B. Riley Has Bearish Estimate for PlayAGS FY2024 Earnings

PlayAGS Inc (NYSE:AGS) – Analysts at B. Riley reduced their FY2024 earnings estimates for shares of PlayAGS in a note issued to investors on Sunday, November 3rd. B. Riley analyst D. Bain now expects that the company will earn $0.40 per share for the year, down from their previous estimate of $0.49. B. Riley has a “Neutral” rating and a $12.50 price objective on the stock. The consensus estimate for PlayAGS’s current full-year earnings is $0.41 per share. B. Riley also issued estimates for PlayAGS’s Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.90 EPS.

PlayAGS (NYSE:AGS) last posted 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.

PlayAGS Price Performance

NYSE AGS opened at $11.65 on Tuesday. PlayAGS has a 52 week low of $6.76 and a 52 week high of $11.75. The company has a current ratio of 3.06, a quick ratio of 2.43 and a debt-to-equity ratio of 7.65. The stock has a market cap of $468.80 million, a price-to-earnings ratio of 105.83 and a beta of 2.35. The company has a 50-day moving average price of $11.45 and a two-hundred day moving average price of $11.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of PlayAGS by 3.4% in the first quarter. Vanguard Group Inc. now owns 2,164,855 shares of the company’s stock valued at $19,440,000 after acquiring an additional 70,799 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of PlayAGS by 15.1% in the second quarter. Renaissance Technologies LLC now owns 1,771,742 shares of the company’s stock valued at $20,375,000 after acquiring an additional 232,500 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of PlayAGS in the second quarter valued at approximately $17,605,000. Water Island Capital LLC bought a new position in shares of PlayAGS in the second quarter valued at approximately $10,432,000. Finally, Boston Partners boosted its holdings in shares of PlayAGS by 214.2% in the first quarter. Boston Partners now owns 827,069 shares of the company’s stock valued at $7,426,000 after acquiring an additional 563,843 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

About PlayAGS

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.