Brokerages predict that Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) will announce $214.33 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Accel Entertainment’s earnings, with the lowest sales estimate coming in at $200.98 million and the highest estimate coming in at $226.82 million. Accel Entertainment posted sales of $201.97 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Accel Entertainment will report full-year sales of $925.51 million for the current fiscal year, with estimates ranging from $836.50 million to $982.49 million. For the next financial year, analysts forecast that the company will post sales of $1.17 billion, with estimates ranging from $1.17 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Accel Entertainment.
Accel Entertainment (NYSE:ACEL – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Accel Entertainment had a return on equity of 48.62% and a net margin of 5.84%. The business had revenue of $192.31 million during the quarter, compared to analysts’ expectations of $192.96 million.
Shares of NYSE ACEL opened at $10.95 on Friday. Accel Entertainment has a 12-month low of $10.01 and a 12-month high of $14.10. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.52 and a quick ratio of 3.52. The firm’s 50-day moving average is $12.28 and its two-hundred day moving average is $12.68. The company has a market capitalization of $1.02 billion, a PE ratio of 22.81 and a beta of 1.06.
In other news, Director Karl Mr. Peterson sold 35,000 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $12.51, for a total value of $437,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David W. Ruttenberg sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $12.51, for a total transaction of $80,064.00. Following the sale, the director now owns 620,127 shares of the company’s stock, valued at $7,757,788.77. The disclosure for this sale can be found here. Insiders sold a total of 188,280 shares of company stock worth $2,379,154 in the last three months. Company insiders own 18.77% of the company’s stock.
Several hedge funds have recently modified their holdings of ACEL. Darlington Partners Capital Management LP acquired a new position in Accel Entertainment in the fourth quarter valued at about $88,147,000. HighTower Advisors LLC acquired a new position in Accel Entertainment in the third quarter valued at approximately $5,352,000. Prudential Financial Inc. lifted its holdings in Accel Entertainment by 423.3% in the first quarter. Prudential Financial Inc. now owns 361,691 shares of the company’s stock valued at $4,405,000 after buying an additional 292,576 shares during the period. Crescent Park Management L.P. lifted its holdings in Accel Entertainment by 6.5% in the third quarter. Crescent Park Management L.P. now owns 3,591,613 shares of the company’s stock valued at $43,602,000 after buying an additional 220,626 shares during the period. Finally, American Century Companies Inc. raised its holdings in Accel Entertainment by 4.9% in the first quarter. American Century Companies Inc. now owns 4,424,668 shares of the company’s stock worth $53,892,000 after purchasing an additional 208,667 shares during the period. Institutional investors own 48.32% of the company’s stock.
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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