Boyd Gaming (NYSE:BYD) Issues Earnings Results
Boyd Gaming (NYSE:BYD) issued its quarterly earnings data on Tuesday. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.45) by $0.47, MarketWatch Earnings reports. Boyd Gaming had a negative net margin of 2.48% and a negative return on equity of 0.88%. The business had revenue of $209.90 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was down 75.2% compared to the same quarter last year.
NYSE BYD traded down $0.96 on Friday, hitting $23.42. The stock had a trading volume of 52,587 shares, compared to its average volume of 2,342,990. Boyd Gaming has a 52-week low of $6.44 and a 52-week high of $36.22. The company has a debt-to-equity ratio of 4.67, a quick ratio of 1.88 and a current ratio of 1.92. The firm has a 50-day moving average of $20.72 and a 200-day moving average of $21.50.
BYD has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Boyd Gaming from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. ValuEngine raised shares of Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th. Nomura upped their price objective on shares of Boyd Gaming from $22.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Bank of America upped their price objective on shares of Boyd Gaming from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank reiterated a “buy” rating and issued a $27.00 target price (up from $22.00) on shares of Boyd Gaming in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Boyd Gaming presently has an average rating of “Buy” and an average target price of $27.40.
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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