Equities analysts predict that Golden Entertainment Inc (NASDAQ:GDEN) will post sales of $212.98 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Golden Entertainment’s earnings. The highest sales estimate is $215.60 million and the lowest is $210.36 million. Golden Entertainment posted sales of $184.35 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.5%. The firm is expected to issue its next earnings report on Thursday, March 21st.

According to Zacks, analysts expect that Golden Entertainment will report full-year sales of $856.12 million for the current financial year, with estimates ranging from $852.03 million to $860.20 million. For the next year, analysts forecast that the firm will report sales of $924.86 million, with estimates ranging from $880.92 million to $968.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.26). Golden Entertainment had a negative net margin of 1.09% and a negative return on equity of 1.67%. The company had revenue of $210.34 million during the quarter, compared to the consensus estimate of $214.70 million.

A number of brokerages have recently issued reports on GDEN. BidaskClub cut shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Jefferies Financial Group lifted their price objective on shares of Golden Entertainment from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 9th. TheStreet cut shares of Golden Entertainment from a “b” rating to a “c” rating in a report on Wednesday, August 15th. ValuEngine cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research cut shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.67.

In other news, COO Stephen A. Arcana sold 11,350 shares of Golden Entertainment stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $29.03, for a total transaction of $329,490.50. Following the completion of the transaction, the chief operating officer now directly owns 68,434 shares in the company, valued at $1,986,639.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen A. Arcana sold 8,656 shares of Golden Entertainment stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $28.31, for a total transaction of $245,051.36. Following the transaction, the chief operating officer now owns 68,434 shares of the company’s stock, valued at $1,937,366.54. The disclosure for this sale can be found here. Insiders have sold 210,024 shares of company stock valued at $5,390,719 over the last quarter. Corporate insiders own 33.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC boosted its holdings in Golden Entertainment by 6.1% during the second quarter. Nantahala Capital Management LLC now owns 1,957,510 shares of the company’s stock worth $52,833,000 after purchasing an additional 113,183 shares during the last quarter. BlackRock Inc. boosted its holdings in Golden Entertainment by 14.9% during the third quarter. BlackRock Inc. now owns 1,449,426 shares of the company’s stock worth $34,801,000 after purchasing an additional 187,912 shares during the last quarter. FMR LLC boosted its holdings in Golden Entertainment by 4.6% during the third quarter. FMR LLC now owns 940,394 shares of the company’s stock worth $22,580,000 after purchasing an additional 41,641 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in Golden Entertainment during the third quarter worth about $16,967,000. Finally, Teton Advisors Inc. boosted its holdings in Golden Entertainment by 0.8% during the second quarter. Teton Advisors Inc. now owns 509,297 shares of the company’s stock worth $13,746,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

GDEN traded down $0.45 during midday trading on Thursday, hitting $14.32. The company had a trading volume of 720,694 shares, compared to its average volume of 363,824. Golden Entertainment has a 52 week low of $13.25 and a 52 week high of $34.75. The company has a current ratio of 2.38, a quick ratio of 2.29 and a debt-to-equity ratio of 2.69. The company has a market cap of $397.27 million, a P/E ratio of 42.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92.

Golden Entertainment Company Profile

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

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