Boyd Gaming Corp. (BYD) Announces Quarterly Earnings, Beats Estimates By $0.07 EPS
Boyd Gaming Corp. (NYSE:BYD) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.07, American Banking News reports. The company had revenue of $738.60 million for the quarter, compared to the consensus estimate of $758.10 million. During the same quarter last year, the company posted ($0.11) earnings per share. Boyd Gaming Corp.’s revenue was up 20.6% compared to the same quarter last year.
Shares of Boyd Gaming Corp. (NYSE:BYD) traded down 6.93% during mid-day trading on Thursday, hitting $12.08. The stock had a trading volume of 4,211,388 shares. Boyd Gaming Corp. has a 52 week low of $4.75 and a 52 week high of $14.50. The stock’s 50-day moving average is $13.77 and its 200-day moving average is $12.34. The company’s market cap is $1.302 billion.
BYD has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Boyd Gaming Corp. from $10.00 to $12.00 in a research note to investors on Tuesday, October 22nd. They now have a “sector perform” rating on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Boyd Gaming Corp. in a research note to investors on Wednesday, October 16th. They now have a $17.00 price target on the stock, up previously from $16.00. Finally, analysts at Sterne Agee reiterated a “hold” rating on shares of Boyd Gaming Corp. in a research note to investors on Monday, September 23rd. They now have a $12.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.93.
Boyd Gaming Corporation (NYSE:BYD), incorporated in June 1988, is a multi-jurisdictional gaming company.
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