Amaya Inc (NYSE:AYA) updated its FY16 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.78-1.83 for the period, compared to the Thomson Reuters consensus estimate of $2.27. The company issued revenue guidance of $1.137-1.157 billion, compared to the consensus revenue estimate of $1.54 billion.

Separately, Zacks Investment Research downgraded Amaya from a strong-buy rating to a hold rating in a report on Friday, October 21st.

Earnings History and Estimates for Amaya (NYSE:AYA)

Shares of Amaya Inc (NYSE:AYA) opened at 13.60 on Monday. The company has a market capitalization of $1.97 billion and a P/E ratio of 28.75. Amaya Inc has a 1-year low of $9.67 and a 1-year high of $17.57. The firm’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.87.

Amaya (NYSE:AYA) last issued its earnings results on Monday, November 14th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm earned $270.85 million during the quarter, compared to analysts’ expectations of $281.86 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Amaya’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts expect that Amaya Inc will post $1.67 EPS for the current year.

An institutional investor recently raised its position in Amaya stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amaya Inc (NYSE:AYA) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,152 shares of the company’s stock after buying an additional 920 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amaya were worth $148,000 as of its most recent filing with the SEC.

5 Day Chart for NYSE:AYA

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