Equities analysts forecast that Boyd Gaming Corporation (NYSE:BYD) will post $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Boyd Gaming’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.28. Boyd Gaming reported earnings per share of $0.38 during the same quarter last year, which would indicate a negative year over year growth rate of 36.8%. The company is scheduled to announce its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Boyd Gaming will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.10. For the next fiscal year, analysts forecast that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.16 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Boyd Gaming.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $587.70 million for the quarter, compared to the consensus estimate of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS.

A number of brokerages have commented on BYD. ValuEngine cut shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Deutsche Bank upped their price target on shares of Boyd Gaming to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Boyd Gaming from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Morgan Stanley set a $28.00 price target on shares of Boyd Gaming and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $27.00 price target on shares of Boyd Gaming in a research report on Tuesday, October 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $28.00.

Several hedge funds and other institutional investors have recently made changes to their positions in BYD. Fortaleza Asset Management Inc. raised its holdings in shares of Boyd Gaming by 80.7% during the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock valued at $147,000 after purchasing an additional 2,515 shares during the period. Seven Eight Capital LP acquired a new position in shares of Boyd Gaming during the second quarter valued at about $154,000. Zacks Investment Management acquired a new position in shares of Boyd Gaming during the second quarter valued at about $202,000. Shelton Capital Management acquired a new position in shares of Boyd Gaming during the second quarter valued at about $203,000. Finally, Regentatlantic Capital LLC acquired a new position in shares of Boyd Gaming during the third quarter valued at about $216,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Shares of Boyd Gaming (BYD) opened at $32.33 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 2.95. The company has a market cap of $3,578.89, a price-to-earnings ratio of 26.97 and a beta of 1.81. Boyd Gaming has a 1 year low of $19.19 and a 1 year high of $33.02.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Thursday, December 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. Boyd Gaming’s dividend payout ratio is currently 19.23%.

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About Boyd Gaming

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.

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Earnings History and Estimates for Boyd Gaming (NYSE:BYD)

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