Boyd Gaming Corporation (NYSE:BYD) – Equities researchers at SunTrust Banks reduced their Q2 2018 earnings per share (EPS) estimates for shares of Boyd Gaming Corporation in a research note issued on Thursday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.38. SunTrust Banks has a “Buy” rating and a $27.00 price target on the stock.

A number of other brokerages have also weighed in on BYD. Telsey Advisory Group increased their target price on shares of Boyd Gaming Corporation from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Morgan Stanley set a $28.00 target price on shares of Boyd Gaming Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Deutsche Bank AG reiterated a “buy” rating and set a $29.00 target price (down previously from $30.00) on shares of Boyd Gaming Corporation in a research report on Sunday, July 30th. Zacks Investment Research lowered shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.47.

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Boyd Gaming Corporation (NYSE:BYD) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $587.70 million during the quarter, compared to analyst estimates of $592.29 million. During the same quarter last year, the firm earned $0.14 EPS. Boyd Gaming Corporation’s revenue for the quarter was up 10.5% compared to the same quarter last year.

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

In related news, VP William R. Boyd sold 7,000 shares of the firm’s 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 sale, the vice president now directly owns 1,251 shares of the company’s stock, valued at $33,414.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. Boyd sold 10,000 shares of the firm’s 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 sale, 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. Insiders sold 57,000 shares of company stock worth $1,520,470 over the last ninety days. 29.16% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in Boyd Gaming Corporation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the company’s stock valued at $836,000 after purchasing an additional 100 shares in the last quarter. Legal & General Group Plc raised its stake in Boyd Gaming Corporation by 0.4% in the first quarter. Legal & General Group Plc now owns 148,018 shares of the company’s stock valued at $3,255,000 after purchasing an additional 517 shares in the last quarter. Amalgamated Bank raised its stake in Boyd Gaming Corporation by 5.0% in the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock valued at $284,000 after purchasing an additional 546 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in 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 purchasing an additional 550 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in Boyd Gaming Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 60,351 shares of the company’s stock valued at $1,497,000 after purchasing an additional 600 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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