What is Northland Capmk’s Forecast for ACEL FY2025 Earnings?

Accel Entertainment, Inc. (NYSE:ACEL) – Equities researchers at Northland Capmk raised their FY2025 earnings per share (EPS) estimates for Accel Entertainment in a report released on Thursday, July 17th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.89 per share for the year, up from their prior forecast of $0.86. The consensus estimate for Accel Entertainment’s current full-year earnings is $0.80 per share.

A number of other equities research analysts have also recently issued reports on the company. Northland Securities boosted their price objective on Accel Entertainment to $15.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Macquarie restated an “outperform” rating and set a $16.00 price objective on shares of Accel Entertainment in a report on Tuesday, May 6th.

Accel Entertainment Trading Down 0.8%

Shares of NYSE:ACEL opened at $12.17 on Friday. Accel Entertainment has a 12-month low of $9.02 and a 12-month high of $12.96. The stock has a market cap of $1.03 billion, a PE ratio of 24.84 and a beta of 1.23. The business has a 50 day moving average of $11.64 and a 200-day moving average of $11.12. The company has a quick ratio of 2.35, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Insider Buying and Selling

In related news, insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $11.50, for a total value of $57,500.00. Following the completion of the sale, the insider directly owned 202,880 shares in the company, valued at approximately $2,333,120. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gordon Rubenstein sold 29,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $11.24, for a total value of $325,960.00. Following the completion of the sale, the director owned 14,117 shares of the company’s stock, valued at approximately $158,675.08. This trade represents a 67.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,674 shares of company stock valued at $1,649,158. 18.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Accel Entertainment

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new position in Accel Entertainment during the first quarter valued at approximately $35,000. Covestor Ltd raised its position in Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock valued at $46,000 after purchasing an additional 1,051 shares in the last quarter. Russell Investments Group Ltd. raised its position in Accel Entertainment by 11,304.3% during the fourth quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock valued at $56,000 after purchasing an additional 5,200 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Accel Entertainment by 483.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock valued at $79,000 after purchasing an additional 6,151 shares in the last quarter. Finally, Chapman Financial Group LLC acquired a new position in Accel Entertainment during the fourth quarter valued at approximately $98,000. 55.39% of the stock is currently owned by institutional investors.

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.