Stock analysts expect Accel Entertainment, Inc. (NYSE:ACEL – Get a rating) will post sales of $197.21 million for the current quarter, according to Zacks. Three analysts provided earnings estimates for Accel Entertainment. The highest sales estimate is $200.40 million and the lowest is $194.25 million. Accel Entertainment reported sales of $147.07 million in the same quarter last year, indicating a positive year-over-year growth rate of 34.1%. The company is expected to release its next earnings report on Monday, January 1.

On average, analysts expect Accel Entertainment to report annual sales of $937.56 million for the current fiscal year, with estimates ranging from $845.00 to $985.65 million. For the next fiscal year, analysts expect the company to report sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.21 billion. Zacks sales calculations are an average based on a survey of sell-side analysts who provide coverage for Accel Entertainment.

Separately, Zacks Investment Research downgraded Accel Entertainment shares from a “buy” rating to a “hold” rating in a research note on Monday, March 14. Two research analysts rated the stock with a hold rating and three assigned the stock a buy rating. Based on data from MarketBeat, Accel Entertainment currently has a consensus rating of “Buy” and a consensus target price of $16.50.

ACEL stock opened at $12.01 on Friday. The company has a 50-day moving average of $12.87 and a 200-day moving average of $12.78. The company has a market capitalization of $1.11 billion, a P/E ratio of 36.39 and a beta of 1.11. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt ratio of 2.04. Accel Entertainment has a 12 month minimum of $10.41 and a 12 month maximum of $14.10.

In other Accel Entertainment news, Director Karl M. Peterson sold 25,000 shares of Accel Entertainment in a transaction that took place on Tuesday, January 25. The shares were sold at an average price of $12.01, for a total transaction of $300,250.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Additionally, director David W. Ruttenberg sold 6,400 shares of the company in a transaction that took place on Monday, April 18. The stock was sold at an average price of $12.51, for a total transaction of $80,064.00. Following completion of the transaction, the administrator now owns 620,127 shares of the company, valued at approximately $7,757,788.77. Disclosure of this sale can be found here. Insiders have sold 213,280 shares of the company worth $2,679,404 in the past three months. Insiders hold 18.77% of the company’s shares.

Institutional investors have recently changed their stake in the company. Crescent Park Management LP increased its holdings of Accel Entertainment shares by 6.5% in the third quarter. Crescent Park Management LP now owns 3,591,613 shares of the company worth $43,602,000 after purchasing an additional 220,626 shares in the last quarter. American Century Companies Inc. increased its holdings of Accel Entertainment shares by 2.0% in the third quarter. American Century Companies Inc. now owns 4,147,847 shares of the company worth $50,355,000 after purchasing an additional 79,993 shares in the last quarter. Victory Capital Management Inc. increased its holdings of Accel Entertainment shares by 139.2% in the third quarter. Victory Capital Management Inc. now owns 25,696 shares of the company worth $312,000 after purchasing an additional 14,953 shares in the last quarter. Hsbc Holdings PLC increased its holdings of Accel Entertainment shares by 24.0% in the third quarter. Hsbc Holdings PLC now owns 18,052 shares in the company worth $218,000 after buying 3,489 additional shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Accel Entertainment stock in the third quarter worth approximately $251,000. Hedge funds and other institutional investors hold 38.93% of the company’s shares.

Accel Entertainment Company Profile (Get a rating)

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed games operator in the United States. It is involved in the installation, maintenance and operation of gaming terminals; redemption devices that pay out winnings and contain automated teller machine (ATM) functionality; and other amusement 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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