Boyd Gaming Corporation (NYSE:BYD) – Equities research analysts at Gabelli reduced their FY2019 earnings per share estimates for shares of Boyd Gaming Corporation in a report issued on Friday. Gabelli analyst A. Trivison now forecasts that the company will post earnings of $1.60 per share for the year, down from their previous estimate of $1.65.

Boyd Gaming Corporation (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boyd Gaming Corporation had a return on equity of 14.01% and a net margin of 5.08%. The firm had revenue of $587.70 million for the quarter, compared to analyst estimates of $592.29 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This article was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://theolympiareport.com/2017/10/31/boyd-gaming-corporation-byd-expected-to-earn-fy2019-earnings-of-1-60-per-share.html.

Several other equities analysts have also recently commented on BYD. Zacks Investment Research cut shares of Boyd Gaming Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Boyd Gaming Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Telsey Advisory Group raised their target price on shares of Boyd Gaming Corporation from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Deutsche Bank AG reissued a “buy” rating and set a $29.00 target price (down previously from $30.00) on shares of Boyd Gaming Corporation in a research note on Sunday, July 30th. Finally, Barclays PLC raised their target price on shares of Boyd Gaming Corporation from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 1st. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.47.

Shares of Boyd Gaming Corporation (NYSE:BYD) traded up 2.13% on Monday, reaching $29.23. 1,411,965 shares of the company’s stock traded hands. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.72 and a beta of 1.87. Boyd Gaming Corporation has a 52 week low of $16.77 and a 52 week high of $29.89. The company has a 50 day moving average price of $26.92 and a 200 day moving average price of $25.61.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, September 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, September 15th. Boyd Gaming Corporation’s dividend payout ratio (DPR) is currently 19.23%.

In other news, VP William R. Boyd sold 7,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total value of $186,970.00. Following the transaction, the vice president now directly owns 1,251 shares of the company’s stock, valued at $33,414.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William R. Boyd sold 10,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Monday, August 7th. The stock was 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 disclosure for this sale can be found here. Over the last three months, insiders sold 57,000 shares of company stock worth $1,520,470. 29.16% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in BYD. UBS Asset Management Americas Inc. increased its position in shares of Boyd Gaming Corporation by 27.3% in the first quarter. UBS Asset Management Americas Inc. now owns 51,072 shares of the company’s stock worth $1,124,000 after acquiring an additional 10,942 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Boyd Gaming Corporation in the first quarter worth approximately $175,000. FMR LLC increased its position in shares of Boyd Gaming Corporation by 771.4% in the first quarter. FMR LLC now owns 224,826 shares of the company’s stock worth $4,948,000 after acquiring an additional 199,026 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Boyd Gaming Corporation by 5.1% in the first quarter. Teachers Advisors LLC now owns 254,526 shares of the company’s stock worth $5,602,000 after acquiring an additional 12,424 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Boyd Gaming Corporation by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 373,073 shares of the company’s stock worth $8,211,000 after acquiring an additional 6,946 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Boyd Gaming Corporation Company Profile

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.

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

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