PlayAGS(AGS)

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PlayAGS (AGS) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-03-11 17:00
Core Viewpoint - PlayAGS (AGS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often adjust their valuations based on changes in earnings estimates, leading to buying or selling actions that affect stock prices [4]. PlayAGS Earnings Outlook - For the fiscal year ending December 2025, PlayAGS is expected to earn $0.79 per share, reflecting a decrease of 34.2% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for PlayAGS has increased by 3.5%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision features [9][10].
PlayAGS(AGS) - 2024 Q4 - Annual Report
2025-03-06 21:19
Merger and Acquisition - The company is in the process of a proposed merger with Brightstar Capital Partners, which may impact business operations and stock price[11] - The company is in the process of a proposed merger with Brightstar Capital Partners, which may impact business operations and stock price[11] Financial Performance and Profitability - The company reported a significant accumulated deficit and a history of operating losses, raising concerns about future profitability[19] - The company reported a significant accumulated deficit and a history of operating losses, raising concerns about future profitability[19] - The company has substantial indebtedness, which could limit its ability to raise additional capital and service its debt obligations[19] - The company has substantial indebtedness, which could limit its ability to raise additional capital and react to economic changes[19] - The company is subject to quarterly fluctuations in business performance, which could impact financial results[19] - The company is subject to quarterly fluctuations in business performance, which could affect financial results[19] Market and Competition Risks - The company faces risks related to competition in the gaming industry, including the ability to adapt to evolving technology and player preferences[17] - The company faces risks related to competition in the gaming industry, including the ability to adapt to evolving technology and player preferences[17] - The company may not successfully enter new markets or capitalize on the expansion of interactive gaming, which could limit growth opportunities[17] - The company may not successfully enter new markets, which could limit growth opportunities[17] Regulatory and Legal Risks - A substantial portion of the company's revenue is derived from Native American tribal customers, making it vulnerable to legal and regulatory uncertainties[19] - Changes in regulations and tax laws could adversely affect the company's operations and financial condition[19] - Changes in regulations and licensing requirements could hinder the company's ability to operate in existing markets or expand into new jurisdictions[17] Operational Impact - The global COVID-19 pandemic has had a significant adverse impact on the company's operations and financial performance, with potential future risks from similar events[17] - The global COVID-19 pandemic has had a significant adverse impact on the company's operations and financial performance, with potential future risks[17] - The company relies on third-party technology and licensed products, which could materially affect its business if these relationships change[19] - The company relies on third-party technology and licensed products, which could materially affect its business if lost[19]
Ageas reports on the progress of share buy-back programme
Globenewswire· 2025-03-03 16:40
Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 45,875 Ageas shares in the period from 24-02-2025 until 28-02-2025. DateNumber ofSharesTotal amount(EUR)Average price(EUR)Lowest price(EUR)Highest price(EUR)24-02-20256,520333,10251.0951.0051.2025-02-20256,350327,58351.5951.0051.8526-02-20256,677<td style="width:120.94px;;text-align: left ; vertical-align: middle; vertical-al ...
Ageas reports full-year results 2024
Globenewswire· 2025-02-27 06:30
Core Insights - Ageas reported a strong financial performance for the year 2024, achieving a Net Operating Result of EUR 1.24 billion, which corresponds to a Return on Equity of 16.3% [2][4][6] - The company experienced significant growth in inflows, totaling EUR 18.5 billion, marking a 10% increase compared to the previous year [2][4] - Ageas successfully completed its Impact24 strategic cycle, meeting all financial targets and most non-financial targets, while enhancing its ESG ratings [4][5][6] Financial Performance - The Net Result for Ageas was EUR 1,118 million, with Operational Capital Generation of EUR 2.2 billion and Operational Free Capital Generation of EUR 1.5 billion [2] - Life inflows increased to EUR 11.7 billion, reflecting a 9% growth, while Non-Life inflows rose to EUR 6.8 billion, a 14% increase [2] - The combined ratio stood at 93.3%, with a Guaranteed Margin of 149 basis points and a Unit Linked Margin of 41 basis points [2] Balance Sheet and Solvency - Comprehensive Equity reached EUR 16.1 billion, equating to EUR 88.14 per share [2] - The Pillar II Solvency II ratio improved to 218%, significantly above the Group's neutral risk appetite [2] - Total Liquid Assets in the general account were EUR 1,066 million as of December 31, 2024, with Life Liabilities excluding UG/L at EUR 91.4 billion [2] Dividend and Cash Position - A total dividend of EUR 3.50 per share was proposed, with a final dividend of EUR 2.00 per share [4][6] - The company maintained a strong cash position, exceeding EUR 1.0 billion [4][6] ESG and Sustainability - Ageas's ESG ratings improved significantly, achieving Top Quartile status from six rating agencies [5][6] - 29% of Gross Written Premiums originated from sustainable products, and EUR 14.6 billion was invested in sustainable assets [5]
Ageas reports on the progress of share buy-back programme
Globenewswire· 2025-02-03 16:40
Core Insights - Ageas has reported the progress of its share buy-back program initiated on 28 August 2024, with a total of 71,182 shares purchased between 27 January 2025 and 31 January 2025 [1][2] Summary by Categories Share Buy-Back Program Details - The total number of shares bought back during the specified period is 71,182, with a total expenditure of EUR 3,519,646, resulting in an average purchase price of EUR 49.45 per share [2] - The share buy-back activity on specific dates includes: - 27 January 2025: 8,024 shares at an average price of EUR 49.15 - 28 January 2025: 12,837 shares at an average price of EUR 48.94 - 29 January 2025: 8,755 shares at an average price of EUR 49.28 - 30 January 2025: 22,637 shares at an average price of EUR 49.70 - 31 January 2025: 18,929 shares at an average price of EUR 49.68 [2] Cumulative Buy-Back Activity - Since the initiation of the buy-back program on 16 September 2024, Ageas has repurchased a total of 1,895,348 shares, amounting to EUR 90,889,844, which represents 1.01% of the total shares outstanding [2]
Ageas and The Goldman Sachs Group, Inc: Transparency notification
Globenewswire· 2024-12-17 16:40
In accordance with the rules on financial transparency*, The Goldman Sachs Group, Inc has notified Ageas on 13 December 2024 that, on 9 December 2024, its interest has fallen below the legal threshold of 5% of the shares issued by Ageas. On 12 December 2024 it notified Ageas that, on 6 December 2024, its interest has fallen below the statutory threshold of 3% of shares issued by Ageas in box A (Voting rights). Its current shareholding stands at 0.35%. Reason for the notification of 13 December 2024Acquisiti ...
Ageas reports on the progress of share buy-back programme
Globenewswire· 2024-12-16 16:40
Ageas reports on the progress of share buy-back programme Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 147,476 Ageas shares in the period from 09-12-2024 until 13-12-2024. DateNumber ofSharesTotal amount(EUR)Average price(EUR)Lowest price(EUR)Highest price(EUR)09-12-202424,0611,142,40247.4847.3847.7810-12-202444,5002,091,97947.0146.8447.3811-12-202442,41 ...
Ageas reaches agreement with UK over 50s specialist Saga
Globenewswire· 2024-12-16 07:00
Ageas reaches agreement with UK over 50s specialist Saga Ageas announces today that it has successfully concluded the exclusive negotiations with Saga plc, the UK specialist provider of products and services for individuals aged over 50, which were communicated on 11 October 2024 (read the press release). The agreement includes the establishment of a 20-year partnership between Ageas UK and Saga Services Limited (SSL) for distributing personal lines Motor and Home insurance products to Saga's customers in ...
AGS Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Acquisition by Affiliates of Brightstar Capital Partners
GlobeNewswire News Room· 2024-12-11 14:15
LAS VEGAS and NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”), a global gaming supplier of high-performing slot, table, and interactive products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously announced agreement for the Company to be acquired by affiliates of Brightstar Capital Partners (“Brightstar”) for $12.50 per share ...
PlayAGS(AGS) - 2024 Q3 - Quarterly Report
2024-11-07 22:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarter ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to . Commission file number 001-38357 PLAYAGS, INC. (Exact name of registrant as specified in its charter) Nevada 46-3698600 (State or other juri ...