Boyd Gaming Corp. (BYD) Scheduled to Post Earnings on Thursday
Boyd Gaming Corp. (NYSE:BYD) will release its earnings data after the market closes on Thursday, October 20th. Analysts expect Boyd Gaming Corp. to post earnings of $0.15 per share for the quarter.
Boyd Gaming Corp. (NYSE:BYD) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.14. Boyd Gaming Corp. had a net margin of 3.74% and a return on equity of 18.90%. The business earned $544.90 million during the quarter, compared to the consensus estimate of $561.27 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts expect Boyd Gaming Corp. to post $0.8 EPS for the current fiscal year and $1.27 EPS for the next fiscal year.
Shares of Boyd Gaming Corp. (NYSE:BYD) opened at 19.04 on Wednesday. The firm has a market capitalization of $2.14 billion, a PE ratio of 26.56 and a beta of 1.86. Boyd Gaming Corp. has a 1-year low of $14.22 and a 1-year high of $21.43. The stock has a 50 day moving average price of $19.28 and a 200 day moving average price of $19.31.
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Several equities analysts have recently commented on BYD shares. Gabelli reaffirmed a “buy” rating and issued a $28.00 target price on shares of Boyd Gaming Corp. in a research report on Monday. Zacks Investment Research raised Boyd Gaming Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Boyd Gaming Corp. in a research report on Sunday, June 26th. Finally, Telsey Advisory Group decreased their target price on Boyd Gaming Corp. from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.92.
In other Boyd Gaming Corp. news, EVP Marianne Boyd Johnson sold 89,360 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $19.83, for a total value of $1,772,008.80. Following the completion of the sale, the executive vice president now directly owns 276,589 shares of the company’s stock, valued at $5,484,759.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William S. Boyd sold 76,531 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $19.75, for a total transaction of $1,511,487.25. Following the completion of the sale, the insider now directly owns 184,386 shares of the company’s stock, valued at $3,641,623.50. The disclosure for this sale can be found here. 29.67% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of BYD. BlackRock Inc. increased its stake in Boyd Gaming Corp. by 8.9% in the second quarter. BlackRock Inc. now owns 6,089 shares of the company’s stock valued at $111,000 after buying an additional 500 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Boyd Gaming Corp. during the second quarter valued at $206,000. Zacks Investment Management acquired a new stake in Boyd Gaming Corp. during the second quarter valued at $218,000. ProShare Advisors LLC increased its stake in Boyd Gaming Corp. by 2.6% in the second quarter. ProShare Advisors LLC now owns 11,906 shares of the company’s stock valued at $219,000 after buying an additional 297 shares in the last quarter. Finally, Miles Capital Inc. acquired a new stake in Boyd Gaming Corp. during the second quarter valued at $242,000. 73.63% of the stock is owned by institutional investors and hedge funds.
Boyd Gaming Corp. Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates through five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata. The Las Vegas Locals Properties segment consists of Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino.
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