Boyd Gaming Co. (NYSE:BYD) – Research analysts at Gabelli increased their FY2020 earnings per share (EPS) estimates for Boyd Gaming in a report released on Wednesday, Zacks Investment Research reports. Gabelli analyst A. Trivison now forecasts that the company will post earnings per share of $1.90 for the year, up from their prior estimate of $1.75.
A number of other equities analysts have also recently weighed in on BYD. ValuEngine cut shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, October 4th. Telsey Advisory Group increased their price objective on shares of Boyd Gaming from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Morgan Stanley set a $28.00 price objective on shares of Boyd Gaming and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks reissued a “buy” rating and issued a $27.00 price objective on shares of Boyd Gaming in a research note on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.87.
Boyd Gaming (NYSE BYD) opened at $36.48 on Thursday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.68 and a current ratio of 0.73. Boyd Gaming has a 12 month low of $19.20 and a 12 month high of $37.07. The firm has a market cap of $4,103.02, a price-to-earnings ratio of 30.92 and a beta of 1.82.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boyd Gaming had a return on equity of 13.82% and a net margin of 5.08%. The company had revenue of $587.70 million for the quarter, compared to analyst estimates of $592.29 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. Boyd Gaming’s dividend payout ratio is currently 19.23%.
Several institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in shares of Boyd Gaming by 5.0% during the 2nd quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock worth $284,000 after purchasing an additional 546 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Boyd Gaming by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 9,359 shares of the company’s stock worth $232,000 after purchasing an additional 1,403 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Boyd Gaming by 0.6% during the 2nd quarter. American Century Companies Inc. now owns 350,004 shares of the company’s stock worth $8,684,000 after purchasing an additional 2,086 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Boyd Gaming by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 66,690 shares of the company’s stock worth $1,737,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Fortaleza Asset Management Inc. boosted its stake in shares of Boyd Gaming by 80.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 5,630 shares of the company’s stock worth $147,000 after purchasing an additional 2,515 shares during the last quarter. 76.22% of the stock is currently owned by institutional investors.
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About Boyd Gaming
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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