Zacks: Brokerages Expect Playags Inc (AGS) Will Post Quarterly Sales of $65.09 Million

Brokerages forecast that Playags Inc (NYSE:AGS) will report $65.09 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Playags’ earnings, with the highest sales estimate coming in at $67.00 million and the lowest estimate coming in at $63.64 million. The business is expected to issue its next earnings results on Thursday, August 2nd.

On average, analysts expect that Playags will report full year sales of $264.51 million for the current fiscal year, with estimates ranging from $259.73 million to $267.80 million. For the next year, analysts forecast that the business will report sales of $290.48 million per share, with estimates ranging from $284.32 million to $294.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Playags.

Playags (NYSE:AGS) last announced its quarterly earnings results on Thursday, May 3rd. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.02. The company had revenue of $64.86 million during the quarter, compared to analyst estimates of $60.83 million.



A number of research analysts recently commented on AGS shares. Stifel Nicolaus started coverage on shares of Playags in a research note on Tuesday, February 20th. They issued a “buy” rating and a $24.00 price target on the stock. Bank of America started coverage on shares of Playags in a research note on Tuesday, February 20th. They issued a “buy” rating and a $23.50 price target on the stock. SunTrust Banks started coverage on shares of Playags in a research note on Tuesday, February 20th. They issued a “buy” rating and a $23.00 price target on the stock. Deutsche Bank started coverage on shares of Playags in a research note on Tuesday, February 20th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, ValuEngine upgraded shares of Playags from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.75.

Large investors have recently made changes to their positions in the business. Alambic Investment Management L.P. acquired a new position in shares of Playags during the 1st quarter worth approximately $664,000. American Century Companies Inc. acquired a new position in shares of Playags during the 1st quarter worth approximately $6,448,000. RWC Asset Management LLP acquired a new position in shares of Playags during the 1st quarter worth approximately $7,052,000. Brinker Capital Inc. acquired a new position in shares of Playags during the 1st quarter worth approximately $223,000. Finally, Spark Investment Management LLC acquired a new position in shares of Playags during the 1st quarter worth approximately $351,000.

Playags traded down $0.32, reaching $24.13, on Tuesday, according to Marketbeat.com. The company had a trading volume of 1,300 shares, compared to its average volume of 382,608. Playags has a fifty-two week low of $16.66 and a fifty-two week high of $25.99. The firm has a market cap of $857.71 million and a P/E ratio of -12.53. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.08 and a current ratio of 2.91.

About Playags

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

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Earnings History and Estimates for Playags (NYSE:AGS)

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