Wall Street brokerages expect that Boyd Gaming Co. (NYSE:BYD) will post $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Boyd Gaming’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.29. Boyd Gaming posted earnings of $0.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 31.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Boyd Gaming will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.09. For the next financial year, analysts forecast that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.15 to $1.67. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Boyd Gaming.

Several research analysts have commented on the company. Zacks Investment Research raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, January 9th. Deutsche Bank lifted their price target on Boyd Gaming to $47.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Bank of America upgraded Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, January 5th. Stifel Nicolaus boosted their price objective on Boyd Gaming from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Morgan Stanley set a $28.00 price objective on Boyd Gaming and gave the company a “hold” rating in a research report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.93.

Shares of Boyd Gaming (NYSE BYD) traded down $0.74 during midday trading on Friday, reaching $35.50. The company’s stock had a trading volume of 3,856,397 shares, compared to its average volume of 1,085,174. 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 company has a market cap of $3,992.79, a P/E ratio of 34.13 and a beta of 1.87. Boyd Gaming has a 52 week low of $19.39 and a 52 week high of $40.44.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Thursday, December 28th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, December 27th. Boyd Gaming’s dividend payout ratio is presently 19.23%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Boyd Gaming by 177.8% in the 4th quarter. Strs Ohio now owns 5,000 shares of the company’s stock valued at $175,000 after buying an additional 3,200 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Boyd Gaming in the 4th quarter valued at $183,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Boyd Gaming by 33.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,559 shares of the company’s stock valued at $195,000 after buying an additional 1,392 shares in the last quarter. Fortaleza Asset Management Inc. boosted its stake in Boyd Gaming by 80.7% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock valued at $147,000 after buying an additional 2,515 shares in the last quarter. Finally, Creative Planning acquired a new stake in Boyd Gaming in the 4th quarter valued at $206,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

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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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