PlayAGS (AGS) Announces Quarterly Earnings Results

PlayAGS (NYSE:AGS) released its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09, Briefing.com reports. PlayAGS had a negative return on equity of 40.01% and a negative net margin of 10.91%. The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $69.06 million. PlayAGS’s quarterly revenue was up 34.7% compared to the same quarter last year.

Shares of NYSE:AGS traded down $2.99 during midday trading on Friday, reaching $21.01. The company’s stock had a trading volume of 766,900 shares, compared to its average volume of 302,501. PlayAGS has a fifty-two week low of $16.66 and a fifty-two week high of $32.80. The firm has a market cap of $796.93 million and a PE ratio of -10.83. The company has a debt-to-equity ratio of 3.55, a quick ratio of 2.01 and a current ratio of 2.74.

Several research analysts have issued reports on AGS shares. SunTrust Banks reiterated a “buy” rating and set a $35.00 price objective on shares of PlayAGS in a research note on Sunday, August 12th. Zacks Investment Research lowered PlayAGS from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. ValuEngine lowered PlayAGS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Deutsche Bank increased their price objective on PlayAGS to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Finally, Stifel Nicolaus increased their price objective on PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.88.

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of PlayAGS by 18.7% in the third quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $500,000 after buying an additional 2,679 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of PlayAGS by 35.0% in the third quarter. Alliancebernstein L.P. now owns 10,800 shares of the company’s stock valued at $318,000 after buying an additional 2,800 shares in the last quarter. American International Group Inc. increased its stake in shares of PlayAGS by 39.6% in the third quarter. American International Group Inc. now owns 14,574 shares of the company’s stock valued at $429,000 after buying an additional 4,137 shares in the last quarter. Barclays PLC acquired a new stake in shares of PlayAGS in the first quarter valued at $140,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of PlayAGS in the third quarter valued at $217,000.

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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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