What is Northland Capmk’s Forecast for ACEL FY2025 Earnings?

Accel Entertainment, Inc. (NYSE:ACEL) – Investment analysts at Northland Capmk raised their FY2025 earnings per share estimates for shares of Accel Entertainment in a research report issued to clients and investors on Thursday, July 17th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings per share of $0.89 for the year, up from their previous forecast of $0.86. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.80 per share.

Several other research analysts have also weighed in on the company. Northland Securities lifted their target price on Accel Entertainment to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a report on Tuesday, May 6th.

Accel Entertainment Stock Performance

ACEL stock opened at $12.17 on Friday. The business’s 50-day moving average price is $11.64 and its two-hundred day moving average price is $11.12. The company has a current ratio of 2.42, a quick ratio of 2.35 and a debt-to-equity ratio of 2.11. The firm has a market cap of $1.03 billion, a PE ratio of 24.84 and a beta of 1.23. Accel Entertainment has a 1-year low of $9.02 and a 1-year high of $12.96.

Institutional Trading of Accel Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Accel Entertainment in the first quarter valued at about $35,000. Covestor Ltd increased its position in shares of Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after acquiring an additional 1,051 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Accel Entertainment by 11,304.3% in the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after acquiring an additional 5,200 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Accel Entertainment by 483.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after acquiring an additional 6,151 shares during the last quarter. Finally, Trifecta Capital Advisors LLC increased its position in shares of Accel Entertainment by 437.9% in the first quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company’s stock valued at $91,000 after acquiring an additional 7,444 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Insiders Place Their Bets

In other Accel Entertainment news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $11.50, for a total transaction of $57,500.00. Following the transaction, the insider directly owned 202,880 shares in the company, valued at approximately $2,333,120. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christen Kozlik sold 3,791 shares of Accel Entertainment stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total value of $43,596.50. Following the completion of the sale, the chief accounting officer directly owned 4,534 shares in the company, valued at $52,141. This represents a 45.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,674 shares of company stock valued at $1,649,158. Insiders own 18.33% of the company’s stock.

Accel Entertainment Company Profile

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.