B. Riley Has Pessimistic Outlook of PlayAGS FY2024 Earnings

PlayAGS Inc (NYSE:AGS) – Equities research analysts at B. Riley lowered their FY2024 earnings per share estimates for shares of 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 previous estimate of $0.49. B. Riley has a “Neutral” rating and a $12.50 price objective 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) last issued 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 Price Performance

Shares of NYSE AGS opened at $11.66 on Tuesday. The firm has a market cap of $468.97 million, a price-to-earnings ratio of 105.95 and a beta of 2.35. The company’s 50-day simple moving average is $11.46 and its 200-day simple moving average is $11.20. The company has a quick ratio of 2.43, a current ratio of 3.06 and a debt-to-equity ratio of 7.65. PlayAGS has a 52-week low of $6.76 and a 52-week high of $11.75.

Institutional Investors Weigh In On PlayAGS

Several institutional investors have recently bought and sold shares of the company. Emerald Advisers LLC lifted its position in shares of PlayAGS by 193.4% in the third quarter. Emerald Advisers LLC now owns 6,623 shares of the company’s stock valued at $75,000 after acquiring an additional 4,366 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in PlayAGS in the 1st quarter valued at $96,000. SG Americas Securities LLC purchased a new position in PlayAGS in the 3rd quarter valued at $150,000. Harbor Capital Advisors Inc. boosted its stake 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. Finally, The Manufacturers Life Insurance Company grew its holdings 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 buying an additional 1,973 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.

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.