Analysts Expect Accel Entertainment (NASDAQ:ACEL) Will Announce Quarterly Sales of $12.82 Million

Brokerages predict that Accel Entertainment (NASDAQ:ACEL) will announce sales of $12.82 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Accel Entertainment’s earnings, with estimates ranging from $7.23 million to $18.40 million. The firm is expected to report its next quarterly earnings results on Friday, August 7th.

According to Zacks, analysts expect that Accel Entertainment will report full-year sales of $313.85 million for the current financial year, with estimates ranging from $288.39 million to $339.30 million. For the next year, analysts anticipate that the business will post sales of $519.38 million, with estimates ranging from $508.46 million to $530.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Accel Entertainment.

Accel Entertainment (NASDAQ:ACEL) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $105.23 million for the quarter, compared to analysts’ expectations of $97.80 million.

A number of brokerages have weighed in on ACEL. Zacks Investment Research upgraded Accel Entertainment from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, May 27th. Northland Securities began coverage on Accel Entertainment in a report on Friday. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Deutsche Bank began coverage on Accel Entertainment in a report on Monday, June 8th. They issued a “hold” rating and a $11.00 price objective on the stock.

ACEL stock traded down $0.69 during midday trading on Monday, reaching $8.99. The stock had a trading volume of 5,096,000 shares, compared to its average volume of 318,048. The company’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $10.38. Accel Entertainment has a 52-week low of $5.22 and a 52-week high of $13.35.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Accel Entertainment during the 1st quarter worth $28,000. Fort Baker Capital Management LP acquired a new stake in shares of Accel Entertainment during the 4th quarter worth about $40,000. Trexquant Investment LP acquired a new stake in shares of Accel Entertainment during the 4th quarter worth about $154,000. GSA Capital Partners LLP acquired a new stake in shares of Accel Entertainment during the 1st quarter worth about $195,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Accel Entertainment during the 4th quarter worth about $197,000.

Accel Entertainment Company Profile

Accel Entertainment Gaming, LLC owns and operates video gaming stores. It installs gaming terminals in the United States. The company was founded in 2009 and is based in Lemont, Illinois.

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