Wall Street analysts expect Boyd Gaming Co. (NYSE:BYD) to announce earnings of $0.26 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Boyd Gaming’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.29. Boyd Gaming posted earnings per share of $0.38 during the same quarter last year, which indicates a negative year over year growth rate of 31.6%. The business is expected to issue its next earnings report after the market closes on Tuesday, February 20th.
On average, analysts expect that Boyd Gaming will report full-year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.09. For the next fiscal year, analysts expect that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.16 to $1.67. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Boyd Gaming.
BYD has been the topic of several analyst reports. Deutsche Bank boosted their price objective on Boyd Gaming to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Boyd Gaming from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating on shares of Boyd Gaming in a report on Thursday, December 21st. Nomura boosted their price target on Boyd Gaming to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Telsey Advisory Group boosted their price target on Boyd Gaming from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $32.93.
Shares of Boyd Gaming (NYSE BYD) opened at $38.02 on Friday. 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 52 week low of $19.39 and a 52 week high of $40.44. The firm has a market capitalization of $4,168.25, a P/E ratio of 36.56 and a beta of 1.87.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Thursday, December 28th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, December 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Boyd Gaming’s dividend payout ratio is currently 19.23%.
A number of institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its position in shares of Boyd Gaming by 5.0% during the second quarter. Amalgamated Bank now owns 11,456 shares of the company’s stock worth $284,000 after purchasing an additional 546 shares in the last quarter. Northern Trust Corp increased its position in shares of Boyd Gaming by 3.1% during the second quarter. Northern Trust Corp now owns 1,069,564 shares of the company’s stock worth $26,536,000 after purchasing an additional 31,785 shares in the last quarter. FMR LLC increased its position in shares of Boyd Gaming by 531.0% during the second quarter. FMR LLC now owns 1,418,700 shares of the company’s stock worth $35,199,000 after purchasing an additional 1,193,874 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Boyd Gaming by 18.1% during the second quarter. Parametric Portfolio Associates LLC now owns 467,219 shares of the company’s stock worth $11,592,000 after purchasing an additional 71,499 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Boyd Gaming during the second quarter worth $202,000. Institutional investors own 75.91% of the company’s stock.
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Boyd Gaming Company Profile
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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