Great Canadian Gaming Corp to Post FY2018 Earnings of $1.50 Per Share, Cormark Forecasts (GC)

Great Canadian Gaming Corp (TSE:GC) – Cormark reduced their FY2018 earnings estimates for shares of Great Canadian Gaming in a research note issued on Monday. Cormark analyst D. Mcfadgen now anticipates that the company will earn $1.50 per share for the year, down from their prior forecast of $1.71. Cormark also issued estimates for Great Canadian Gaming’s FY2019 earnings at $1.65 EPS.

A number of other research analysts also recently commented on GC. Royal Bank of Canada upped their price objective on shares of Great Canadian Gaming from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Canaccord Genuity dropped their price objective on shares of Great Canadian Gaming from C$39.00 to C$38.00 in a research note on Monday, November 13th. TD Securities dropped their price objective on shares of Great Canadian Gaming from C$37.00 to C$36.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Scotiabank upped their price objective on shares of Great Canadian Gaming from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 20th. Finally, National Bank Financial dropped their price objective on shares of Great Canadian Gaming from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday, February 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$31.33.

Great Canadian Gaming (TSE GC) traded down C$0.27 during trading hours on Tuesday, reaching C$34.32. 12,911 shares of the company’s stock were exchanged, compared to its average volume of 101,111. The stock has a market cap of $2,120.00, a price-to-earnings ratio of 24.74 and a beta of 0.31. Great Canadian Gaming has a 52 week low of C$22.50 and a 52 week high of C$38.00.

In related news, insider Christopher Merrill Roberts sold 11,667 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of C$35.71, for a total transaction of C$416,628.57. Also, insider Bruce Barbour sold 1,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$35.10, for a total transaction of C$42,120.00.

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About Great Canadian Gaming

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia and Washington State. The Company has approximately 20 gaming properties, consisting of over three community gaming centers, four racetracks and 10 casinos, including over two with a Four Diamond resort hotel.

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