Boyd Gaming (BYD) to Release Earnings on Thursday

Boyd Gaming (NYSE:BYD) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 25th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $616.80 million for the quarter, compared to analysts’ expectations of $608.94 million. Boyd Gaming had a net margin of 7.72% and a return on equity of 12.73%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect Boyd Gaming to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE BYD traded down $0.43 during midday trading on Thursday, reaching $32.51. 2,106 shares of the stock were exchanged, compared to its average volume of 1,344,925. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 1.73 and a beta of 1.58. Boyd Gaming has a 12 month low of $26.96 and a 12 month high of $40.44. The company has a quick ratio of 1.99, a current ratio of 2.03 and a debt-to-equity ratio of 3.05.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Boyd Gaming’s dividend payout ratio is 23.30%.

BYD has been the topic of a number of recent analyst reports. Bank of America reissued a “buy” rating and set a $37.00 price target on shares of Boyd Gaming in a research report on Tuesday. Zacks Investment Research raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, September 26th. Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 14th. ValuEngine cut shares of Boyd Gaming from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Morgan Stanley lifted their price target on shares of Boyd Gaming from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.92.

In related news, VP William R. Boyd sold 7,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $37.00, for a total value of $259,000.00. Following the sale, the vice president now directly owns 21,903 shares of the company’s stock, valued at approximately $810,411. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marianne Boyd Johnson sold 30,600 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $35.86, for a total transaction of $1,097,316.00. Following the completion of the sale, the insider now directly owns 231,173 shares in the company, valued at $8,289,863.78. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock worth $2,428,514 over the last ninety days. 28.88% of the stock is currently owned by insiders.

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 and South. As of December 31, 2017, the company owned and operated 24 gaming entertainment properties offering a total of 1,358,856 square feet of casino space, 30,267 slot machines, 632 table games, and 9,372 hotel rooms located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

See Also: Diversification

Earnings History for Boyd Gaming (NYSE:BYD)

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