PlayAGS Inc (NYSE:AGS – Get Rating) – Equities researchers at Jefferies Financial Group lowered their Q4 2022 earnings per share estimates for shares of PlayAGS in a research report issued on Wednesday, July 20th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of ($0.19) per share for the quarter, down from their prior estimate of ($0.18). The consensus estimate for PlayAGS’s current full-year earnings is ($0.39) per share. Jefferies Financial Group also issued estimates for PlayAGS’s Q1 2023 earnings at ($0.24) EPS, Q2 2023 earnings at ($0.22) EPS, Q3 2023 earnings at ($0.20) EPS, Q4 2023 earnings at ($0.19) EPS, FY2023 earnings at ($0.85) EPS and FY2024 earnings at ($0.92) EPS.
PlayAGS (NYSE:AGS – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $72.86 million during the quarter, compared to analyst estimates of $70.27 million. PlayAGS had a negative net margin of 9.88% and a negative return on equity of 44.92%. During the same period in the prior year, the business posted ($0.21) earnings per share.
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A number of other equities analysts have also weighed in on the company. Roth Capital began coverage on PlayAGS in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. B. Riley cut their price objective on shares of PlayAGS from $18.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, June 28th. Truist Financial lowered their target price on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of PlayAGS from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, July 14th.
PlayAGS Trading Down 4.4 %
Shares of PlayAGS stock opened at $4.53 on Monday. The company has a debt-to-equity ratio of 16.42, a quick ratio of 1.82 and a current ratio of 2.37. The company has a fifty day moving average of $5.36 and a 200 day moving average of $6.45. The company has a market capitalization of $168.09 million, a P/E ratio of -6.04 and a beta of 2.72. PlayAGS has a fifty-two week low of $4.21 and a fifty-two week high of $10.45.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in PlayAGS by 90.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,049,688 shares of the company’s stock worth $13,671,000 after acquiring an additional 970,907 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of PlayAGS by 4.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,320,442 shares of the company’s stock valued at $8,807,000 after purchasing an additional 54,296 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in PlayAGS by 14.1% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 994,654 shares of the company’s stock valued at $6,754,000 after buying an additional 122,561 shares during the period. Monarch Partners Asset Management LLC lifted its position in PlayAGS by 12.1% in the first quarter. Monarch Partners Asset Management LLC now owns 389,727 shares of the company’s stock worth $2,599,000 after buying an additional 42,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in PlayAGS by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 267,630 shares of the company’s stock worth $1,786,000 after buying an additional 70,206 shares during the period. 82.17% of the stock is owned by hedge funds and other institutional investors.
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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