Accel Entertainment, Inc. (NYSE:ACEL) Expected to Earn Q1 2024 Earnings of $0.23 Per Share

Accel Entertainment, Inc. (NYSE:ACEL) – Stock analysts at Northland Capmk raised their Q1 2024 earnings estimates for shares of Accel Entertainment in a note issued to investors on Tuesday, April 16th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their previous forecast of $0.19. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.73 per share. Northland Capmk also issued estimates for Accel Entertainment’s FY2024 earnings at $0.92 EPS.

Accel Entertainment (NYSE:ACEL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. The company had revenue of $297.07 million during the quarter, compared to the consensus estimate of $286.32 million.

Accel Entertainment Stock Up 0.2 %

Accel Entertainment stock opened at $11.28 on Wednesday. The stock has a 50-day simple moving average of $11.16 and a 200-day simple moving average of $10.57. The company has a market capitalization of $944.85 million, a P/E ratio of 21.27 and a beta of 1.40. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85. Accel Entertainment has a fifty-two week low of $8.28 and a fifty-two week high of $12.05.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 14,292 shares of Accel Entertainment stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the transaction, the director now directly owns 446,914 shares of the company’s stock, valued at approximately $4,920,523.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David W. Ruttenberg sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $10.28, for a total value of $205,600.00. Following the transaction, the director now owns 466,545 shares in the company, valued at approximately $4,796,082.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 14,292 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $11.01, for a total value of $157,354.92. Following the sale, the director now directly owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The disclosure for this sale can be found here. Insiders have sold a total of 135,999 shares of company stock valued at $1,520,439 over the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ACEL. Counterpoint Mutual Funds LLC acquired a new stake in shares of Accel Entertainment during the first quarter worth $245,000. Vanguard Group Inc. raised its position in Accel Entertainment by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 3,211,634 shares of the company’s stock worth $32,983,000 after buying an additional 109,889 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Accel Entertainment in the 4th quarter worth $104,000. Quarry LP boosted its holdings in shares of Accel Entertainment by 54.3% in the fourth quarter. Quarry LP now owns 2,823 shares of the company’s stock valued at $29,000 after acquiring an additional 993 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Accel Entertainment by 8.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 109,039 shares of the company’s stock worth $1,121,000 after acquiring an additional 8,935 shares during the period. Institutional investors and hedge funds own 55.39% of the company’s stock.

About Accel Entertainment

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.