PlayAGS Inc (NYSE:AGS) Expected to Announce Quarterly Sales of $49.97 Million


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Equities research analysts forecast that PlayAGS Inc (NYSE:AGS) will post $49.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for PlayAGS’s earnings, with estimates ranging from $46.08 million to $52.30 million. PlayAGS reported sales of $54.31 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The business is scheduled to issue its next earnings results after the market closes on Thursday, May 6th.

According to Zacks, analysts expect that PlayAGS will report full year sales of $221.27 million for the current year, with estimates ranging from $212.70 million to $243.70 million. For the next year, analysts forecast that the company will post sales of $273.49 million, with estimates ranging from $258.70 million to $294.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover PlayAGS.

PlayAGS (NYSE:AGS) last posted its earnings results on Thursday, March 4th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.09). PlayAGS had a negative net margin of 33.66% and a negative return on equity of 67.28%. The company had revenue of $46.62 million during the quarter, compared to analysts’ expectations of $48.48 million.

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered PlayAGS from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft increased their price target on PlayAGS from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, March 5th. Roth Capital increased their price target on PlayAGS from $8.50 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, February 16th. Credit Suisse Group raised PlayAGS from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $3.72 to $13.00 in a research note on Thursday, March 18th. Finally, Zacks Investment Research raised PlayAGS from a “sell” rating to a “hold” rating in a research note on Tuesday, March 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.66.

AGS stock traded down $0.46 on Tuesday, reaching $8.54. The company had a trading volume of 268,352 shares, compared to its average volume of 329,874. PlayAGS has a 1 year low of $2.50 and a 1 year high of $10.39. The company has a debt-to-equity ratio of 9.91, a quick ratio of 4.06 and a current ratio of 4.83. The company’s fifty day moving average is $8.28 and its 200 day moving average is $6.39. The company has a market cap of $311.17 million, a P/E ratio of -4.54 and a beta of 3.48.

A number of hedge funds and other institutional investors have recently made changes to their positions in AGS. Citigroup Inc. increased its holdings in PlayAGS by 294.5% in the 4th quarter. Citigroup Inc. now owns 5,046 shares of the company’s stock valued at $36,000 after purchasing an additional 3,767 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of PlayAGS during the third quarter valued at about $44,000. Ellevest Inc. grew its stake in shares of PlayAGS by 3,714.0% during the fourth quarter. Ellevest Inc. now owns 8,734 shares of the company’s stock valued at $63,000 after acquiring an additional 8,505 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of PlayAGS by 133.7% during the third quarter. JPMorgan Chase & Co. now owns 26,753 shares of the company’s stock valued at $97,000 after acquiring an additional 15,305 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of PlayAGS during the fourth quarter valued at about $134,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.

PlayAGS Company Profile

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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