PlayAGS Inc (NYSE:AGS - Free Report) - B. Riley decreased their Q3 2024 earnings estimates for shares of PlayAGS in a research note issued to investors on Sunday, November 3rd. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.17. B. Riley currently has a "Neutral" rating and a $12.50 target price on the stock. The consensus estimate for PlayAGS's current full-year earnings is $0.41 per share. B. Riley also issued estimates for PlayAGS's Q4 2024 earnings at $0.15 EPS.
PlayAGS (NYSE:AGS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.10). PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. The company had revenue of $96.74 million during the quarter, compared to analysts' expectations of $94.93 million.
PlayAGS Trading Down 0.2 %
NYSE:AGS traded down $0.02 during midday trading on Wednesday, hitting $11.64. 316,354 shares of the company traded hands, compared to its average volume of 355,743. The company has a current ratio of 3.06, a quick ratio of 2.43 and a debt-to-equity ratio of 7.65. The firm's fifty day moving average is $11.46 and its 200-day moving average is $11.20. The firm has a market capitalization of $468.37 million, a P/E ratio of 105.95 and a beta of 2.35. PlayAGS has a 12-month low of $6.76 and a 12-month high of $11.75.
Hedge Funds Weigh In On PlayAGS
Several hedge funds have recently added to or reduced their stakes in AGS. Emerald Advisers LLC lifted its position in shares of PlayAGS by 193.4% during the third quarter. Emerald Advisers LLC now owns 6,623 shares of the company's stock worth $75,000 after purchasing an additional 4,366 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in PlayAGS during the 1st quarter valued at about $96,000. SG Americas Securities LLC purchased a new stake in PlayAGS in the 3rd quarter valued at about $150,000. Harbor Capital Advisors Inc. grew its stake in PlayAGS by 65.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company's stock worth $172,000 after acquiring an additional 5,906 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of PlayAGS by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company's stock worth $178,000 after acquiring an additional 1,973 shares during the period. 77.44% of the stock is currently owned by institutional investors.
PlayAGS Company Profile
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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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