PlayAGS Inc (NYSE:AGS – Get Rating) – Investment analysts at Jefferies Financial Group lowered their Q4 2022 earnings estimates for shares of PlayAGS in a research note issued on Wednesday, July 20th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn ($0.19) per share for the quarter, down from their previous 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.
Other analysts have also issued reports about the stock. Truist Financial decreased their price target on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Roth Capital started coverage on shares of PlayAGS in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. B. Riley reduced their price target on PlayAGS from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on PlayAGS from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, July 14th.
PlayAGS Trading Down 4.4 %
Shares of NYSE AGS opened at $4.53 on Monday. The business has a fifty day moving average price of $5.36 and a 200 day moving average price of $6.45. PlayAGS has a 1-year low of $4.21 and a 1-year high of $10.45. The company has a debt-to-equity ratio of 16.42, a current ratio of 2.37 and a quick ratio of 1.82. The stock has a market capitalization of $168.09 million, a P/E ratio of -6.04 and a beta of 2.72.
PlayAGS (NYSE:AGS – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). PlayAGS had a negative return on equity of 44.92% and a negative net margin of 9.88%. The company had revenue of $72.86 million during the quarter, compared to analyst estimates of $70.27 million. During the same quarter in the prior year, the business earned ($0.21) earnings per share.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in shares of PlayAGS by 90.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,049,688 shares of the company’s stock valued at $13,671,000 after buying an additional 970,907 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 grew its stake 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 purchasing an additional 122,561 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of 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 purchasing an additional 42,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 70,206 shares during the period. Hedge funds and other institutional investors own 82.17% of the company’s stock.
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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Source: defenseworld.net
