B. Riley Has Negative Outlook for PlayAGS Q3 Earnings

PlayAGS Inc (NYSE:AGS) – Analysts at B. Riley cut their Q3 2024 earnings estimates for shares of PlayAGS in a research report issued on Sunday, November 3rd. B. Riley analyst D. Bain now expects that the company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.17. 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 $0.38 per share. B. Riley also issued estimates for PlayAGS’s Q4 2024 earnings at $0.15 EPS.

PlayAGS Trading Down 0.0 %

AGS opened at $11.64 on Wednesday. PlayAGS has a fifty-two week low of $6.76 and a fifty-two week high of $11.75. The company has a debt-to-equity ratio of 7.65, a current ratio of 3.06 and a quick ratio of 2.43. The firm has a market capitalization of $468.19 million, a price-to-earnings ratio of 105.78 and a beta of 2.35. The company’s 50 day moving average price is $11.48 and its two-hundred day moving average price is $11.20.

PlayAGS (NYSE:AGS) last posted its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share 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 business had revenue of $96.74 million for the quarter, compared to the consensus estimate of $94.93 million.

Institutional Investors Weigh In On PlayAGS

Institutional investors have recently modified their holdings of the company. Emerald Advisers LLC boosted its stake in shares of PlayAGS by 193.4% in the 3rd quarter. Emerald Advisers LLC now owns 6,623 shares of the company’s stock valued at $75,000 after purchasing an additional 4,366 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of PlayAGS in the 1st quarter valued at $96,000. SG Americas Securities LLC bought a new stake in shares of PlayAGS in the 3rd quarter valued at $150,000. Harbor Capital Advisors Inc. boosted its stake in shares of PlayAGS by 65.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,989 shares of the company’s stock valued at $172,000 after purchasing an additional 5,906 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in 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 in the last quarter. 77.44% of the stock is owned by institutional investors.

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.