Analysts Anticipate Accel Entertainment (NASDAQ:ACEL) Will Post Quarterly Sales of $12.82 Million

Wall Street analysts expect Accel Entertainment (NASDAQ:ACEL) to post $12.82 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Accel Entertainment’s earnings, with the highest sales estimate coming in at $18.40 million and the lowest estimate coming in at $7.23 million. The firm is scheduled to announce its next earnings report on Friday, August 7th.

On average, analysts expect that Accel Entertainment will report full year sales of $313.85 million for the current year, with estimates ranging from $288.39 million to $339.30 million. For the next year, analysts expect that the business will report sales of $519.38 million, with estimates ranging from $508.46 million to $530.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Accel Entertainment.

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

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

A number of institutional investors have recently bought and sold shares of ACEL. Advisory Research Inc. bought a new position in shares of Accel Entertainment in the 1st quarter worth $11,043,000. Wildcat Capital Management LLC bought a new position in shares of Accel Entertainment in the 1st quarter worth $4,403,000. Natixis Advisors L.P. bought a new position in shares of Accel Entertainment during the 1st quarter valued at $3,703,000. Comerica Bank bought a new position in shares of Accel Entertainment during the 1st quarter valued at $3,025,000. Finally, TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Accel Entertainment by 7.0% during the 1st quarter. TPG Group Holdings SBS Advisors Inc. now owns 4,003,632 shares of the company’s stock valued at $30,027,000 after purchasing an additional 262,701 shares during the last quarter.

Shares of ACEL stock traded down $0.69 during trading on Monday, reaching $8.99. 5,096,000 shares of the company’s stock traded hands, compared to its average volume of 318,048. The firm’s 50-day moving average is $9.49 and its 200 day moving average is $10.38. Accel Entertainment has a 1 year low of $5.22 and a 1 year high of $13.35.

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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