Brokerages forecast that Boyd Gaming Co. (NYSE:BYD) will post sales of $592.26 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Boyd Gaming’s earnings, with the lowest sales estimate coming in at $580.90 million and the highest estimate coming in at $598.72 million. Boyd Gaming posted sales of $554.82 million in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Boyd Gaming will report full year sales of $592.26 million for the current financial year, with estimates ranging from $2.37 billion to $2.39 billion. For the next year, analysts expect that the business will post sales of $2.43 billion per share, with estimates ranging from $2.41 billion to $2.47 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Boyd Gaming.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boyd Gaming had a return on equity of 13.82% 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 period in the prior year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating on shares of Boyd Gaming in a report on Thursday, December 21st. Argus assumed coverage on Boyd Gaming in a report on Wednesday. They set a “buy” rating and a $44.00 target price for the company. Zacks Investment Research downgraded Boyd Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Deutsche Bank lifted their target price on Boyd Gaming to $37.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, Nomura lifted their target price on Boyd Gaming to $42.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Boyd Gaming currently has a consensus rating of “Buy” and a consensus target price of $31.69.

A number of hedge funds have recently bought and sold shares of BYD. Fortaleza Asset Management Inc. raised its stake in Boyd Gaming by 80.7% in the third quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock valued at $147,000 after purchasing an additional 2,515 shares in the last quarter. Zacks Investment Management bought a new position in Boyd Gaming in the second quarter valued at about $202,000. Shelton Capital Management bought a new position in Boyd Gaming in the second quarter valued at about $203,000. Creative Planning bought a new position in Boyd Gaming in the fourth quarter valued at about $206,000. Finally, Regentatlantic Capital LLC bought a new position in Boyd Gaming in the third quarter valued at about $216,000. 76.22% of the stock is owned by institutional investors and hedge funds.

Shares of Boyd Gaming (NYSE BYD) opened at $37.74 on Friday. Boyd Gaming has a twelve month low of $19.20 and a twelve month high of $37.75. 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 has a market capitalization of $4,179.50, a price-to-earnings ratio of 31.49 and a beta of 1.82.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, December 27th. Boyd Gaming’s dividend payout ratio (DPR) is presently 19.23%.

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Boyd Gaming 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.

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

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