Accel Entertainment (NASDAQ:ACEL) Expected to Post Earnings of -$0.16 Per Share

Equities research analysts expect that Accel Entertainment (NASDAQ:ACEL) will post earnings per share of ($0.16) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Accel Entertainment’s earnings. Accel Entertainment posted earnings of ($0.03) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 433.3%. The company is expected to report its next quarterly earnings results on Friday, August 7th.

According to Zacks, analysts expect that Accel Entertainment will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.17) to $0.00. For the next financial year, analysts anticipate that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.32 to $0.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Accel Entertainment.

Accel Entertainment (NASDAQ:ACEL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.14. The company had revenue of $105.23 million for the quarter, compared to analyst estimates of $97.80 million.

A number of research analysts have issued reports on the stock. Deutsche Bank assumed coverage on shares of Accel Entertainment in a research note on Monday, June 8th. They set a “hold” rating and a $11.00 price target on the stock. Northland Securities started coverage on shares of Accel Entertainment in a report on Friday. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Accel Entertainment from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, May 27th.

Several hedge funds have recently added to or reduced their stakes in the company. TPG Group Holdings SBS Advisors Inc. boosted its holdings in Accel Entertainment by 7.0% during the first quarter. TPG Group Holdings SBS Advisors Inc. now owns 4,003,632 shares of the company’s stock worth $30,027,000 after buying an additional 262,701 shares in the last quarter. Advisory Research Inc. purchased a new stake in Accel Entertainment during the first quarter worth $11,043,000. Wildcat Capital Management LLC purchased a new stake in Accel Entertainment during the first quarter worth $4,403,000. Natixis Advisors L.P. purchased a new stake in Accel Entertainment during the first quarter worth $3,703,000. Finally, Comerica Bank purchased a new stake in Accel Entertainment during the first quarter worth $3,025,000.

Accel Entertainment stock traded down $0.69 during mid-day trading on Friday, reaching $8.99. 4,907,475 shares of the company traded hands, compared to its average volume of 317,940. Accel Entertainment has a fifty-two week low of $5.22 and a fifty-two week high of $13.35. The firm’s fifty day moving average is $9.50 and its two-hundred day moving average is $10.41.

Accel Entertainment Company Profile

Accel Entertainment Gaming, LLC owns and operates video gaming stores. It installs gaming terminals in the United States. The company was founded in 2009 and is based in Lemont, Illinois.

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