Accel Entertainment (NYSE:ACEL - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.04), Zacks reports. Accel Entertainment had a return on equity of 35.26% and a net margin of 3.54%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $306.07 million.
Accel Entertainment Price Performance
Shares of Accel Entertainment stock traded down $0.10 during midday trading on Monday, hitting $10.68. 272,364 shares of the company were exchanged, compared to its average volume of 246,478. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The firm has a market cap of $879.01 million, a P/E ratio of 20.89 and a beta of 1.46. Accel Entertainment has a 52 week low of $9.37 and a 52 week high of $12.96. The firm has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $11.40.
Insider Buying and Selling
In related news, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the completion of the sale, the director now directly owns 335,635 shares of the company's stock, valued at $4,145,092.25. This trade represents a 6.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark T. Phelan sold 9,577 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.65, for a total value of $111,572.05. Following the sale, the insider now directly owns 189,788 shares of the company's stock, valued at $2,211,030.20. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,577 shares of company stock worth $1,090,072 in the last 90 days. 19.17% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Macquarie raised their price objective on Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Friday.
Check Out Our Latest Research Report on ACEL
About Accel Entertainment
(
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Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.
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