Zacks: Brokerages Anticipate PlayAGS Inc (AGS) Will Announce Quarterly Sales of $69.89 Million

Wall Street brokerages expect PlayAGS Inc (NYSE:AGS) to report sales of $69.89 million for the current quarter, according to Zacks. Five analysts have made estimates for PlayAGS’s earnings. The highest sales estimate is $71.00 million and the lowest is $69.14 million. PlayAGS posted sales of $57.66 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The company is expected to announce its next quarterly earnings results on Wednesday, March 13th.

On average, analysts expect that PlayAGS will report full-year sales of $283.09 million for the current financial year, with estimates ranging from $282.34 million to $284.20 million. For the next financial year, analysts forecast that the company will report sales of $311.99 million, with estimates ranging from $306.26 million to $320.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow PlayAGS.

PlayAGS (NYSE:AGS) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $71.80 million during the quarter, compared to analysts’ expectations of $69.06 million. PlayAGS had a negative net margin of 7.02% and a negative return on equity of 10.81%. The company’s quarterly revenue was up 34.7% on a year-over-year basis.

A number of research analysts have recently issued reports on AGS shares. Jefferies Financial Group upgraded shares of PlayAGS from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $36.00 in a research note on Friday, August 10th. ValuEngine cut shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. SunTrust Banks reiterated a “buy” rating and issued a $35.00 target price on shares of PlayAGS in a research note on Sunday, August 12th. Stifel Nicolaus lifted their target price on shares of PlayAGS from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, Credit Suisse Group started coverage on shares of PlayAGS in a research note on Tuesday, August 14th. They issued an “outperform” rating and a $35.00 target price for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. PlayAGS presently has an average rating of “Buy” and an average price target of $33.38.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PlayAGS by 51.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,055,404 shares of the company’s stock worth $31,103,000 after purchasing an additional 359,451 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in PlayAGS by 111.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 74,763 shares of the company’s stock worth $2,203,000 after purchasing an additional 39,421 shares during the last quarter. Teachers Advisors LLC raised its position in PlayAGS by 52.5% in the 3rd quarter. Teachers Advisors LLC now owns 40,857 shares of the company’s stock worth $1,204,000 after purchasing an additional 14,068 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in PlayAGS in the 3rd quarter worth approximately $461,000. Finally, Castleark Management LLC raised its position in PlayAGS by 16.1% in the 3rd quarter. Castleark Management LLC now owns 237,555 shares of the company’s stock worth $7,001,000 after purchasing an additional 33,005 shares during the last quarter.

NYSE:AGS opened at $23.79 on Friday. PlayAGS has a 1 year low of $16.66 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 3.37, a current ratio of 2.94 and a quick ratio of 2.16. The company has a market capitalization of $797.55 million and a PE ratio of -12.26.

About PlayAGS

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 and Estimates for PlayAGS (NYSE:AGS)

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