Accel Entertainment, Inc. (NYSE:ACEL) Expected to Report Quarterly Sales of $197.21 Million
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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Accel Entertainment right now?
Before you consider Accel Entertainment, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Accel Entertainment wasn’t on the list.
While Accel Entertainment currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here