Boyd Gaming (NYSE:BYD) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $774.43 million. Boyd Gaming had a net margin of 4.38% and a return on equity of 13.41%. Boyd Gaming’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. On average, analysts expect Boyd Gaming to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Boyd Gaming stock opened at $30.53 on Wednesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market capitalization of $3.29 billion, a P/E ratio of 22.95, a P/E/G ratio of 0.82 and a beta of 2.11. Boyd Gaming has a fifty-two week low of $18.98 and a fifty-two week high of $39.35.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, March 14th. Boyd Gaming’s dividend payout ratio is currently 18.05%.
BYD has been the subject of a number of research reports. TheStreet raised shares of Boyd Gaming from a “c+” rating to a “b” rating in a report on Monday, March 25th. Zacks Investment Research raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, December 31st. Morgan Stanley set a $33.00 price target on shares of Boyd Gaming and gave the company a “buy” rating in a report on Friday, February 22nd. Stifel Nicolaus raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and lowered their price target for the company from $37.00 to $33.00 in a report on Friday, January 11th. Finally, ValuEngine raised shares of Boyd Gaming from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $34.75.
In other Boyd Gaming news, VP William R. Boyd sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $28.60, for a total value of $114,400.00. Following the transaction, the vice president now directly owns 34,015 shares of the company’s stock, valued at $972,829. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Keith Smith sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.41, for a total transaction of $2,941,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,339,355 shares in the company, valued at $39,390,430.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,579 shares of company stock worth $4,893,971. Insiders own 29.35% of the company’s stock.
Boyd Gaming Company Profile
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
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