Q1 2024 EPS Estimates for Accel Entertainment, Inc. Lifted by Northland Capmk (NYSE:ACEL)

Accel Entertainment, Inc. (NYSE:ACEL - Free Report) - Analysts at Northland Capmk raised their Q1 2024 earnings per share (EPS) estimates for shares of Accel Entertainment in a note issued to investors on Tuesday, April 16th. Northland Capmk analyst G. Gibas now expects that the company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.19. The consensus estimate for Accel Entertainment's current full-year earnings is $0.73 per share. Northland Capmk also issued estimates for Accel Entertainment's FY2024 earnings at $0.92 EPS.

Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. The business had revenue of $297.07 million during the quarter, compared to analyst estimates of $286.32 million.

Accel Entertainment Stock Performance

NYSE:ACEL traded up $0.03 during mid-day trading on Wednesday, reaching $11.28. The company's stock had a trading volume of 202,361 shares, compared to its average volume of 257,252. Accel Entertainment has a 12-month low of $8.28 and a 12-month high of $12.05. The firm's fifty day moving average price is $11.16 and its two-hundred day moving average price is $10.57. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59. The stock has a market cap of $944.85 million, a P/E ratio of 21.27 and a beta of 1.40.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 20,000 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $10.28, for a total transaction of $205,600.00. Following the completion of the sale, the director now owns 466,545 shares of the company's stock, valued at approximately $4,796,082.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Derek Harmer sold 10,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $11.21, for a total transaction of $112,100.00. Following the completion of the sale, the insider now owns 187,553 shares of the company's stock, valued at approximately $2,102,469.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David W. Ruttenberg sold 20,000 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $10.28, for a total transaction of $205,600.00. Following the sale, the director now directly owns 466,545 shares of the company's stock, valued at approximately $4,796,082.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,999 shares of company stock valued at $1,520,439. 17.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Accel Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in ACEL. Counterpoint Mutual Funds LLC bought a new position in shares of Accel Entertainment during the 1st quarter valued at approximately $245,000. Vanguard Group Inc. grew its stake in shares of Accel Entertainment by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 3,211,634 shares of the company's stock valued at $32,983,000 after acquiring an additional 109,889 shares during the period. Virtu Financial LLC bought a new position in shares of Accel Entertainment during the 4th quarter valued at approximately $104,000. Quarry LP grew its stake in shares of Accel Entertainment by 54.3% during the 4th quarter. Quarry LP now owns 2,823 shares of the company's stock valued at $29,000 after acquiring an additional 993 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Accel Entertainment by 8.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,039 shares of the company's stock valued at $1,121,000 after acquiring an additional 8,935 shares during the period. Hedge funds and other institutional investors own 55.39% of the company's stock.

About Accel Entertainment

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.