FY2022 Earnings Forecast for Accel Entertainment, Inc. (NYSE:ACEL) Issued By Northland Capmk

Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) – Stock analysts at Northland Capmk cut their FY2022 earnings per share (EPS) estimates for shares of Accel Entertainment in a research report issued to clients and investors on Wednesday, November 9. Northland Capmk analyst G. Gibas now forecasts that the company will earn $0.84. per share for the year, down from their previous forecast of $0.91. The consensus estimate for Accel Entertainment’s full-year earnings is $0.88 per share. Northland Capmk also issued estimates for Accel Entertainment’s Q4 2022 earnings at $0.20 EPS and FY2023 earnings at $0.86 EPS.

Separately, Macquarie decreased their target price on Accel Entertainment from $14.00 to $16.00 and set an “outperform” rating for the company in a research report on Wednesday.

Accel Entertainment Sales Rise 4.2%

ACEL opened at $8.92 on Friday. The business has a 50-day moving average of $8.88 and a 200-day moving average of $10.16. The firm has a market capitalization of 821.09 million, a price-to-earnings ratio of 12.22 and a beta of 1.22. The company has a debt-to-equity ratio of 2.75, a current ratio of 3.35 and a quick ratio of 3.28. Accel Entertainment has a one year low of $7.65 and a one year high of $14.

Lire Aussi :  'Fantastic Beasts': Fourth and Fifth Movies in Limbo

Accel Entertainment (NYSE:ACEL – Get Rating ) last issued its earnings results on Tuesday, August 9. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $227 million during the quarter, compared to analysts’ expectations of $227 million. Accel Entertainment had a return on equity of 44.81% and a net margin of 7.64%.

Institutional Trading of Accel Entertainment

Many hedge funds and other financial institutions have recently made changes to their position in the stock. Credit Suisse AG grew its stake in shares of Accel Entertainment by 18.8% in the 3rd quarter. Credit Suisse AG now owns 44,447 shares of the company’s stock worth $348,000 after purchasing an additional 747,000 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Accel Entertainment by 111.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 397 shares of the company’s stock worth $37,000 after buying an additional 266 shares in the last quarter. UBS Group AG boosted its stake in shares of Accel Entertainment by 28,100.0% in the third quarter. UBS Group AG now owns 3,666 shares of the company’s stock worth $29,000 after purchasing an additional 366 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Accel Entertainment by 7.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 111,269 shares of the company’s stock valued at $885,000 after purchasing an additional 7,288 shares in the last quarter. Finally, Huntington National Bank purchased a new stake in Accel Entertainment during the 3rd quarter valued at $269,000. Hedge funds and other institutional investors own 46.80% of the company’s shares.

Lire Aussi :  Rumor: Amazon To Retool ‘The Lord Of The Rings: The Rings Of Power’, Sideline Current Showrunners After First Season Was "More Of A Failure Than They Could Have Been Anticipated"

Accel Entertainment Company Profile

(Get Rating)

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming company in the United States. Involved in the installation, maintenance, and operation of theaters; ATMs that withdraw cash and have automatic teller machine (ATM) functionality; and other entertainment facilities in licensed non-casino areas, such as restaurants, bars, taverns, liquor stores, liquor stores, truck stops, and grocery stores.

Lire Aussi :  Will Smith Visits L.A. Lakers and Talks About Having 'Gratitude in Times of Great Challenge'

Read More

This instant news alert is created with a list of scientific technology and financial data from MarketBeat in order to provide readers with fast and accurate reporting. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to [email protected]

Before you consider Accel Entertainment, you’ll want to hear this.

MarketBeat identifies Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold … and Accel Entertainment wasn’t on the list.

While Accel Entertainment currently has a “Moderate Buy” rating among analysts, top analysts believe these five stocks are a better buy.

See The Five Stocks Here

Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button