Q3 2019 EPS Estimates for PlayAGS Inc (NYSE:AGS) Decreased by Analyst

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PlayAGS Inc (NYSE:AGS) – Equities research analysts at Jefferies Financial Group decreased their Q3 2019 earnings per share (EPS) estimates for PlayAGS in a note issued to investors on Thursday, August 8th. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.22. Jefferies Financial Group also issued estimates for PlayAGS’s Q4 2019 earnings at $0.07 EPS and FY2020 earnings at $0.60 EPS.

AGS has been the topic of a number of other reports. Deutsche Bank cut shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their target price for the stock from $31.00 to $18.00 in a research report on Thursday, August 8th. Roth Capital reduced their target price on shares of PlayAGS from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Zacks Investment Research cut shares of PlayAGS from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 8th. SunTrust Banks reduced their target price on shares of PlayAGS to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America cut shares of PlayAGS from a “buy” rating to an “underperform” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.75.

NYSE AGS opened at $11.01 on Monday. The stock’s fifty day moving average price is $18.35. PlayAGS has a 52 week low of $6.05 and a 52 week high of $32.80. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $325.00 million, a PE ratio of -73.40, a P/E/G ratio of 5.54 and a beta of 0.86.

PlayAGS (NYSE:AGS) last posted its earnings results on Wednesday, August 7th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). PlayAGS had a negative return on equity of 0.72% and a negative net margin of 4.62%. The firm had revenue of $74.51 million for the quarter, compared to analyst estimates of $83.00 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis.

Several large investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. grew its holdings in PlayAGS by 198.8% during the second quarter. Jacobs Levy Equity Management Inc. now owns 392,807 shares of the company’s stock valued at $7,640,000 after purchasing an additional 261,343 shares during the last quarter. BlackRock Inc. grew its holdings in PlayAGS by 22.5% during the second quarter. BlackRock Inc. now owns 1,866,378 shares of the company’s stock valued at $36,301,000 after purchasing an additional 343,293 shares during the last quarter. Northern Trust Corp grew its holdings in PlayAGS by 4.9% during the second quarter. Northern Trust Corp now owns 281,584 shares of the company’s stock valued at $5,477,000 after purchasing an additional 13,165 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in PlayAGS by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 90,989 shares of the company’s stock valued at $1,770,000 after purchasing an additional 6,253 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in PlayAGS by 40.8% during the second quarter. M&T Bank Corp now owns 25,257 shares of the company’s stock valued at $491,000 after purchasing an additional 7,318 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

In related news, Director Adam Chibib purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $8.90 per share, with a total value of $44,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Victor Gallo purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $8.90 per share, for a total transaction of $89,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

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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