Equities research analysts expect Boyd Gaming Co. (NYSE:BYD) to post earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Boyd Gaming’s earnings, with estimates ranging from $0.21 to $0.28. Boyd Gaming reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.2%. The firm is scheduled to issue its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Boyd Gaming will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.09. For the next year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.16 to $1.60. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Boyd Gaming.

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

Several research firms have recently issued reports on BYD. Jefferies Group began coverage on Boyd Gaming in a report on Thursday. They set a “hold” rating on the stock. Argus began coverage on Boyd Gaming in a report on Wednesday. They set a “buy” rating and a $44.00 target price on the stock. Zacks Investment Research raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, January 9th. Bank of America raised Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Friday, January 5th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Boyd Gaming in a report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.69.

Shares of Boyd Gaming (BYD) traded down $0.05 during midday trading on Thursday, reaching $37.16. The company’s stock had a trading volume of 689,670 shares, compared to its average volume of 1,130,000. The firm has a market cap of $4,190.00, a price-to-earnings ratio of 44.77 and a beta of 1.82. Boyd Gaming has a 52-week low of $19.20 and a 52-week high of $37.52. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Boyd Gaming’s dividend payout ratio is currently 24.10%.

Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in Boyd Gaming in the second quarter valued at about $340,000. Schwab Charles Investment Management Inc. raised its position in Boyd Gaming by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 461,730 shares of the company’s stock valued at $11,456,000 after purchasing an additional 20,380 shares during the last quarter. Victory Capital Management Inc. raised its position in Boyd Gaming by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,359 shares of the company’s stock valued at $232,000 after purchasing an additional 1,403 shares during the last quarter. Swiss National Bank raised its position in Boyd Gaming by 2.4% in the second quarter. Swiss National Bank now owns 142,300 shares of the company’s stock valued at $3,530,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Boyd Gaming in the second quarter valued at about $154,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

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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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