B. Riley Comments on PlayAGS Inc’s FY2024 Earnings (NYSE:AGS)

PlayAGS Inc (NYSE:AGS) – Investment analysts at B. Riley decreased their FY2024 EPS estimates for PlayAGS in a research note issued to investors on Sunday, September 8th. B. Riley analyst D. Bain now forecasts that the company will earn $0.49 per share for the year, down from their prior estimate of $0.55. B. Riley has a “Neutral” rating and a $12.50 price target 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.

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

PlayAGS Trading Down 0.2 %

PlayAGS stock opened at $11.27 on Wednesday. PlayAGS has a 52 week low of $6.27 and a 52 week high of $11.75. The company has a debt-to-equity ratio of 7.65, a quick ratio of 2.43 and a current ratio of 3.06. The firm has a market capitalization of $453.50 million, a PE ratio of 93.92 and a beta of 2.36. The business’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $10.49.

PlayAGS (NYSE:AGS) last announced its 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). PlayAGS had a return on equity of 6.89% and a net margin of 1.25%. The firm had revenue of $96.74 million during the quarter, compared to the consensus estimate of $94.93 million.

Institutional Investors Weigh In On PlayAGS

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD acquired a new position in PlayAGS during the 1st quarter worth about $96,000. Harbor Capital Advisors Inc. lifted its position 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 worth $172,000 after purchasing an additional 5,906 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 valued at $178,000 after purchasing an additional 1,973 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in PlayAGS in the 2nd quarter worth approximately $181,000. Finally, Jump Financial LLC lifted its holdings in PlayAGS by 114.2% during the 4th quarter. Jump Financial LLC now owns 28,292 shares of the company’s stock worth $239,000 after buying an additional 15,082 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

PlayAGS Company Profile

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.