Accel Entertainment (NYSE:ACEL) Updates FY 2021 Earnings Guidance

Accel Entertainment (NYSE:ACEL) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $650 million-705 million, compared to the consensus revenue estimate of $602.49 million.

Accel Entertainment stock traded up $0.03 during trading hours on Friday, hitting $12.69. The stock had a trading volume of 557 shares, compared to its average volume of 236,354. The company’s 50-day simple moving average is $12.47. The company has a debt-to-equity ratio of 2.60, a quick ratio of 3.34 and a current ratio of 3.34. The stock has a market cap of $1.19 billion, a P/E ratio of -97.38 and a beta of 1.32. Accel Entertainment has a fifty-two week low of $7.34 and a fifty-two week high of $15.11.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings data on Tuesday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Accel Entertainment had a negative net margin of 2.66% and a positive return on equity of 6.21%. The company had revenue of $74.41 million for the quarter, compared to the consensus estimate of $70.60 million. On average, equities analysts anticipate that Accel Entertainment will post 0.63 earnings per share for the current fiscal year.

A number of brokerages have issued reports on ACEL. JPMorgan Chase & Co. assumed coverage on shares of Accel Entertainment in a research note on Thursday, April 8th. They issued an overweight rating and a $13.00 price objective on the stock. Macquarie raised their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a neutral rating in a report on Thursday, June 3rd. Zacks Investment Research upgraded Accel Entertainment from a sell rating to a hold rating and set a $15.00 price target on the stock in a report on Thursday, May 13th. Northland Securities boosted their price objective on shares of Accel Entertainment from $15.00 to $20.00 and gave the stock an outperform rating in a research report on Wednesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Accel Entertainment from $13.00 to $14.00 and gave the stock a hold rating in a report on Wednesday, May 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $15.25.

In related news, Director David W. Ruttenberg sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $13.03, for a total value of $286,660.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew H. Rubenstein sold 50,000 shares of the company’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $13.11, for a total transaction of $655,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,192,232 shares in the company, valued at $54,960,161.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 224,397 shares of company stock worth $2,714,373. Insiders own 18.76% of the company’s stock.

Accel Entertainment Company Profile

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 video game 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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