Amaya Inc to Post FY2016 Earnings of $2.43 Per Share, Cormark Forecasts (AYA)
Amaya Inc (TSE:AYA) – Equities researchers at Cormark lifted their FY2016 earnings per share (EPS) estimates for shares of Amaya in a research report issued to clients and investors on Tuesday. Cormark analyst D. Mcfadgen now expects that the firm will earn $2.43 per share for the year, up from their prior forecast of $2.38.
Separately, Dundee Securities decreased their target price on shares of Amaya from C$26.00 to C$24.00 and set a “buy” rating for the company in a report on Tuesday, August 16th.
Shares of Amaya (TSE:AYA) traded up 0.80% during trading on Wednesday, reaching $22.79. 268,187 shares of the company traded hands. The firm has a market capitalization of $3.30 billion and a PE ratio of 48.18. The firm has a 50-day moving average price of $20.72 and a 200-day moving average price of $19.07. Amaya has a 12 month low of $13.71 and a 12 month high of $31.75.
Amaya Inc is a Canada-based provider of technology-based products and services in the global gaming and interactive entertainment industries. The Company’s business-to-consumer (B2C) business consists of the operations of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group).
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