Brokers Set Expectations for PlayAGS Inc’s Q2 2019 Earnings (AGS)

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.

Several other research firms have also weighed in on AGS. ValuEngine lowered PlayAGS from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $34.00 target price on shares of PlayAGS in a report on Tuesday, November 13th. Finally, Stifel Nicolaus boosted their target price on PlayAGS from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. PlayAGS currently has an average rating of “Buy” and a consensus target price of $33.38.

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.

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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