Wall Street analysts expect Golden Entertainment Inc (NASDAQ:GDEN) to announce ($0.29) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Golden Entertainment’s earnings. The lowest EPS estimate is ($0.35) and the highest is ($0.20). Golden Entertainment reported earnings of ($0.10) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 190%. The company is expected to issue its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Golden Entertainment will report full-year earnings of ($5.04) per share for the current financial year, with EPS estimates ranging from ($5.99) to ($3.44). For the next financial year, analysts forecast that the business will post earnings of ($2.01) per share, with EPS estimates ranging from ($2.59) to ($0.91). Zacks’ earnings per share averages are an average based on a survey of analysts that cover Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Thursday, May 7th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.54). The business had revenue of $207.16 million during the quarter, compared to the consensus estimate of $222.13 million. Golden Entertainment had a negative return on equity of 14.97% and a negative net margin of 6.82%.

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered Golden Entertainment from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday, March 2nd. BidaskClub lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. ValuEngine upgraded Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Finally, Deutsche Bank reiterated a “buy” rating and set a $12.00 price objective on shares of Golden Entertainment in a research report on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Golden Entertainment currently has a consensus rating of “Hold” and an average price target of $15.50.

NASDAQ GDEN traded up $0.07 during trading on Tuesday, reaching $8.92. The company’s stock had a trading volume of 395,138 shares, compared to its average volume of 335,636. The stock has a market capitalization of $228.33 million, a PE ratio of -3.86 and a beta of 2.34. The company has a debt-to-equity ratio of 5.82, a current ratio of 2.62 and a quick ratio of 2.56. The firm has a fifty day moving average of $10.79 and a 200 day moving average of $13.14. Golden Entertainment has a one year low of $3.55 and a one year high of $21.67.

In related news, EVP Sean T. Higgins sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.22, for a total transaction of $45,990.00. Following the transaction, the executive vice president now directly owns 66,884 shares in the company, valued at approximately $683,554.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 38.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG lifted its holdings in Golden Entertainment by 2.9% in the 4th quarter. Credit Suisse AG now owns 19,906 shares of the company’s stock worth $382,000 after buying an additional 566 shares during the period. Swiss National Bank raised its stake in Golden Entertainment by 3.9% during the fourth quarter. Swiss National Bank now owns 37,200 shares of the company’s stock valued at $715,000 after buying an additional 1,400 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Golden Entertainment during the fourth quarter valued at $38,000. Bank of New York Mellon Corp raised its stake in Golden Entertainment by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 77,725 shares of the company’s stock valued at $1,493,000 after buying an additional 2,058 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Golden Entertainment by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 110,798 shares of the company’s stock valued at $2,130,000 after buying an additional 2,837 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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