PlayAGS Inc Forecasted to Post FY2022 Earnings of ($0.43) Per Share (NYSE:AGS)

PlayAGS Inc (NYSE:AGSGet Rating) – Equities research analysts at Jefferies Financial Group increased their FY2022 earnings per share (EPS) estimates for PlayAGS in a research note issued on Wednesday, November 9th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of ($0.43) per share for the year, up from their previous estimate of ($0.72). The consensus estimate for PlayAGS’s current full-year earnings is ($0.37) per share. Jefferies Financial Group also issued estimates for PlayAGS’s Q4 2022 earnings at ($0.15) EPS, Q1 2023 earnings at ($0.22) EPS, Q2 2023 earnings at ($0.16) EPS, Q3 2023 earnings at ($0.14) EPS, Q4 2023 earnings at ($0.15) EPS, FY2023 earnings at ($0.67) EPS and FY2024 earnings at ($0.63) EPS.

A number of other analysts have also commented on the company. Credit Suisse Group cut their price target on PlayAGS from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus cut their price target on PlayAGS from $11.00 to $9.00 in a report on Monday, August 1st. TheStreet lowered PlayAGS from a “c-” rating to a “d” rating in a report on Wednesday. Truist Financial cut their price target on PlayAGS from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Finally, B. Riley boosted their price target on PlayAGS from $12.00 to $14.00 in a report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

PlayAGS Stock Performance

AGS stock opened at $6.11 on Friday. The firm has a market cap of $230.71 million, a PE ratio of -11.31 and a beta of 2.39. The business’s 50-day moving average price is $6.22 and its two-hundred day moving average price is $5.96. PlayAGS has a 1-year low of $4.21 and a 1-year high of $8.68. The company has a current ratio of 2.26, a quick ratio of 1.67 and a debt-to-equity ratio of 15.09.

Institutional Trading of PlayAGS

A number of hedge funds and other institutional investors have recently modified their holdings of AGS. Emerald Advisers LLC increased its position in shares of PlayAGS by 41.6% in the first quarter. Emerald Advisers LLC now owns 248,318 shares of the company’s stock valued at $1,656,000 after acquiring an additional 72,931 shares during the last quarter. Calamos Advisors LLC acquired a new position in PlayAGS during the first quarter worth approximately $1,324,000. Monarch Partners Asset Management LLC increased its position in PlayAGS by 12.1% during the first quarter. Monarch Partners Asset Management LLC now owns 389,727 shares of the company’s stock worth $2,599,000 after buying an additional 42,100 shares during the last quarter. M&T Bank Corp increased its position in PlayAGS by 9.1% during the first quarter. M&T Bank Corp now owns 67,278 shares of the company’s stock worth $449,000 after buying an additional 5,587 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in PlayAGS by 22.7% during the first quarter. Bank of New York Mellon Corp now owns 157,475 shares of the company’s stock worth $1,050,000 after buying an additional 29,120 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.

PlayAGS Company Profile

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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.

Further Reading

Earnings History and Estimates for PlayAGS (NYSE:AGS)

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