PlayAGS (NYSE:AGS) Posts Earnings Results, Misses Expectations By $0.19 EPS

PlayAGS (NYSE:AGS) posted its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.19), Briefing.com reports. PlayAGS had a negative net margin of 4.62% and a negative return on equity of 0.72%. The company had revenue of $79.38 million during the quarter, compared to analyst estimates of $78.36 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.

NYSE AGS traded down $0.85 during trading hours on Friday, reaching $11.82. The company’s stock had a trading volume of 486,974 shares, compared to its average volume of 441,680. The firm has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $15.87. The stock has a market cap of $446.57 million, a P/E ratio of -78.80, a P/E/G ratio of 32.81 and a beta of 1.19. PlayAGS has a 52 week low of $6.05 and a 52 week high of $27.85. The company has a debt-to-equity ratio of 4.00, a current ratio of 2.04 and a quick ratio of 1.47.

A number of equities research analysts have recently weighed in on AGS shares. Union Gaming Research downgraded shares of PlayAGS from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on shares of PlayAGS from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. SunTrust Banks reduced their price target on shares of PlayAGS to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America downgraded shares of PlayAGS from a “buy” rating to an “underperform” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank downgraded shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their price target for the company from $31.00 to $18.00 in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.14.

In other PlayAGS news, CEO David Lopez acquired 4,700 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $10.51 per share, for a total transaction of $49,397.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider (Tony) Lethlean Anthony sold 881,252 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $0.14, for a total transaction of $123,375.28. In the last quarter, insiders purchased 17,028 shares of company stock valued at $179,853. 2.40% of the stock is owned by company insiders.

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 for PlayAGS (NYSE:AGS)

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