Brokerages Anticipate Boyd Gaming Co. (NYSE:BYD) Will Post Earnings of -$1.47 Per Share
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 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.
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