. Carroll sold 20,000 shares of Accel Entertainment stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $12.62, for a total value of $252,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Karl Mr. Peterson sold 35,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $12.51, for a total value of $437,850.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,280 shares of company stock worth $2,379,154. 18.77% of the stock is currently owned by insiders.

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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