Equities analysts expect PlayAGS Inc (NYSE:AGS) to report sales of $78.60 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for PlayAGS’s earnings, with the highest sales estimate coming in at $80.60 million and the lowest estimate coming in at $75.94 million. PlayAGS reported sales of $72.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 9%. The company is expected to report its next earnings results after the market closes on Wednesday, March 4th.
On average, analysts expect that PlayAGS will report full year sales of $305.54 million for the current fiscal year, with estimates ranging from $302.87 million to $307.50 million. For the next fiscal year, analysts forecast that the company will post sales of $326.31 million, with estimates ranging from $317.61 million to $330.80 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover PlayAGS.
A number of research firms have recently weighed in on AGS. Zacks Investment Research downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. ValuEngine upgraded shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.50.
A number of large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position in PlayAGS by 5.4% during the 4th quarter. Sei Investments Co. now owns 25,838 shares of the company’s stock worth $313,000 after buying an additional 1,332 shares during the period. Swiss National Bank boosted its position in PlayAGS by 3.4% during the 4th quarter. Swiss National Bank now owns 54,300 shares of the company’s stock worth $659,000 after buying an additional 1,800 shares during the period. Quadrant Capital Group LLC acquired a new stake in PlayAGS during the 3rd quarter worth approximately $27,000. Great West Life Assurance Co. Can acquired a new stake in PlayAGS during the 4th quarter worth approximately $49,000. Finally, Boston Partners acquired a new stake in PlayAGS during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 97.87% of the company’s stock.
AGS opened at $9.75 on Friday. The company’s 50 day moving average is $10.80 and its 200-day moving average is $11.34. PlayAGS has a 1-year low of $6.05 and a 1-year high of $27.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.41 and a current ratio of 1.92.
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.
See Also: Cost of Goods Sold (COGS)
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