B. Riley Issues Negative Forecast for PlayAGS Earnings

PlayAGS Inc (NYSE:AGS) – Research analysts at B. Riley cut their Q3 2024 earnings per share (EPS) estimates for shares of PlayAGS in a research report issued to clients and investors on Sunday, November 3rd. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.17. B. Riley currently has a “Neutral” rating and a $12.50 price target on the stock. The consensus estimate for PlayAGS’s current full-year earnings is $0.41 per share. B. Riley also issued estimates for PlayAGS’s Q4 2024 earnings at $0.15 EPS.

PlayAGS Stock Performance

Shares of AGS stock opened at $11.64 on Wednesday. The company has a market capitalization of $468.37 million, a price-to-earnings ratio of 105.82 and a beta of 2.35. The company has a debt-to-equity ratio of 7.65, a quick ratio of 2.43 and a current ratio of 3.06. PlayAGS has a 52 week low of $6.76 and a 52 week high of $11.75. The company has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $11.20.

PlayAGS (NYSE:AGS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.10). The company had revenue of $96.74 million during the quarter, compared to the consensus estimate of $94.93 million. PlayAGS had a net margin of 1.25% and a return on equity of 6.89%.

Institutional Trading of PlayAGS

Institutional investors have recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. acquired a new stake in PlayAGS in the 3rd quarter worth about $245,000. Wolverine Asset Management LLC increased its holdings in shares of PlayAGS by 89.3% during the third quarter. Wolverine Asset Management LLC now owns 85,185 shares of the company’s stock worth $970,000 after purchasing an additional 40,185 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of PlayAGS in the third quarter valued at approximately $237,000. Olympiad Research LP bought a new stake in shares of PlayAGS in the third quarter valued at approximately $1,164,000. Finally, Emerald Advisers LLC boosted its stake in shares of PlayAGS by 193.4% in the third quarter. Emerald Advisers LLC now owns 6,623 shares of the company’s stock valued at $75,000 after buying an additional 4,366 shares during the period. 77.44% of the stock is currently owned by institutional investors.

About PlayAGS

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.