Zacks: Brokerages Anticipate PlayAGS Inc (AGS) Will Announce Earnings of $0.05 Per Share

Equities research analysts expect PlayAGS Inc (NYSE:AGS) to report $0.05 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for PlayAGS’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at ($0.04). PlayAGS reported earnings per share of ($0.19) during the same quarter last year, which suggests a positive year over year growth rate of 126.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that PlayAGS will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.93. For the next year, analysts expect that the company will post earnings of $1.13 per share, with EPS estimates ranging from $0.56 to $1.89. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for PlayAGS.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of PlayAGS from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday. Deutsche Bank reissued a “buy” rating and issued a $32.00 price objective on shares of PlayAGS in a research note on Wednesday, March 6th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price objective on shares of PlayAGS in a research note on Wednesday, February 13th. Finally, ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Nine analysts have rated the stock with a buy rating, PlayAGS presently has a consensus rating of “Buy” and a consensus price target of $32.75.

Shares of NYSE AGS traded up $0.33 during trading hours on Friday, reaching $26.62. The stock had a trading volume of 227,200 shares, compared to its average volume of 383,612. The company has a current ratio of 3.18, a quick ratio of 2.60 and a debt-to-equity ratio of 3.84. PlayAGS has a 52-week low of $18.67 and a 52-week high of $32.80.

Several hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of PlayAGS by 37.9% during the fourth quarter. FMR LLC now owns 1,585,184 shares of the company’s stock worth $36,459,000 after purchasing an additional 436,074 shares in the last quarter. Park West Asset Management LLC increased its position in shares of PlayAGS by 19.4% during the fourth quarter. Park West Asset Management LLC now owns 1,558,399 shares of the company’s stock worth $35,843,000 after purchasing an additional 252,934 shares in the last quarter. BlackRock Inc. increased its position in shares of PlayAGS by 0.9% during the fourth quarter. BlackRock Inc. now owns 1,521,166 shares of the company’s stock worth $34,988,000 after purchasing an additional 13,163 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PlayAGS by 51.6% during the third quarter. Vanguard Group Inc. now owns 1,055,404 shares of the company’s stock worth $31,103,000 after purchasing an additional 359,451 shares in the last quarter. Finally, Vanguard Group Inc increased its position in shares of PlayAGS by 51.6% during the third quarter. Vanguard Group Inc now owns 1,055,404 shares of the company’s stock worth $31,103,000 after purchasing an additional 359,451 shares in the last quarter.

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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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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