PlayAGS (NYSE:AGS) Stock, Quote.Headers.trade-ideas

PlayAGS

PlayAGS Inc is a designer and supplier of gaming products and services for the gaming industry. The company mainly supplies electronic gaming machines (EGM), server-based systems and back-office systems which are used by casinos, and various gaming locations. Its operating segments are EGM, Table Products, and Interactive. The EGM segment offers a selection of video slot titles developed for the world-wide marketplace as well as EGM cabinets. Its Table Products segments include live proprietary table games and side bets, as well as ancillary table products. The Interactive segment consists of delivering games through mobile apps such as Lucky Play Casino and Vegas Fever. It earns a majority of its revenue from Electronic Gaming Machines segment and geographically from the United States.

Earnings

Entertainment

Mid Cap

News

Sports Betting

Offerings

Retail Sales

Small Cap

Markets

Analyst Ratings

Trading Ideas

General

PENN

Shares of PENN Entertainment, Inc. (NASDAQ: PENN) have moved down 28.5% year to date against the Zacks Gaming industry&#39;s 7.3% growth and the S&amp;P 500&#39;s rise of 19.6%.

PENN Entertainment Stock Falls 29% YTD: Buy the Dip or Wait?

Gaming

APEI

MGM Resorts International&#39;s (NYSE: MGM) leading sports betting and the iGaming brand, BetMGM, expanded its mobile sports betting service throughout Washington, D.C. This move allows sports fans across the district to use the BetMGM app and earn rewards from MGM Resorts and Marriott Bonvoy.

MGM Resorts&#39; BetMGM Expands Reach in Washington DC

Media

Adtalem Global Education Inc. Common Stock

ATGE

RICK

RCI Hospitality Holdings, Inc. (NASDAQ: RICK) provided an update on its business for the third quarter of fiscal 2024. The company expects to release fiscal third-quarter numbers tentatively before Aug 8, 2024.

RCI Hospitality Posts Preliminary Q3 Results, Stock Up

PlayAGS Inc

Angel Studios

AMERIGUARD SECURITY SVC by Ameriguard Security Services Inc.

Ameriguard Security Services Inc

ARGENTUM SILVER CORP by Argentum Silver Corp.

Argentum Silver Corp

WIIM

HYZN

Hyzon Motors shares are trading higher after the company reported it started the production of its Class 8 200kW fuel cell electric trucks.

Cantor Fitzgerald analyst Kristen Kluska reiterates Mereo BioPharma Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MREO#NASDAQ">MREO</a>) with a Overweight and maintains $7 price target.

Price Target

Reiteration

MREO

Cantor Fitzgerald Reiterates Overweight on Mereo BioPharma Group, Maintains $7 Price Target

Morgan Stanley analyst Devin McDermott maintains Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) with a Equal-Weight and lowers the price target from $29 to $27.

CTRA

Morgan Stanley Maintains Equal-Weight on Coterra Energy, Lowers Price Target to $27

Stanley Black &amp; Decker, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) cost-reduction program is expected to aid its bottom line and drive margin performance in the quarters ahead. The program comprises a series of initiatives to resize the organization, reduce inventory and optimize the supply chain with the goal of repositioning it to pursue sustainable long-term growth.
In the first six months of 2024 and since the inception of the program, SWK realized pre-tax run rate savings of $295 million and $1.3 billion, respectively. The savings were driven by lower headcount, reductions of indirect spending and supply-chain transformation.
Stanley Black has been divesting non-core operations to drive growth. In April 2024, the company divested its STANLEY Infrastructure (Infrastructure) business to Epiroc AB for a cash consideration of $760 million. The divestment will help the company to focus on its core businesses, reduce debt and support capital-allocation priorities.
It remains focused on rewarding its shareholders through dividend payments and share buybacks. In the first six months of 2024, the firm paid dividends of $243.6 million, up 1.7% year over year. It also bought back shares worth $7.7 million. In July 2024, SWK hiked its quarterly dividend by a penny to 82 cents per share.
<h2>SWK&#39;s Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9c/77848.jpg?v=1064530480" />
Image Source: Zacks Investment Research
In the past three months, the Zacks Rank #3 (Hold) company has gained 20.2% compared with the industry&#39;s&nbsp; 9.4% growth.
Despite the positives, lower consumer outdoor and do-it-yourself market demand is a concern for the Tools &amp; Outdoor segment. Within the segment, the power tools business has been experiencing weaknesses due to reduced demand for consumer tools. Weakening automotive end markets, owing to headwinds in the global automotive OEM light vehicle production, are another setback.
Further, the low liquidity level remains a concern. Exiting the second quarter, the company&#39;s cash and cash equivalents were $318.5 million, lower than the short-term borrowings of $492.4 million. Its current maturities of long-term debt totaled $500.1 million. This implies that SWK does not have sufficient cash to meet its current debt obligations. Also, the stock looks more leveraged than the industry. Its long-term debt/capital ratio is currently 0.39, higher than 0.36 of the industry.
<h2>Stocks to Consider</h2>
Some better-ranked companies from the same space are discussed below.
Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) currently carries a Zacks Rank #2 (Buy).
FLS delivered a trailing four-quarter average earnings surprise of 18.2%. In the past 60 days, the Zacks Consensus Estimate for Flowserve&#39;s 2024 earnings has increased 3.8%.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 2%.
Parker-Hannifin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ph#NYSE">PH</a>) currently carries a Zacks Rank of 2. PH delivered a trailing four-quarter average earnings surprise of 11.2%.
In the past 60 days, the consensus estimate for Parker-Hannifin&#39;s fiscal 2025 earnings has increased 1.2%.
<a href="https://www.zacks.com/stock/news/2336321/stanley-black-exhibits-bright-prospects-headwinds-persist?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2336321">To read this article on Zacks.com click here.</a>

Large Cap

Dividends

Buybacks

Stanley Black Exhibits Bright Prospects, Headwinds Persist

Guardian Pharmacy Services, Inc. ("Guardian") today announced the launch of its underwritten initial public offering of 6,750,000 shares of its Class A common stock pursuant to a registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Guardian expects to grant the underwriters in the offering a 30-day overallotment option to purchase up to an additional 1,012,500 shares of Class A common stock at the initial public offering price, less the underwriting discount. The estimated initial public offering price is between $14.00 and $16.00. Guardian has been approved to list its shares on the New York Stock Exchange ("NYSE") under the symbol "GRDN."
Raymond James is acting as the lead bookrunning manager of the offering and as representative of the underwriters for the proposed offering. Stephens Inc. and Truist Securities are acting as joint bookrunning managers for the proposed offering.

IPOs

GRDN

Guardian Pharmacy Services Announces Launch Of Initial Public Offering Of 6.75M Shares Of Common Stock At A Price Between $14-$16/Share

Morgan Stanley analyst Devin McDermott maintains Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) with a Equal-Weight and lowers the price target from $43 to $39.

Morgan Stanley Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $39

Rosenblatt analyst Barton Crockett maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Neutral, adjusts target to $28 from $3.4 (1:10 reverse stock split).

SIRI

Rosenblatt Maintains Neutral on Sirius XM Holdings, Adjusts Price Target To $28 (1:10 reverse stock split)

CACI International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) shares are trading higher after the company announced it will acquire Azure Summit Technology<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40875875/caci-enters-into-definitive-agreement-to-purchase-azure-summit-technology" rel="noreferrer noopener"> for $1.275 billion in cash</a>.
Azure Summit is expected to enhance Department of Defense (DoD) capabilities through its advanced radio frequency (RF) technology and skilled engineering team specializing in the electromagnetic spectrum.
Following the acquisition, CACI anticipates a tax benefit valued at $194 million over the next 15 years, resulting in an effective consideration of $1.08 billion.
The deal is subject to regulatory approvals and customary conditions, with a projected closing in the second quarter of fiscal year 2025.
John Mengucci, CACI President and Chief Executive Officer, said, &#8220;Azure Summit&#8217;s core capabilities and technology bolster CACI&#8217;s market-based strategy by expanding our offerings in intelligence, surveillance and reconnaissance (ISR), electronic warfare (EW), and signals intelligence (SIGINT) across multiple domains, platforms and customer sets.&#8221;
&#8220;When combined with more than $400 million in share repurchases over the last six quarters, this transaction underscores CACI&#8217;s flexible and opportunistic capital deployment approach, which focuses on driving free cash flow growth and delivering long-term shareholder value.&#8221;&nbsp;
As of June 30, CACI&#8217;s cash and cash equivalents <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40233252/caci-reports-results-for-its-fiscal-2024-fourth-quarter-and-full-year-and-issues-fiscal-year-2025-" rel="noreferrer noopener">stood at around $134 million</a>.
Price Action: CACI shares are up 3.18% at $491.39 at the last check Monday.
Image via Shutterstock
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</ul>

Equities

Movers

CACI

CACI Agrees To Acquire Azure Summit For $1.275B, Boosting Defense Capabilities

Morgan Stanley analyst Devin McDermott maintains Northern Oil &amp; Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) with a Equal-Weight and lowers the price target from $42 to $39.

Morgan Stanley Maintains Equal-Weight on Northern Oil & Gas, Lowers Price Target to $39

Cantor Fitzgerald analyst Louise Chen reiterates Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) with a Overweight and maintains $885 price target.

Cantor Fitzgerald Reiterates Overweight on Eli Lilly, Maintains $885 Price Target

Salesforce Ventures Announces New $500M AI Fund, Bringing Its Total Commitment To AI Innovators To $1B

ImmunoPrecise Antibodies shares are trading lower after the company reported worse-than-expected Q1 financial results.

Morgan Stanley analyst Daniel Kutz maintains Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) with a Equal-Weight and lowers the price target from $7 to $5.

Morgan Stanley Maintains Equal-Weight on Transocean, Lowers Price Target to $5

Evercore ISI Group analyst Amit Daryanani reiterates Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Outperform and maintains $250 price target.

AAPL

Evercore ISI Group Reiterates Outperform on Apple, Maintains $250 Price Target

Rosenblatt analyst Blair Abernethy maintains Bentley Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) with a Buy and maintains $62 price target.

Rosenblatt Maintains Buy on Bentley Systems, Maintains $62 Price Target

7 analysts have expressed a variety of opinions on Par Pacific Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $32.29, a high estimate of $36.00, and a low estimate of $28.00. This current average has decreased by 13.13% from the previous average price target of $37.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1726502458_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Par Pacific Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$28.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Manav Gupta</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$29.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Jason Gabelman</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$32.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$32.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Jason Gabelman</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$36.00</td>
<td>$42.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Par Pacific Hldgs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Par Pacific Hldgs compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Par Pacific Hldgs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Par Pacific Hldgs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PARR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Par Pacific Hldgs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Par Pacific Hldgs Better</h2>
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refineries, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.
<h3>Par Pacific Hldgs: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Par Pacific Hldgs displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 13.09%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Par Pacific Hldgs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.92% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Par Pacific Hldgs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.45%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Par Pacific Hldgs's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.48%, the company showcases efficient use of assets and strong financial health.
Debt Management: Par Pacific Hldgs's debt-to-equity ratio stands notably higher than the industry average, reaching 1.13. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PARR

Demystifying Par Pacific Hldgs: Insights From 7 Analyst Reviews

In the preceding three months, 6 analysts have released ratings for Healthpeak Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOC#NYSE">DOC</a>), presenting a wide array of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.5, a high estimate of $26.00, and a low estimate of $22.00. This current average has increased by 8.07% from the previous average price target of $22.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1726502450_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Healthpeak Properties among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Kammert</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$26.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>James Kammert</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Michael Bilerman</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$22.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$25.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Healthpeak Properties. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Healthpeak Properties compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Healthpeak Properties's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Healthpeak Properties's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DOC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Healthpeak Properties analyst ratings.</a>
<h2>Get to Know Healthpeak Properties Better</h2>
Healthpeak owns a diversified healthcare portfolio of approximately 748 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
<h3>Healthpeak Properties: A Financial Overview</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Healthpeak Properties's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 27.31% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Healthpeak Properties's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 21.21%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Healthpeak Properties's ROE excels beyond industry benchmarks, reaching 1.65%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Healthpeak Properties's ROA excels beyond industry benchmarks, reaching 0.72%. This signifies efficient management of assets and strong financial health.
Debt Management: Healthpeak Properties's debt-to-equity ratio is below the industry average at 1.02, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Healthpeak Properties

In the preceding three months, 4 analysts have released ratings for Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Kilroy Realty and provided 12-month price targets. The average target is $39.5, accompanied by a high estimate of $42.00 and a low estimate of $38.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.07%. 
<img src="https://www.benzinga.com/files/images/story/2024/1726502442_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Kilroy Realty by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$40.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$38.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Upal Rana</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Kilroy Realty. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Kilroy Realty compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Kilroy Realty's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Kilroy Realty's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KRC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kilroy Realty analyst ratings.</a>
<h2>Discovering Kilroy Realty: A Closer Look</h2>
Kilroy Realty is a premier owner and landlord of approximately 17 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, Austin, Texas, and greater Seattle. The company operates as a real estate investment trust.
<h3>Financial Milestones: Kilroy Realty's Journey</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Kilroy Realty's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -1.25%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Kilroy Realty's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 17.24% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Kilroy Realty's ROE excels beyond industry benchmarks, reaching 0.89%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Kilroy Realty's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.42% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.97, Kilroy Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Kilroy Realty

Analysts' ratings for W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $63.43, a high estimate of $68.00, and a low estimate of $60.00. This current average reflects an increase of 2.08% from the previous average price target of $62.14. 
<img src="https://www.benzinga.com/files/images/story/2024/1726502433_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of W.P. Carey among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$66.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$63.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$62.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$60.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$63.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$68.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to W.P. Carey. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of W.P. Carey compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of W.P. Carey's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of W.P. Carey's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on W.P. Carey analyst ratings.</a>
<h2>About W.P. Carey</h2>
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
<h3>W.P. Carey: A Financial Overview</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Challenges: W.P. Carey's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -13.9%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 36.67%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): W.P. Carey's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.65%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): W.P. Carey's ROA stands out, surpassing industry averages. With an impressive ROA of 0.81%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: W.P. Carey's debt-to-equity ratio is below the industry average. With a ratio of 0.94, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 7 Ratings For W.P. Carey

VINO

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Showcasing Seeking Alpha's May 2024 New Analysts

With the growing adoption of digital technologies, changing government frameworks, and rising disposable income, the entertainment industry is poised for solid long-term growth. Thus, investors could consider buying quality entertainment stocks Accel Entertainment (ACEL), DoubleDown Interactive (DDI), and PlayAGS (AGS), which offer value and growth. Continue reading... The rapid technological evolution has resulted in boosting demand of the media and entertainment industry together with the widespread prevalence of social video platforms, specialized streaming services, and cloud gaming. Online gaming has opened various new opportunities for the global gaming industry.
Given the industry's shiny prospects, investors could consider buying fundamentally sound entertainment stocks Accel Entertainment, Inc. (<a href="https://stocknews.com/stock/ACEL/">ACEL</a>), DoubleDown Interactive Co., Ltd. (<a href="https://stocknews.com/stock/DDI/">DDI</a>), and PlayAGS, Inc. (<a href="https://stocknews.com/stock/AGS/">AGS</a>), offering value and growth.
The entertainment industry has transformed widely, adapting to the internet penetration with streaming services and wide prevalence of social media platforms leading to ever-growing online content consumption. According to Statista, the <a href="https://www.statista.com/outlook/dmo/app/entertainment/worldwide">entertainment market worldwide</a> is projected to reach $53.13 billion by 2027.
The global movies and entertainment market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/movies-entertainment-market">CAGR of 8.1%</a> resulting in revenue volume of $169.68 billion by 2030, influenced by favorable demographics, cloud gaming, changing consumption patterns, rise in disposable incomes, and the propensity to spend on leisure and entertainment.
Amid rising expense of specialist gaming PCs or consoles coupled with restrained hardware mobility, cloud gaming appears more accessible leading to a strong upsurge. The <a href="https://www.factmr.com/report/cloud-gaming-market">global cloud gaming market</a> is forecasted to hit $6.62 billion by 2034, expanding at a CAGR of 22.6%.
Besides, traditional gambling culture, regulatory framework evolution, tourism and destination appeal have contributed to the casino market's demand as the market is poised to <a href="https://www.thebusinessresearchcompany.com/report/casino-global-market-report#:~:text=It%20will%20grow%20from%20%24131.42,(CAGR)%20of%205.2%25.">grow to $165.72 billion by 2028</a>. The growth can be attributed to emergence of cryptocurrency, regulatory adaption to online gambling, and innovation in gaming technologies.
Given these encouraging trends, let's delve deeper into the fundamentals of top Entertainment stocks ACEL, DDI, and AGS.
Accel Entertainment, Inc. (<a href="https://stocknews.com/stock/ACEL/">ACEL</a>)
ACEL operates as a distributed gaming operator. The company is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine functionality, and other amusement devices in authorized non-casino locations.
In terms of forward Price/Sales, ACEL is trading at 0.71x, 19.1% lower than the industry average of 0.88x. Further, the stock's forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a> multiple of 0.95 is 19.9% lower than the industry average of 1.18. Also, its forward EV/EBITDA of 6.20x is 34.7% lower than the industry average of 9.49x.
ACEL's revenue and EBITDA have grown at respective CAGRs of 48.9% and 81.8% over the past three years. The company's total assets has increased 15.9% over the same timeframe, while its levered free cash flow has improved at CAGR of 17.4%.
For the first quarter that ended March 31, 2024, ACEL's total net revenues grew 2.9% year-over-year to $301.82 million and its operating income was $25.56 million. The company's adjusted EBITDA of $46.25 million indicates marginal growth from the prior year's quarter. Its adjusted net income and EPS came in at $19.50 million and $0.09 for the quarter, respectively.
Furthermore, the company's total assets stood at $919.13 million as of March 31, 2024, compared to total assets of $912.89 million as of December 31, 2023.
Analysts expect ACEL's revenue for the fiscal year (ending December 2025) to grow 3% year-over-year to $1.24 billion, and its EPS is expected to increase marginally year-over-year to $0.84 for the same period. Moreover, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Over the past month, the stock has surged 6.8% and marginally over the past year to close the last trading session at $10.21.
ACEL's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
ACEL has an A grade for Sentiment and a B for Growth, Value and Stability. The stock has topped among the 25 stocks in the <a href="https://stocknews.com/category/entertainment-casinos-gambling/">Entertainment – Casinos/Gambling</a> industry.
To check other POWR Ratings of ACEL for Quality, and Momentum, <a href="https://stocknews.com/stock/ACEL/">click here</a>.
DoubleDown Interactive Co., Ltd. (<a href="https://stocknews.com/stock/DDI/">DDI</a>)
Headquartered in Seoul, South Korea, DDI engages in the development and publishing of casual games and mobile applications in South Korea. The company publishes digital gaming content on mobile and web platforms. It offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games.
In terms of forward non-GAAP P/E, DDI is trading at 6.09x, 51.4% lower than the industry average of 12.52x. Similarly, the stock's forward EV/Sales multiple of 1.05 is 44% lower than the industry average of 1.87. Also, its forward Price/Book of 0.04x is 98.1% lower than the industry average of 1.98x.
DDI's EBIT and net income have grown at respective CAGRs of 8.5% and 21.2% over the past three years. The company's EPS has increased 15.8% over the same timeframe, while its normalized net income and tangible book value have improved at CAGRs of 17.9% and 140%, respectively.
During the first quarter that ended March 31, 2024, DDI's revenue increased 13.5% year-over-year to $88.14 million. Its operating income rose 22.3% from the year-ago value to $31.06 million. The company's net income and EPS stood at $30.36 million and $12.23, up 28.2% and 28.1% from the previous year's quarter, respectively.
In addition, the company's adjusted EBITDA grew 25.6% year-over-year to $31.90 million.
Analysts expect DDI's revenue for the fiscal year (ending December 2024) to increase 10% year-over-year to $339.82 million. For the same year, the company's EPS is expected to grow 1.5% year-over-year to $2.06. Also, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of DDI have gained 70.4% over the past six months and 36.2% over the past year to close the last trading session at $12.54.
DDI's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
DDI has an A grade for Sentiment, Quality, and Value. It also has a B grade for Growth. The stock has topped among the 17 stocks within the <a href="https://stocknews.com/category/entertainment-video-games/">Entertainment – Toys &amp; Video Games</a> industry.
To see the other ratings of DDI for Momentum, and Stability, <a href="https://stocknews.com/stock/DDI/">click here</a>.
PlayAGS, Inc. (<a href="https://stocknews.com/stock/AGS/">AGS</a>)
AGS designs and supplies gaming products and services for the gaming industry internationally. The company operates in three segments: Electronic Gaming Machines (EGM); Table Products; and Interactive Games (Interactive).
In terms of forward EV/EBITDA, AGS is trading at 5.62x, 40.9% lower than the industry average of 9.50x. Likewise, the stock's forward Price/Cash Flow multiple of 5.06 is 45.3% lower than the industry average of 9.25. Also, its forward EV/EBIT of 12.59x is lower than the 13.83x industry average.
AGS' revenue and EBITDA have grown at respective CAGRs of 30% and 39.4% over the past three years. The company's levered free cash flow has increased 22.1% over the same timeframe.
On May 9, AGS entered into a definitive agreement to be acquired by affiliates of Brightstar Capital Partners, a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses for nearly $1.1 Billion.
During the first quarter that ended March 31, 2024, AGS' total revenues increased 15.4% year-over-year to $95.97 million. Its income from operations grew 68.6% from the year-ago value to $19.80 million. The company's net income came in at $4.34 million and $0.10 per common share, against a net loss of $334 thousand and $0.01 per share in the prior year's quarter, respectively.
In addition, the company's cash and cash equivalents and total assets stood at $40.36 million and $666.69 million as of March 31, 2024.
Street expects AGS' revenue for the second quarter (ending June 2024) to increase 4.1% year-over-year to $93.55 million and its EPS is expected to grow 463.1% year-over-year to $0.11. Furthermore, AGS has surpassed the consensus revenue estimates in each of the trailing four quarters.
AGS' stock has gained 38.9% over the past six months and 101.2% over the past year to close the last trading session at $11.39.
AGS' sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Growth and a B for Sentiment, Value, and Quality. Within the Entertainment – Casinos/Gambling industry, AGS is ranked #2 among the 27 stocks.
<a href="https://stocknews.com/stock/AGS/">Click here</a> to access additional ratings of AGS for Stability and Momentum.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
ACEL shares were trading at $10.27 per share on Friday afternoon, up $0.06 (+0.59%). Year-to-date, ACEL has declined 0.00%, versus a 15.59% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/acel-ddi-ags-3-entertainment-stocks-offering-value-and-growth/>3 Entertainment Stocks Offering Value and Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Entertainment Stocks Offering Value and Growth

The casino & gambling industry is thriving owing to the rise of online gambling, mobile sports betting, and technological advancements. Additionally, the growing appeal of enhanced traditional gaming experiences contributes to this expansion. With this in mind, does Churchill Downs (CHDN) possess the fundamentals to capitalize on the booming sector? Read more to find out… The COVID-19 pandemic had a profound effect on the casino gambling industry, leading to widespread closures and reduced operations at many land-based casinos. In response, there was a notable shift towards online gambling platforms, which saw a significant rise in demand as individuals sought safer ways to engage in gaming from home.
Looking forward, the casino gambling sector is expected to experience substantial growth owing to the increasing popularity of gambling and the expansion of online platforms. According to Research and Markets, the market's gross gaming revenue is forecasted to grow from $150.29 billion in 2024 to $191.36 billion by 2029, at <a href="https://www.researchandmarkets.com/reports/5937494/casino-gambling-market-share-analysis?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=7nmrfn&amp;utm_campaign=1943456+-+Casino+Gambling+-+Market+Share+Analysis%2c+Industry+Trends+%26+Statistics%2c+Growth+Forecasts+2020+-+2029&amp;utm_exec=cosmmspi">a CAGR of 4.95%</a>.
That being said, watching out for Churchill Downs Incorporated (<a href="https://stocknews.com/stock/CHDN/">CHDN</a>) in this promising environment could be a strategic move. The company is well-positioned to capitalize on the expanding gambling and entertainment industry. To understand this potential, let's examine the industry trends and CHDN's role more closely.
The U.S. commercial gaming industry <a href="https://www.americangaming.org/resources/state-of-the-states-2024/">achieved record revenues</a> for the third consecutive year in 2023. The industry's resilience was evident as consumers continued to show strong interest in traditional casino games available at the 486 commercial casinos nationwide and newer offerings in iGaming and sports betting.
Moreover, the sector demonstrated resilience and robust consumer demand despite broader economic issues such as persistent inflation and high interest rates.
Furthermore, betting is critical in horse racing as well, with <a href="https://www.theplaidhorse.com/2024/06/05/beyond-the-finish-line-the-economics-of-horse-racing/">billions of dollars wagered annually</a>. The horse and sports betting market is experiencing notable growth, driven by diverse betting options for races and other sports events. The sector's expansion is further supported by increasing globalization and digital connectivity.
Integrating online betting platforms and live streaming services has transformed traditional wagering and viewing experiences, attracting a younger, more tech-savvy audience. According to Technavio, the global horse and sports betting market is projected to <a href="https://www.prnewswire.com/news-releases/horse-and-sports-betting-market-size-is-set-to-grow-by-usd-221-4-million-from-2024-2028--increasing-digital-connectivity-boost-the-market-technavio-302161781.html#:~:text=NEW%20YORK%2C%20June%204%2C%202024%20%2FPRNewswire%2F%20--%20The,CAGR%20of%20over%2011.06%25%20during%20the%20forecast%20period.">grow by $221.4 million from 2024 to 2028</a>, with an estimated CAGR of over 11.06%.
Given these trends, CHDN stands to benefit significantly. With a market capitalization of $9.72 billion, CHDN excels in racing, online wagering, and gaming entertainment. It prominently features its flagship event, the Kentucky Derby. The company operates 14 live and historical racing venues across three states, nine casino gaming properties in eight states, and 13 retail sportsbooks.
Additionally, CHDN runs an online horse racing wagering platform in the United States. Its diverse business segments include Live and Historical Racing; TwinSpires; and Gaming which underscore the company's extensive market presence.
CHDN's shares have shown promising performance, increasing 8.6% over the past six months and 8.8% over the past year to close the last trading session at $132.43. Let's now explore the factors that might influence CHDN's performance in the near term.
Recent Developments
On July 24, CHDN announced <a href="https://ir.churchilldownsincorporated.com/news-releases/news-release-details/churchill-downs-incorporated-reveals-grandstand-club-and">an $80-$90 million renovation</a> of the existing grandstand at Churchill Downs Racetrack. The project will upgrade ticketed seating options while significantly enhancing amenities for all guests in the grandstand area.
Construction on the Grandstand Club and Pavilion has begun this month, with completion planned for the 151st Kentucky Derby in May 2025. Modernizing facilities and enriching guest experiences could bolster CHDN's growth prospects by attracting more visitors and increasing overall revenue.
On May 15, CHDN <a href="https://ir.churchilldownsincorporated.com/news-releases/news-release-details/churchill-downs-incorporated-opens-terre-haute-casino-resort-0">announced the opening</a> of its new 122-room hotel and event center at Terre Haute Casino Resort. The company opened the 400,000-square-foot regional entertainment venue's casino floor on April 5, 2024, with 1,000 slot machines, 36 table games, and a state-of-the-art sportsbook.
The new infrastructure is poised to bring thousands of visitors from the region to enjoy an unparalleled gaming experience and make it a premier entertainment destination. This, in turn, could expand the company's customer base and improve its growth prospects.
Sound Historical Growth
Over the past three years, CHDN's revenue has grown at a CAGR of 21.6%. Its operation income (EBIT) and total assets increased at CAGRs of 37% and 34.1%, respectively. In addition, the company's EBITDA rose at a CAGR of 33.8% during the period.
Moreover, during the same time frame, the company's net income and EPS grew at respective CAGRs of 25.9% and 28.7%.
Robust Financials
During the second quarter of fiscal 2024, which ended on June 30, 2024, CHDN's total net revenue increased 15.9% year-over-year to $890.70 million. Its operating income stood at $330 million, up 46.3% year-over-year. Moreover, the company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> hit an all-time high of $444.80 million, up 22.3% year-over-year.
Furthermore, net income and net income per common share attributable to CHDN rose 46.4% and 50% from the prior year's period to $209.30 million and $2.79, respectively. In addition, as of June 30, 2024, CHDN's total assets amounted to $7.17 billion, up from $6.96 billion as of December 31, 2023.
Favorable Analyst Estimates
Analysts expect CHDN's revenue for the fiscal third quarter (ending September 2024) to grow 10.8% year-over-year to $634.35 million. Plus, the consensus EPS estimate of $1.08 for the ongoing quarter indicates an improvement of 24.6% from the previous year's period.
Also, the company has topped consensus revenue estimates in each of the trailing four quarters, which is impressive. Looking forward, for the fiscal year ending December 2024, Street expects CHDN's revenue and EPS to increase 12.1% and 23.8% from the previous year to $2.76 billion and $6.18, respectively.
Furthermore, the company's revenue and EPS for the next fiscal year ending in December 2025 are expected to grow 10.5% and 23% year-over-year to $3.05 billion and $7.60, respectively.
Mixed Profitability
CHDN's trailing-12-month gross profit margin of 34.34% is 6.9% lower than the 36.87% industry average. Its trailing-12-month levered FCF margin of negative 5.86% is unfavorably compared to the industry average of 5.39%. Furthermore, its trailing-12-month asset turnover ratio of 0.38x is 61.7% lower than the industry average of 0.99x.
However, the company's trailing-12-month EBITDA margin of 32.74% is 186.8% more than the industry average of 11.42%. Similarly, its trailing-12-month net income margin of 15.61% is 233.8% higher than the industry average of 4.68%.
Also, the stock's trailing-12-month ROCE, ROTC, and ROTA of 43.24%, 7.51%, and 5.69% are 270.2%, 20.9%, and 33.5% higher than the industry averages of 11.68%, 6.22%, and 4.26%, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, CHDN is trading at 21.43x, 46.6% higher than the industry average of 14.63. The stock's forward EV/Sales multiple of 5.24 is 353.9% higher than the industry average of 1.15x. Likewise, its forward EV/EBITDA of 12.32x is 30.2% higher than the industry average of 9.47x.
Additionally, CHDN's forward Price/Sales multiple of 3.52 is 324.7% higher than the industry average of 0.83x. Furthermore, its forward Price/Book ratio of 8.51x is 244.9% higher than the industry average of 2.47x.
POWR Ratings Reflect Uncertainty
CHDN's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CHDN has a B grade in Sentiment, which is in line with its optimistic analyst estimates. In addition, the stock has a C grade for Quality, which is justified by its mixed profitability metrics.
The stock also has a D grade in Valuation, consistent with its higher-than-industry valuation. Within the <a href="https://stocknews.com/category/entertainment-casinos-gambling/">Entertainment - Casinos/Gambling</a> industry, CHDN is ranked #20 out of 25 stocks.
Beyond what I have stated above, we have also given CHDN grades for Growth, Momentum, and Stability. Get all CHDN ratings <a href="https://stocknews.com/stock/CHDN/">here</a>.
Bottom Line
The rise of online gambling, betting, and wagering in recent years has propelled the casino and gambling industry to new heights. CHDN, with its strategic expansion initiatives, is well-positioned to leverage this trend and achieve significant growth. The company's financial performance and growth prospects also look promising.
However, given CHDN's current high valuation, it may be prudent to monitor for a more advantageous entry point in the stock.
How Does Churchill Downs Incorporated (CHDN) Stack Up Against Its Peers?
Given the current uncertainty around CHDN's near-term prospects, its potential to outperform in the coming weeks and months may be less clear. However, there are other industry peers with much more impressive POWR Ratings.
So, consider these three A (Strong Buy) and B (Buy) rated stocks from the Entertainment - Casinos/Gambling industry: Super Group Limited (<a href="https://stocknews.com/stock/SGHC/">SGHC</a>), Accel Entertainment, Inc. To explore more A &amp; B-rated casino and gambling stocks, click <a href="https://stocknews.com/category/entertainment-casinos-gambling/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>
&nbsp;

<hr />
CHDN shares were unchanged in premarket trading Thursday. Year-to-date, CHDN has declined -1.85%, versus a 9.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/chdn-sghc-acel-ags-is-churchill-downs-a-bet-worth-taking/>Is Churchill Downs a Bet Worth Taking?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Churchill Downs a Bet Worth Taking?

DraftKings (DKNG) posted mixed second-quarter results, surpassing earnings expectations but missing the consensus estimate for revenue. With prevailing macroeconomic risks, legal challenges, and deteriorating financial health, should investors consider DKNG a buy before the next sports betting rise? Read on to know more... DraftKings Inc. (<a href="https://stocknews.com/stock/DKNG/">DKNG</a>), a leading digital sports entertainment and gaming company, reported mixed second-quarter 2024 performance. DraftKings posted <a href="https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-reports-second-quarter-revenue-growth-26-1104-0">revenue of $1.10 billion</a>, up $230 million from the same period of 2023. Despite an impressive year-over-year growth, the company's revenue fell short of analysts' estimate of $1.12.
DKNG reported an adjusted earnings per share of $0.22, compared to the consensus estimate of $0.19. The online sports betting company raised its 2024 revenue guidance midpoint to $5.15 billion. However, DraftKings lowered its full-year adjusted EBITDA guidance midpoint from $500 million to $380 million.
Moreover, investors are shifting away from growth-dependent stocks like DKNG due to a renewed focus on macroeconomic risk factors. The recent jobs report indicated that hiring slowed significantly in July and unemployment rose to the highest in almost three years, increasing concerns of an economic slowdown and fears that the Fed waited too long to cut interest rates.
The Labor Department reported that employers <a href="https://www.reuters.com/markets/rates-bonds/size-looming-fed-rate-cuts-may-hinge-job-market-2024-08-02/">added only 114,000 jobs in July</a>, while the unemployment rate increased to 4.3% from 4.1% in June. That represents a surprising weakening in the labor market that had previously remained resilient despite the Fed's aggressive interest rate hikes in 2022 and 2023.
DraftKings' elevated valuation may expose the company to downside risk if macroeconomic concerns persist and continue to influence the broader market. Also, the company faces several challenges, including legal proceedings and the discontinuation of certain product offerings.
In July 2024, DKNG announced shutting down its non-fungible token (NFT) business citing legal developments. A federal judge allowed a class action lawsuit against DraftKings to move forward after finding plaintiffs "plausibly pled' DKNG's NFTs were unregistered securities, as reported by <a href="https://today.westlaw.com/Document/I2bafee423bc911ef8921fbef1a541940/View/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;firstPage=true">Westlaw</a>.
"After careful consideration, DraftKings has decided to discontinue Reignmakers and our NFT Marketplace, effective immediately, due to recent legal developments. This decision was not made lightly, and we believe it is the right course of action," the sports gambling company said in an email to customers.
Shares of DKNG have plunged 20.5% over the past month and 31.6% over the past year to close the last trading session at $29.85.
Let's discuss several other factors that could influence DKNG's performance in the upcoming months:
Mixed Financials
For the second quarter that ended June 30, 2024, DKNG's revenue increased 26.2% year-over-year to $1.10 billion. However, its cost of revenue grew 30% from the year-ago value to $663.41 million. The company reported a loss from operations of $32.39 million.
In addition, the company's adjusted EBITDA came in at $127.97 million, up 75.4% from the prior year's quarter. DraftKings' adjusted earnings per share rose 57.1% year-over-year to $0.22.
Mixed Analyst Estimates
Analysts expect DKNG's revenue for the third quarter (ending September 2024) to grow 40% year-over-year to $1.11 billion. However, the company is expected to report a loss per share of $0.40 for the current quarter.
Additionally, DraftKings' revenue for the fiscal year 2024 (ending December 2024) is anticipated to grow 39% year-over-year to $5.09 billion. However, the company is expected to report a loss per share of $0.28 for the ongoing year.
Dim Profitability
DKNG's trailing-12-month EBIT margin of negative 10.9% compared to the 7.82% industry average. Its trailing-12-month net income margin of negative 9.45% compared to the industry average of 4.62%. Likewise, its trailing-12-month CAPEX/Sales of 0.39% is 87.2% lower than the industry average of 3.03%.
Furthermore, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a>, ROTC, and ROTA of negative 35.09%, negative 11.79%, and negative 9.64% are unfavorably compared to the industry averages of 11.41%, 6.14%, and 4.19%, respectively.
POWR Ratings Reflect a Bleak Outlook
DKNG's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall D rating, equating to a Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DKNG has a D grade in Value, consistent with its lower-than-industry valuation. The stock has a D for Stability, justified by its 24-month beta of 2.91.
Within the <a href="https://stocknews.com/category/entertainment-casinos-gambling/">Entertainment-Casinos/Gambling</a> industry, DKNG is ranked #24 out of 25 stocks.
Beyond what I have stated above, we have also given DKNG grades for Value, Quality, and Sentiment. Get all DKNG ratings <a href="https://stocknews.com/stock/DKNG/">here</a>.
Bottom Line
DKNG surpassed earnings expectations and missed analysts' revenue forecast in the second quarter of fiscal 2024. The online sports betting company increased its full-year revenue guidance but lowered significantly its adjusted EBITDA outlook. Lingering macroeconomic concerns and legal challenges are eroding investor confidence in DKNG's stock.
Considering DraftKings' deteriorating financials, elevated valuation, and bleak growth prospects, it would be wise to avoid this stock now.
Stocks to Consider Instead of DraftKings Inc. (DKNG)
Given its uncertain short-term prospects, the odds of DKNG outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three A-rated (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/entertainment-casinos-gambling/">Entertainment-Casinos/Gambling</a> industry instead:
PlayAGS, Inc. (<a href="https://stocknews.com/stock/AGS/">AGS</a>)
MGM China Holdings Ltd. (<a href="https://stocknews.com/stock/MCHVY/">MCHVY</a>)
Accel Entertainment, Inc. (<a href="https://stocknews.com/stock/ACEL/">ACEL</a>)
To explore more A and B-rated gambling stocks, <a href="https://stocknews.com/category/entertainment-casinos-gambling/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
DKNG shares rose $0.05 (+0.17%) in premarket trading Tuesday. Year-to-date, DKNG has declined -15.32%, versus a 12.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/dkng-acel-ags-mchvy-is-draftkings-a-buy-before-the-next-sports-betting-surge/>Is DraftKings a Buy Before the Next Sports Betting Surge?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is DraftKings a Buy Before the Next Sports Betting Surge?

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PlayAGS (NYSE:<a href="https://investorplace.com/stock-quotes/ags-stock-quote/">AGS</a>) just reported results for the second quarter of 2024.<ul><li>PlayAGS reported earnings per share of 1 cent. This was below the analyst estimate for EPS of 11 cents.</li><li>The company reported revenue of $96.74 million.</li><li>This was 3.23% better than the analyst estimate for revenue of $93.71 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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AGS Stock Earnings: PlayAGS Misses EPS, Beats Revenue for Q2 2024

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