Wall Street brokerages forecast that PlayAGS Inc (NYSE:AGS) will post sales of $9.22 million for the current quarter, Zacks reports. Six analysts have provided estimates for PlayAGS’s earnings, with the lowest sales estimate coming in at $4.00 million and the highest estimate coming in at $12.83 million. PlayAGS reported sales of $74.51 million during the same quarter last year, which indicates a negative year over year growth rate of 87.6%. The firm is scheduled to report its next earnings results on Wednesday, August 5th.

According to Zacks, analysts expect that PlayAGS will report full year sales of $134.09 million for the current financial year, with estimates ranging from $112.70 million to $159.70 million. For the next financial year, analysts expect that the firm will report sales of $223.64 million, with estimates ranging from $203.50 million to $252.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for PlayAGS.

PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.33). PlayAGS had a negative net margin of 9.12% and a negative return on equity of 16.81%. The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $69.97 million.

AGS has been the topic of a number of recent analyst reports. Union Gaming Research upgraded shares of PlayAGS from a “hold” rating to a “buy” rating in a report on Friday, May 8th. SunTrust Banks lowered shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $4.00 in a research report on Wednesday, May 6th. Deutsche Bank reduced their price target on shares of PlayAGS from $9.00 to $5.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Zacks Investment Research lowered shares of PlayAGS from a “hold” rating to a “sell” rating in a research report on Monday, June 29th. Finally, ValuEngine raised shares of PlayAGS from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. PlayAGS has a consensus rating of “Hold” and an average price target of $14.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in PlayAGS during the 1st quarter valued at approximately $30,000. Nisa Investment Advisors LLC purchased a new position in shares of PlayAGS during the first quarter valued at $34,000. Jane Street Group LLC purchased a new position in shares of PlayAGS during the first quarter valued at $35,000. Great West Life Assurance Co. Can purchased a new position in shares of PlayAGS during the fourth quarter valued at $49,000. Finally, Citigroup Inc. grew its holdings in shares of PlayAGS by 524.9% during the fourth quarter. Citigroup Inc. now owns 8,249 shares of the company’s stock valued at $100,000 after buying an additional 6,929 shares in the last quarter. 85.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:AGS traded up $0.02 during trading on Wednesday, reaching $3.65. The stock had a trading volume of 468,100 shares, compared to its average volume of 726,610. PlayAGS has a one year low of $0.70 and a one year high of $21.59. The company has a market capitalization of $129.95 million, a P/E ratio of -4.93 and a beta of 2.85. The company has a current ratio of 3.00, a quick ratio of 2.11 and a debt-to-equity ratio of 4.96. The firm’s 50-day simple moving average is $4.45 and its 200 day simple moving average is $6.58.

PlayAGS Company Profile

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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