Amaya Inc Forecasted to Earn FY2017 Earnings of $2.66 Per Share (AYA)
Amaya Inc (TSE:AYA) – Stock analysts at Cormark raised their FY2017 earnings per share estimates for Amaya in a report issued on Tuesday. Cormark analyst D. Mcfadgen now expects that the brokerage will post earnings of $2.66 per share for the year, up from their prior estimate of $2.60.
Separately, Dundee Securities decreased their price objective on Amaya from C$26.00 to C$24.00 and set a “buy” rating for the company in a research report on Tuesday, August 16th.
Shares of Amaya (TSE:AYA) traded down 6.20% during mid-day trading on Thursday, reaching $21.50. 636,573 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $20.80 and a 200-day moving average price of $19.10. The company has a market capitalization of $3.11 billion and a P/E ratio of 45.45. Amaya has a 1-year low of $13.71 and a 1-year high of $31.40.
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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