FY2025 Earnings Estimate for ACEL Issued By Northland Capmk

Accel Entertainment, Inc. (NYSE:ACEL - Free Report) - Equities researchers at Northland Capmk decreased their FY2025 earnings per share estimates for shares of Accel Entertainment in a research note issued to investors on Wednesday, April 30th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings per share of $0.84 for the year, down from their prior estimate of $0.85. The consensus estimate for Accel Entertainment's current full-year earnings is $0.80 per share.

A number of other research firms have also recently issued reports on ACEL. Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday. Northland Securities lifted their price target on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a report on Thursday, May 1st.

Accel Entertainment Stock Performance

Shares of Accel Entertainment stock remained flat at $11.38 during trading on Monday. The stock had a trading volume of 44,403 shares, compared to its average volume of 396,599. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment has a 12 month low of $9.02 and a 12 month high of $12.96. The stock has a market cap of $973.68 million, a P/E ratio of 22.31 and a beta of 1.22. The company has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $11.05.

Insiders Place Their Bets

In other news, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $11.01, for a total transaction of $275,250.00. Following the completion of the transaction, the director now owns 323,135 shares of the company's stock, valued at approximately $3,557,716.35. This trade represents a 7.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $686,500 in the last 90 days. Corporate insiders own 19.17% of the company's stock.

Hedge Funds Weigh In On Accel Entertainment

A number of hedge funds have recently modified their holdings of ACEL. Versant Capital Management Inc acquired a new stake in shares of Accel Entertainment in the first quarter valued at about $35,000. Covestor Ltd boosted its holdings in Accel Entertainment by 32.4% in the fourth quarter. Covestor Ltd now owns 4,294 shares of the company's stock valued at $46,000 after acquiring an additional 1,051 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Accel Entertainment in the fourth quarter valued at approximately $51,000. Russell Investments Group Ltd. increased its position in Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock valued at $56,000 after purchasing an additional 5,200 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock worth $79,000 after purchasing an additional 6,151 shares during the last quarter. Institutional investors and hedge funds own 55.39% 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 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.