Accel Entertainment, Inc. (NYSE:ACEL) Expected to Post Quarterly Sales of $214.33 Million

Analysts expect that Accel Entertainment, Inc. (NYSE:ACELGet Rating) will post $214.33 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Accel Entertainment’s earnings, with the lowest sales estimate coming in at $200.98 million and the highest estimate coming in at $226.82 million. Accel Entertainment reported sales of $201.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Accel Entertainment will report full-year sales of $925.51 million for the current year, with estimates ranging from $836.50 million to $982.49 million. For the next year, analysts anticipate that the firm will report sales of $1.17 billion, with estimates ranging from $1.17 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Accel Entertainment.

Accel Entertainment (NYSE:ACELGet Rating) last released its earnings results on Wednesday, March 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $192.31 million during the quarter, compared to the consensus estimate of $192.96 million. Accel Entertainment had a return on equity of 48.62% and a net margin of 5.84%.

Several analysts have commented on ACEL shares. Zacks Investment Research cut shares of Accel Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 14th. TheStreet cut shares of Accel Entertainment from a “b-” rating to a “c” rating in a research note on Monday, May 9th. The Goldman Sachs Group decreased their price objective on shares of Accel Entertainment from $15.50 to $13.50 and set a “neutral” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Accel Entertainment from $17.00 to $15.00 in a research note on Monday, May 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $15.90.

In other Accel Entertainment news, CFO Brian M. Carroll sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $12.62, for a total value of $252,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Ruttenberg sold 11,880 shares of Accel Entertainment stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $13.00, for a total value of $154,440.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,280 shares of company stock valued at $1,987,054. 18.77% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in ACEL. Darlington Partners Capital Management LP bought a new position in shares of Accel Entertainment during the 4th quarter worth about $88,147,000. BlackRock Inc. lifted its position in Accel Entertainment by 0.7% in the 4th quarter. BlackRock Inc. now owns 4,530,410 shares of the company’s stock valued at $58,984,000 after acquiring an additional 30,915 shares in the last quarter. American Century Companies Inc. lifted its position in Accel Entertainment by 4.9% in the 1st quarter. American Century Companies Inc. now owns 4,424,668 shares of the company’s stock valued at $53,892,000 after acquiring an additional 208,667 shares in the last quarter. Crescent Park Management L.P. lifted its position in Accel Entertainment by 6.5% in the 3rd quarter. Crescent Park Management L.P. now owns 3,591,613 shares of the company’s stock valued at $43,602,000 after acquiring an additional 220,626 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Accel Entertainment by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,075,885 shares of the company’s stock valued at $37,465,000 after acquiring an additional 37,368 shares in the last quarter. Institutional investors own 48.32% of the company’s stock.

Shares of Accel Entertainment stock traded down $0.18 on Friday, reaching $10.33. The stock had a trading volume of 193,551 shares, compared to its average volume of 233,726. The company has a 50 day moving average price of $12.12 and a 200 day moving average price of $12.64. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 1.94. Accel Entertainment has a 1 year low of $10.01 and a 1 year high of $14.10. The stock has a market capitalization of $950.89 million, a P/E ratio of 21.77 and a beta of 1.06.

Accel Entertainment Company Profile (Get Rating)

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.

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