$ 0.21 in earnings per share expected for Accel Entertainment, Inc. (NYSE: ACEL) this quarter
Brokerages expect Accel Entertainment, Inc. (NYSE: ACEL) to report earnings per share of $ 0.21 for the current fiscal quarter, according to Zack. Three analysts have released estimates for Accel Entertainment’s earnings, with the highest EPS estimate being $ 0.27 and the lowest estimate being $ 0.16. Accel Entertainment reported earnings per share of ($ 0.17) for the same quarter last year, which would indicate a positive year-over-year growth rate of 223.5%. The company is expected to report its next quarterly results on Thursday, August 5.
On average, analysts expect Accel Entertainment to report annual earnings of $ 0.62 per share for the current year, with EPS estimates ranging from $ 0.45 to $ 0.71. For the next fiscal year, analysts expect the company to post earnings of $ 0.93 per share, with EPS estimates ranging from $ 0.72 to $ 1.14. Zacks’ earnings per share calculations are an average based on a survey of seller-side research companies that cover Accel Entertainment.
Accel Entertainment (NYSE: ACEL) last released its results on Tuesday, March 16. The company reported ($ 0.04) EPS for the quarter, missing analyst consensus estimates of ($ 0.01) by ($ 0.03). Accel Entertainment recorded a positive return on equity of 6.21% and a negative net margin of 2.66%. The company posted revenue of $ 74.41 million in the quarter, compared to a consensus estimate of $ 70.60 million.
A number of research companies have recently published reports on ACEL. Northland Securities raised its price target for Accel Entertainment shares from $ 15.00 to $ 20.00 and gave the company an “outperformance” rating in a report released on Wednesday, May 12. JPMorgan Chase & Co. began covering shares of Accel Entertainment in a report on Thursday, April 8. They set an “overweight” rating and a target price of $ 13.00 on the stock. Zacks investment research raised Accel Entertainment’s stock from a “sell” rating to a “keep” rating and set a price target of $ 15.00 on the stock in a research report on Thursday, May 13. Deutsche Bank Aktiengesellschaft raised its price target for Accel Entertainment shares from $ 13.00 to $ 14.00 and gave the company a “conservation” rating in a research report published on Wednesday, May 12. Finally, Macquarie raised its price target on Accel Entertainment shares from $ 13.00 to $ 14.00 and gave the company a “neutral” rating in a research report on Thursday. Three investment analysts gave the stock a conservation rating and three gave the stock a buy rating. Accel Entertainment currently has an average “Buy” rating and a consensus price target of $ 15.25.
In addition, director David W. Ruttenberg sold 22,000 shares of the company in a transaction on Tuesday, June 1. The shares were sold for an average price of $ 13.03, for a total value of $ 286,660.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, director Gordon Rubenstein sold 5,000 shares of the company in a trade on Monday, March 22. The stock was sold for an average price of $ 10.50, for a total trade of $ 52,500.00. Disclosure of this sale can be found here. Insiders sold 224,397 shares of the company valued at $ 2,714,373 in the past three months. Insiders hold 18.76% of the company’s shares.
A number of large investors have recently increased or reduced their stakes in the stock. Fairview Capital Investment Management LLC increased its stake in Accel Entertainment by 0.7% during the 1st quarter. Fairview Capital Investment Management LLC now owns 6,694,687 shares of the company valued at $ 73,172,000 after purchasing an additional 47,500 shares in the last quarter. Greenvale Capital LLP increased its stake in Accel Entertainment by 15.1% during the 1st quarter. Greenvale Capital LLP now owns 5,179,051 shares of the company valued at $ 56,607,000 after purchasing an additional 679,051 shares during the last quarter. BlackRock Inc. increased its stake in Accel Entertainment shares by 17.4% in the 1st quarter. BlackRock Inc. now owns 4,355,733 shares of the company valued at $ 47,608,000 after purchasing an additional 645,504 shares in the last quarter. Crescent Park Management LP increased its stake in Accel Entertainment shares by 0.5% in the 1st quarter. Crescent Park Management LP now owns 3,747,227 shares of the company valued at $ 40,957,000 after purchasing an additional 19,779 shares in the last quarter. Finally, Advisory Research Inc. increased its stake in Accel Entertainment shares by 21.6% in the 1st quarter. Advisory Research Inc. now owns 1,297,401 shares of the company valued at $ 14,181,000 after purchasing an additional 230,231 shares in the last quarter. Hedge funds and other institutional investors hold 47.93% of the company’s shares.
NYSE ACEL open for $ 12.88 on Mondays. Accel Entertainment has a 12-month low of $ 7.34 and a 12-month high of $ 15.11. The stock has a 50-day simple moving average of $ 12.31. The company has a debt to equity ratio of 2.60, a current ratio of 3.34, and a quick ratio of 3.34. The company has a market cap of $ 1.20 billion, a P / E ratio of -99.07 and a beta of 1.32.
About Accel Entertainment
Accel Entertainment, Inc., along with its subsidiaries, operates as an operator of distributed games in the United States. It is involved in the installation, maintenance and operation of video game terminals; exchange devices that pay out winnings and contain automated teller machine (ATM) functionality; and other entertainment devices in licensed locations other than casinos, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops and grocery stores.
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