Accel Entertainment, Inc. to Post Q1 2024 Earnings of $0.23 Per Share, Northland Capmk Forecasts (NYSE:ACEL)

Accel Entertainment, Inc. (NYSE:ACEL) – Northland Capmk raised their Q1 2024 earnings per share estimates for Accel Entertainment in a report issued on Tuesday, April 16th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.23 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.75 per share. Northland Capmk also issued estimates for Accel Entertainment’s FY2024 earnings at $0.92 EPS.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $297.07 million for the quarter, compared to the consensus estimate of $286.32 million. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%.

Accel Entertainment Trading Down 0.2 %

NYSE:ACEL opened at $11.26 on Wednesday. The company has a market cap of $943.17 million, a P/E ratio of 21.24 and a beta of 1.40. Accel Entertainment has a 1 year low of $8.28 and a 1 year high of $12.05. The stock’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $10.58. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.85 and a quick ratio of 2.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Accel Entertainment by 4.1% during the second quarter. BlackRock Inc. now owns 4,572,495 shares of the company’s stock valued at $48,286,000 after buying an additional 180,343 shares during the period. Vanguard Group Inc. boosted its position in Accel Entertainment by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 3,211,634 shares of the company’s stock valued at $32,983,000 after buying an additional 109,889 shares during the period. State Street Corp boosted its position in Accel Entertainment by 2.7% during the first quarter. State Street Corp now owns 1,126,178 shares of the company’s stock valued at $10,259,000 after buying an additional 29,359 shares during the period. Finally, Geode Capital Management LLC boosted its position in Accel Entertainment by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,041,041 shares of the company’s stock valued at $10,993,000 after buying an additional 10,934 shares during the period. Institutional investors own 55.39% of the company’s stock.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 14,292 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the transaction, the director now owns 446,914 shares of the company’s stock, valued at $4,920,523.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Derek Harmer sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $11.21, for a total value of $112,100.00. Following the transaction, the insider now owns 187,553 shares of the company’s stock, valued at $2,102,469.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 14,292 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the completion of the transaction, the director now directly owns 446,914 shares in the company, valued at approximately $4,920,523.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,999 shares of company stock valued at $1,520,439. 19.17% of the stock is currently owned by company insiders.

Accel Entertainment Company Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.