Wall Street analysts predict that Golden Entertainment Inc (NASDAQ:GDEN) will post $249.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Golden Entertainment’s earnings. The lowest sales estimate is $249.32 million and the highest is $249.70 million. Golden Entertainment posted sales of $216.54 million during the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Golden Entertainment will report full-year sales of $976.85 million for the current financial year, with estimates ranging from $973.10 million to $980.59 million. For the next financial year, analysts forecast that the business will report sales of $996.11 million, with estimates ranging from $987.30 million to $1.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.68). Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.33%. The business had revenue of $210.13 million during the quarter, compared to analysts’ expectations of $208.98 million.

A number of equities research analysts have issued reports on GDEN shares. ValuEngine raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank dropped their price target on Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, BidaskClub cut Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.67.

Several institutional investors have recently made changes to their positions in the company. Rothschild & Co. Asset Management US Inc. grew its holdings in Golden Entertainment by 4.8% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 136,459 shares of the company’s stock worth $2,186,000 after buying an additional 6,238 shares in the last quarter. Penn Capital Management Co. Inc. lifted its position in shares of Golden Entertainment by 127.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock valued at $15,041,000 after acquiring an additional 489,591 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Golden Entertainment during the 4th quarter valued at $8,134,000. Gamco Investors INC. ET AL lifted its position in shares of Golden Entertainment by 21.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 237,000 shares of the company’s stock valued at $3,797,000 after acquiring an additional 42,600 shares during the last quarter. Finally, Nantahala Capital Management LLC lifted its position in shares of Golden Entertainment by 5.0% during the 4th quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock valued at $40,494,000 after acquiring an additional 121,415 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

GDEN stock traded down $0.05 during trading on Friday, reaching $13.97. 5,504 shares of the stock traded hands, compared to its average volume of 118,827. Golden Entertainment has a 52-week low of $13.00 and a 52-week high of $34.45. The company has a current ratio of 1.88, a quick ratio of 1.80 and a debt-to-equity ratio of 3.05. The company has a market cap of $389.06 million, a PE ratio of -26.30, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18.

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 restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; 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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