Equities analysts expect that Boyd Gaming Corporation (NYSE:BYD) will post sales of $588.17 million for the current quarter, according to Zacks. Five analysts have issued estimates for Boyd Gaming Corporation’s earnings, with the highest sales estimate coming in at $594.60 million and the lowest estimate coming in at $579.00 million. Boyd Gaming Corporation posted sales of $531.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Boyd Gaming Corporation will report full year sales of $588.17 million for the current year, with estimates ranging from $2.37 billion to $2.41 billion. For the next year, analysts anticipate that the business will post sales of $2.44 billion per share, with estimates ranging from $2.40 billion to $2.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Boyd Gaming Corporation.

Boyd Gaming Corporation (NYSE:BYD) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $599.87 million during the quarter, compared to analyst estimates of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share.

A number of analysts have recently weighed in on the stock. Instinet increased their target price on shares of Boyd Gaming Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. BidaskClub upgraded shares of Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Bank of America Corporation reiterated a “neutral” rating and set a $27.00 target price (up from $25.00) on shares of Boyd Gaming Corporation in a report on Monday, June 5th. Zacks Investment Research lowered shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Barclays PLC increased their target price on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.87.

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In other news, VP William R. Boyd sold 10,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.55, for a total transaction of $265,500.00. Following the completion of the transaction, the vice president now directly owns 8,251 shares in the company, valued at $219,064.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Keith Smith sold 49,995 shares of Boyd Gaming Corporation stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $25.56, for a total transaction of $1,277,872.20. Following the transaction, the chief executive officer now owns 1,019,259 shares of the company’s stock, valued at $26,052,260.04. The disclosure for this sale can be found here. Insiders have sold 136,526 shares of company stock valued at $3,470,423 over the last quarter. Company insiders own 29.16% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Boyd Gaming Corporation by 15.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 441,350 shares of the company’s stock valued at $9,715,000 after buying an additional 58,537 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Boyd Gaming Corporation during the first quarter valued at $2,986,000. Cullinan Associates Inc. purchased a new stake in shares of Boyd Gaming Corporation during the second quarter valued at $4,838,000. Point72 Asset Management L.P. increased its stake in shares of Boyd Gaming Corporation by 1,386.9% in the first quarter. Point72 Asset Management L.P. now owns 1,238,594 shares of the company’s stock valued at $27,261,000 after buying an additional 1,155,294 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Boyd Gaming Corporation by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 26,520 shares of the company’s stock valued at $658,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Shares of Boyd Gaming Corporation (BYD) opened at 26.44 on Friday. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $26.87. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 6.98 and a beta of 1.93. The company has a 50-day moving average price of $25.97 and a 200-day moving average price of $23.72.

About Boyd Gaming Corporation

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 Corporation (NYSE:BYD)

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