Q2 2019 EPS Estimates for PlayAGS Inc (AGS) Lifted by SunTrust Banks

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PlayAGS Inc (NYSE:AGS) – SunTrust Banks lifted their Q2 2019 EPS estimates for PlayAGS in a research note issued to investors on Wednesday, January 9th. SunTrust Banks analyst B. Jonas now forecasts that the company will post earnings per share of $0.20 for the quarter, up from their prior forecast of $0.14. SunTrust Banks currently has a “Buy” rating and a $33.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the stock. ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $34.00 price target on shares of PlayAGS in a research report on Tuesday, November 13th. Finally, Stifel Nicolaus upped their price target on shares of PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.38.

Shares of AGS opened at $24.67 on Thursday. PlayAGS has a fifty-two week low of $16.66 and a fifty-two week high of $32.80. The company has a market capitalization of $802.85 million and a PE ratio of -12.62. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.94 and a quick ratio of 2.16.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The firm had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $69.06 million. The company’s revenue was up 34.7% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of PlayAGS by 93.5% during the 3rd quarter. Swiss National Bank now owns 41,400 shares of the company’s stock worth $1,220,000 after acquiring an additional 20,000 shares in the last quarter. Sei Investments Co. raised its stake in shares of PlayAGS by 524.9% during the 2nd quarter. Sei Investments Co. now owns 21,065 shares of the company’s stock worth $571,000 after acquiring an additional 17,694 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of PlayAGS during the 3rd quarter worth approximately $2,683,000. Bank of America Corp DE raised its stake in shares of PlayAGS by 173.6% during the 2nd quarter. Bank of America Corp DE now owns 73,072 shares of the company’s stock worth $1,978,000 after acquiring an additional 46,366 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of PlayAGS during the 3rd quarter worth approximately $217,000.

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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Earnings History and Estimates for PlayAGS (NYSE:AGS)

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