Analysts predict that Boyd Gaming Co. (NYSE:BYD) will post earnings of ($1.47) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Boyd Gaming’s earnings, with estimates ranging from ($1.82) to ($1.01). Boyd Gaming posted earnings of $0.46 per share during the same quarter last year, which would suggest a negative year over year growth rate of 419.6%. The firm is expected to report its next quarterly earnings results on Tuesday, August 4th.

On average, analysts expect that Boyd Gaming will report full-year earnings of ($2.62) per share for the current financial year, with EPS estimates ranging from ($4.21) to ($1.01). For the next financial year, analysts forecast that the company will report earnings of $0.14 per share, with EPS estimates ranging from ($1.39) to $1.49. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Boyd Gaming.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.30). Boyd Gaming had a return on equity of 12.60% and a net margin of 2.95%. The company had revenue of $680.53 million during the quarter, compared to the consensus estimate of $664.46 million. During the same quarter last year, the firm earned $0.43 EPS. The business’s revenue for the quarter was down 17.7% on a year-over-year basis.

BYD has been the subject of a number of analyst reports. Union Gaming Research lowered shares of Boyd Gaming from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a report on Wednesday, April 29th. Stifel Nicolaus lifted their target price on shares of Boyd Gaming from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Nomura Instinet lifted their target price on shares of Boyd Gaming from $22.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price target on shares of Boyd Gaming from $39.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Morgan Stanley decreased their price target on shares of Boyd Gaming from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Boyd Gaming has a consensus rating of “Buy” and an average target price of $25.29.

BYD traded down $0.31 during trading on Tuesday, reaching $19.94. 1,675,658 shares of the company’s stock were exchanged, compared to its average volume of 2,753,023. The company’s fifty day moving average price is $20.87 and its 200-day moving average price is $22.74. The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.88 and a current ratio of 1.92. Boyd Gaming has a fifty-two week low of $6.44 and a fifty-two week high of $36.22. The firm has a market capitalization of $2.22 billion, a PE ratio of 14.99 and a beta of 2.35.

In other Boyd Gaming news, EVP Marianne Boyd Johnson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $23.07, for a total transaction of $230,700.00. Following the sale, the executive vice president now directly owns 285,498 shares of the company’s stock, valued at approximately $6,586,438.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William S. Boyd purchased 100,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $16.07 per share, for a total transaction of $1,607,000.00. The disclosure for this purchase can be found here. 29.08% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Raymond James & Associates lifted its position in Boyd Gaming by 16.0% during the 4th quarter. Raymond James & Associates now owns 34,453 shares of the company’s stock worth $1,032,000 after buying an additional 4,749 shares in the last quarter. Geode Capital Management LLC boosted its stake in Boyd Gaming by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,047,625 shares of the company’s stock valued at $31,365,000 after purchasing an additional 19,710 shares during the period. Blueshift Asset Management LLC bought a new stake in Boyd Gaming in the 4th quarter valued at $2,833,000. Swiss National Bank boosted its stake in Boyd Gaming by 1.3% in the 1st quarter. Swiss National Bank now owns 161,700 shares of the company’s stock valued at $2,332,000 after purchasing an additional 2,100 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Boyd Gaming by 11.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 41,929 shares of the company’s stock valued at $1,255,000 after purchasing an additional 4,393 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Recommended Story: How to calculate the annual rate of depreciation

Get a free copy of the Zacks research report on Boyd Gaming (BYD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.