FY2018 Earnings Forecast for Amaya Inc Issued By Cantor Fitzgerald (AYA)
Amaya Inc (NYSE:AYA) – Equities research analysts at Cantor Fitzgerald lowered their FY2018 earnings per share estimates for Amaya in a report released on Monday. Cantor Fitzgerald analyst R. Garcea now anticipates that the brokerage will earn $2.57 per share for the year, down from their prior estimate of $2.64.
Separately, Zacks Investment Research upgraded Amaya from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, June 28th.
Shares of Amaya (NYSE:AYA) traded down 5.91% during trading on Thursday, hitting $16.24. The stock had a trading volume of 458,812 shares. The firm has a market capitalization of $2.35 billion and a P/E ratio of 34.33. The stock’s 50-day moving average price is $15.85 and its 200 day moving average price is $14.72. Amaya has a 1-year low of $9.67 and a 1-year high of $23.97.
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Amaya (NYSE:AYA) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.12. The company earned $285.94 million during the quarter, compared to analysts’ expectations of $259.50 million. Amaya’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share.
An institutional investor recently bought a new position in Amaya stock. GLG LLC acquired a new position in shares of Amaya Inc (NYSE:AYA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 86,595 shares of the company’s stock, valued at approximately $1,322,000. GLG LLC owned 0.06% of Amaya as of its most recent filing with the SEC.
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