PlayAGS Inc (NYSE:AGS) Expected to Post Earnings of -$0.04 Per Share

Analysts forecast that PlayAGS Inc (NYSE:AGSGet Rating) will announce earnings per share of ($0.04) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for PlayAGS’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.22). PlayAGS posted earnings of ($0.11) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 63.6%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that PlayAGS will report full year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.97) to ($0.12). For the next fiscal year, analysts anticipate that the company will post earnings of $0.27 per share, with EPS estimates ranging from ($0.63) to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover PlayAGS.

PlayAGS (NYSE:AGSGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $72.86 million for the quarter, compared to analysts’ expectations of $70.27 million. PlayAGS had a negative net margin of 9.88% and a negative return on equity of 44.92%. During the same period in the prior year, the business posted ($0.21) earnings per share.

AGS has been the subject of a number of research reports. B. Riley lowered their price objective on shares of PlayAGS from $21.00 to $18.00 in a research note on Friday, March 11th. Roth Capital initiated coverage on shares of PlayAGS in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Friday, March 11th.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in PlayAGS by 2.9% in the 3rd quarter. BlackRock Inc. now owns 2,130,671 shares of the company’s stock worth $16,790,000 after buying an additional 60,655 shares during the period. Goldman Sachs Group Inc. increased its holdings in PlayAGS by 90.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,049,688 shares of the company’s stock worth $13,671,000 after buying an additional 970,907 shares during the period. Renaissance Technologies LLC increased its holdings in PlayAGS by 4.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,320,442 shares of the company’s stock worth $8,807,000 after buying an additional 54,296 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in PlayAGS by 14.1% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 994,654 shares of the company’s stock worth $6,754,000 after buying an additional 122,561 shares during the period. Finally, Benefit Street Partners LLC increased its holdings in PlayAGS by 37.2% in the 3rd quarter. Benefit Street Partners LLC now owns 920,948 shares of the company’s stock worth $7,257,000 after buying an additional 249,459 shares during the period. Institutional investors own 82.17% of the company’s stock.

NYSE:AGS opened at $4.97 on Wednesday. PlayAGS has a 1-year low of $4.88 and a 1-year high of $11.32. The company has a 50-day moving average of $6.25 and a 200 day moving average of $6.98. The firm has a market cap of $184.42 million, a PE ratio of -6.63 and a beta of 2.81. The company has a debt-to-equity ratio of 16.42, a current ratio of 2.37 and a quick ratio of 2.84.

About PlayAGS (Get Rating)

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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