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B. Riley Has Pessimistic Outlook of PlayAGS FY2024 Earnings

PlayAGS logo with Consumer Discretionary background

PlayAGS Inc (NYSE:AGS - Free Report) - B. Riley dropped their FY2024 EPS estimates for PlayAGS in a report released on Sunday, November 3rd. B. Riley analyst D. Bain now forecasts that the company will earn $0.40 per share for the year, down from their prior forecast of $0.49. 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 Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.90 EPS.

PlayAGS (NYSE:AGS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.10). The company had revenue of $96.74 million during the quarter, compared to analysts' expectations of $94.93 million. PlayAGS had a return on equity of 6.89% and a net margin of 1.25%.

PlayAGS Stock Performance

Shares of AGS stock remained flat at $11.66 on Tuesday. 121,787 shares of the company were exchanged, compared to its average volume of 355,927. The stock's 50-day simple moving average is $11.46 and its two-hundred day simple moving average is $11.18. PlayAGS has a 1 year low of $6.76 and a 1 year high of $11.75. The stock has a market capitalization of $468.97 million, a P/E ratio of 105.82 and a beta of 2.35. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43.

Institutional Trading of PlayAGS

A number of large investors have recently made changes to their positions in AGS. Emerald Advisers LLC grew its position in PlayAGS by 193.4% in the third quarter. Emerald Advisers LLC now owns 6,623 shares of the company's stock worth $75,000 after acquiring an additional 4,366 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in PlayAGS in the first quarter worth about $96,000. SG Americas Securities LLC purchased a new position in shares of PlayAGS during the third quarter valued at approximately $150,000. Harbor Capital Advisors Inc. grew its stake in shares of PlayAGS by 65.0% during the second quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company's stock valued at $172,000 after buying an additional 5,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of PlayAGS by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 15,489 shares of the company's stock worth $178,000 after buying an additional 1,973 shares during the period. 77.44% of the stock is currently owned by institutional investors.

PlayAGS Company Profile

(Get Free Report)

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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