Accel Entertainment (ACEL) releases the results on Tuesday

Accel Entertainment (NYSE:ACEL – Get Rating) will release its earnings data after the market close on Tuesday, November 8th. Analysts expect Accel Entertainment to report earnings of $0.23 per share for the quarter. Accel Entertainment has set its guidance for fiscal 2022 at EPS.

Accel Entertainment (NYSE:ACEL – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.22 per share for the quarter, matching the consensus estimate of $0.22. The company had revenue of $227.87 million for the quarter, compared to the consensus estimate of $214.33 million. Accel Entertainment had a return on equity of 43.98% and a net margin of 6.89%. On average, analysts expect Accel Entertainment to report earnings per share of $1 for the current fiscal year and $1 for the next fiscal year.

Accel Entertainment stock performance

Accel Entertainment shares opened at $10.04 on Wednesday. The stock’s 50-day moving average is $8.91 and the 200-day moving average is $10.27. The company has a market cap of $924.18 million, a P/E of 17.02 and a beta of 1.14. The company has a quick ratio of 3.28, a current ratio of 3.35 and a debt to equity ratio of 2.75. Accel Entertainment has a 52-week low of $7.65 and a 52-week high of $14.10.

Institutional investors rely on Accel Entertainment

Several hedge funds have recently changed their positions in the company. Advisor Group Holdings Inc. increased its stake in Accel Entertainment by 87.1% in the first quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock valued at $111,000 after purchasing an additional 4,257 shares last quarter. Principal Financial Group Inc. acquired a new stake in Accel Entertainment stock valued at $126,000 during the first quarter. Bank of New York Mellon Corp increased its stake in Accel Entertainment by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 206,892 shares of the company’s stock valued at $2,520,000 after purchasing an additional 3,679 shares last quarter. MetLife Investment Management LLC increased its stake in Accel Entertainment by 53.2% in the first quarter. MetLife Investment Management LLC now owns 30,368 shares of the company’s stock valued at $370,000 after purchasing an additional 10,543 shares last quarter. Finally, Rhumbline Advisers increased its stake in Accel Entertainment by 9.9% in the first quarter. Rhumbline Advisers now owns 50,962 shares of the company’s stock valued at $621,000 after purchasing an additional 4,593 shares last quarter. 46.80% of the shares are currently owned by hedge funds and other institutional investors.

About Accel Entertainment

(received rating)

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

Further reading

Earnings History for Accel Entertainment (NYSE:ACEL)

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