PlayAGS (AGS) Scheduled to Post Earnings on Thursday

PlayAGS (NYSE:AGS) will release its earnings data after the market closes on Thursday, November 8th. Analysts expect PlayAGS to post earnings of $0.03 per share for the quarter.

PlayAGS (NYSE:AGS) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). PlayAGS had a negative net margin of 10.91% and a negative return on equity of 40.01%. The business had revenue of $72.82 million during the quarter, compared to the consensus estimate of $64.67 million. During the same period last year, the business posted ($0.87) earnings per share. The firm’s quarterly revenue was up 45.4% on a year-over-year basis. On average, analysts expect PlayAGS to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PlayAGS stock opened at $24.25 on Thursday. PlayAGS has a 1-year low of $16.66 and a 1-year high of $32.80. The firm has a market capitalization of $856.53 million and a price-to-earnings ratio of -12.50. The company has a debt-to-equity ratio of 3.55, a quick ratio of 2.01 and a current ratio of 2.74.

A hedge fund recently raised its stake in PlayAGS stock. Bank of New York Mellon Corp lifted its position in shares of PlayAGS Inc (NYSE:AGS) by 74.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,521 shares of the company’s stock after purchasing an additional 21,481 shares during the period. Bank of New York Mellon Corp owned 0.14% of PlayAGS worth $1,368,000 at the end of the most recent quarter.

A number of research analysts recently weighed in on AGS shares. SunTrust Banks reissued a “buy” rating and set a $35.00 price target on shares of PlayAGS in a research report on Tuesday, October 2nd. ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Stifel Nicolaus raised their price target on shares of PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Telsey Advisory Group started coverage on shares of PlayAGS in a research report on Thursday, August 23rd. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Credit Suisse Group started coverage on shares of PlayAGS in a research report on Tuesday, August 14th. They set an “outperform” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.88.

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.

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