FY2024 EPS Estimates for PlayAGS Inc (NYSE:AGS) Decreased by Analyst

PlayAGS Inc (NYSE:AGS) – Investment analysts at B. Riley cut their FY2024 earnings per share estimates for shares of PlayAGS in a research note issued on Sunday, September 8th. B. Riley analyst D. Bain now expects that the company will earn $0.49 per share for the year, down from their prior estimate of $0.55. 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 $0.45 per share. B. Riley also issued estimates for PlayAGS’s Q2 2025 earnings at $0.21 EPS.

PlayAGS (NYSE:AGS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.10). PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. The firm had revenue of $96.74 million for the quarter, compared to analyst estimates of $94.93 million.

Separately, Stifel Nicolaus lowered shares of PlayAGS from a “buy” rating to a “hold” rating and lifted their price target for the company from $12.00 to $12.50 in a report on Thursday, May 23rd.

PlayAGS Stock Performance

PlayAGS stock opened at $11.31 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 3.06 and a debt-to-equity ratio of 7.65. The stock has a market cap of $446.24 million, a PE ratio of 94.25 and a beta of 2.36. PlayAGS has a 12-month low of $6.27 and a 12-month high of $11.75. The business’s 50-day moving average price is $11.36 and its two-hundred day moving average price is $10.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AGS. Price T Rowe Associates Inc. MD bought a new position in shares of PlayAGS during the first quarter valued at $96,000. Harbor Capital Advisors Inc. raised its position in PlayAGS by 65.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock worth $172,000 after purchasing an additional 5,906 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in PlayAGS by 14.6% during the 2nd 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. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of PlayAGS in the 2nd quarter valued at about $181,000. Finally, Jump Financial LLC increased its stake in shares of PlayAGS by 114.2% in the fourth quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock valued at $239,000 after buying an additional 15,082 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

About PlayAGS

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.