PlayAGS Inc (NYSE:AGS) – Equities research analysts at SunTrust Banks upped their Q2 2019 earnings per share estimates for PlayAGS in a note issued to investors on Wednesday, January 9th. SunTrust Banks analyst B. Jonas now forecasts that the company will earn $0.20 per share for the quarter, up from their previous estimate of $0.14. SunTrust Banks has a “Buy” rating and a $33.00 price target on the stock.
PlayAGS (NYSE:AGS) last posted its earnings results on Thursday, November 8th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. PlayAGS had a negative return on equity of 10.81% and a negative net margin of 7.02%. The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $69.06 million. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis.
AGS opened at $24.90 on Thursday. PlayAGS has a twelve month low of $16.66 and a twelve month high of $32.80. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.94 and a quick ratio of 2.16. The company has a market capitalization of $802.85 million and a P/E ratio of -12.84.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of PlayAGS by 35.6% during the third quarter. BlackRock Inc. now owns 1,508,003 shares of the company’s stock worth $44,441,000 after buying an additional 396,153 shares during the last quarter. FMR LLC lifted its holdings in shares of PlayAGS by 176.7% during the third quarter. FMR LLC now owns 1,149,110 shares of the company’s stock worth $33,864,000 after buying an additional 733,756 shares during the last quarter. Vanguard Group Inc lifted its holdings 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 buying an additional 359,451 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 359,451 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of PlayAGS by 1.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 783,770 shares of the company’s stock valued at $23,098,000 after purchasing an additional 9,742 shares in the last quarter.
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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