Cormark Weighs in on Amaya Inc’s FY2019 Earnings (AYA)

Amaya Inc (TSE:AYA) (NYSE:AYA) – Cormark issued their FY2019 earnings per share (EPS) estimates for Amaya in a note issued to investors on Thursday, according to Zacks Investment Research. Cormark analyst D. Mcfadgen forecasts that the company will post earnings per share of $2.99 for the year.

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Earnings History and Estimates for Amaya (TSE:AYA)

Separately, Desjardins lifted their price objective on shares of Amaya to C$24.50 and gave the stock a “hold” rating in a research report on Thursday, March 23rd.

Shares of Amaya (TSE:AYA) traded up 0.88% on Friday, hitting $24.00. The company’s stock had a trading volume of 415,488 shares. The stock has a 50-day moving average price of $21.56 and a 200 day moving average price of $19.71. The firm has a market cap of $3.50 billion and a price-to-earnings ratio of 34.29. Amaya has a one year low of $15.47 and a one year high of $24.24.

In related news, insider David Baazov sold 2,700,000 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of C$22.00, for a total value of C$59,400,000.00. Also, Director Daniel Yaacov Sebag sold 110,200 shares of the stock in a transaction dated Monday, March 27th. The stock was sold at an average price of C$22.75, for a total transaction of C$2,507,050.00. Insiders have sold 12,349,585 shares of company stock worth $275,637,256 in the last three months.

Amaya Company Profile

Amaya Inc is a Canada-based provider of technology-based products and services in the global gaming and interactive entertainment industries. The Company’s business-to-consumer (B2C) business consists of the operations of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group).

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