PlayAGS (AGS) Set to Announce Earnings on Monday

PlayAGS (NYSE:AGSGet Rating) is set to post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect PlayAGS to post earnings of ($0.04) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

PlayAGS (NYSE:AGSGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). PlayAGS had a negative net margin of 9.88% and a negative return on equity of 44.92%. The firm had revenue of $72.86 million during the quarter, compared to analyst estimates of $70.27 million. During the same quarter last year, the business posted ($0.21) EPS. On average, analysts expect PlayAGS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PlayAGS Trading Down 3.8 %

Shares of AGS stock opened at $5.04 on Friday. The company has a 50 day moving average of $5.26 and a 200-day moving average of $6.32. The company has a quick ratio of 1.82, a current ratio of 2.37 and a debt-to-equity ratio of 16.42. PlayAGS has a 12-month low of $4.21 and a 12-month high of $10.45. The firm has a market cap of $187.02 million, a P/E ratio of -6.72 and a beta of 2.54.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in PlayAGS in the 1st quarter worth approximately $117,000. Goldman Sachs Group Inc. boosted its stake in PlayAGS by 90.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,049,688 shares of the company’s stock worth $13,671,000 after purchasing an additional 970,907 shares during the last quarter. PDT Partners LLC boosted its stake in PlayAGS by 8.7% during the 1st quarter. PDT Partners LLC now owns 47,116 shares of the company’s stock worth $314,000 after purchasing an additional 3,768 shares during the last quarter. Engineers Gate Manager LP boosted its stake in PlayAGS by 101.8% during the 1st quarter. Engineers Gate Manager LP now owns 157,509 shares of the company’s stock worth $1,051,000 after purchasing an additional 79,459 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 worth $8,807,000 after purchasing an additional 54,296 shares during the last quarter. Hedge funds and other institutional investors own 82.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AGS. Truist Financial cut their price target on shares of PlayAGS from $13.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. B. Riley decreased their price objective on shares of PlayAGS from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Roth Capital began coverage on shares of PlayAGS in a research note on Wednesday, April 27th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of PlayAGS from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, July 14th. Finally, Stifel Nicolaus dropped their price objective on shares of PlayAGS from $11.00 to $9.00 in a research note on Monday, August 1st.

About PlayAGS

(Get Rating)

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 for PlayAGS (NYSE:AGS)

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