Accel Entertainment (NYSE:ACEL) Releases Earnings Results, Misses Estimates By $0.04 EPS

Accel Entertainment (NYSE:ACEL) posted its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04), Zacks reports. Accel Entertainment had a net margin of 3.54% and a return on equity of 35.26%.

Accel Entertainment Trading Down 1.1 %

Shares of NYSE:ACEL traded down $0.13 during trading on Thursday, reaching $11.73. The stock had a trading volume of 253,950 shares, compared to its average volume of 285,622. The business has a fifty day moving average price of $11.18 and a 200-day moving average price of $11.39. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The stock has a market cap of $966.01 million, a P/E ratio of 23.00 and a beta of 1.46. Accel Entertainment has a fifty-two week low of $9.37 and a fifty-two week high of $12.96.

Insider Activity

In related news, insider Mark T. Phelan sold 9,577 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total transaction of $111,572.05. Following the completion of the transaction, the insider now owns 189,788 shares of the company’s stock, valued at approximately $2,211,030.20. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.50, for a total transaction of $287,500.00. Following the transaction, the director now directly owns 360,635 shares of the company’s stock, valued at $4,147,302.50. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,577 shares of company stock valued at $1,090,072 over the last 90 days. Insiders own 17.90% 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.