News articles about Boyd Gaming (NYSE:BYD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boyd Gaming earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.1967745003695 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
Several equities research analysts recently commented on the stock. SunTrust Banks cut their price target on shares of Boyd Gaming to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target (up from $35.00) on shares of Boyd Gaming in a research note on Wednesday, February 21st. Jefferies Group assumed coverage on shares of Boyd Gaming in a research note on Thursday, January 18th. They set a “hold” rating on the stock. Deutsche Bank lifted their price target on shares of Boyd Gaming to $47.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research lowered shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Boyd Gaming currently has a consensus rating of “Buy” and an average target price of $35.81.
Shares of Boyd Gaming stock opened at $32.00 on Friday. Boyd Gaming has a 1 year low of $21.36 and a 1 year high of $40.44. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 2.77. The firm has a market cap of $3,726.26, a price-to-earnings ratio of 31.07 and a beta of 1.87.
Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). The business had revenue of $590.83 million for the quarter, compared to analysts’ expectations of $595.28 million. Boyd Gaming had a return on equity of 11.47% and a net margin of 7.94%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. research analysts forecast that Boyd Gaming will post 1.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Friday, March 16th will be issued a $0.45 dividend. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.63%. Boyd Gaming’s payout ratio is presently 19.42%.
In other news, insider Stephen S. Thompson sold 24,906 shares of Boyd Gaming stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $33.55, for a total value of $835,596.30. Following the sale, the insider now owns 53,354 shares of the company’s stock, valued at $1,790,026.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William R. Boyd sold 7,528 shares of Boyd Gaming stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $35.23, for a total transaction of $265,211.44. Following the completion of the sale, the vice president now directly owns 3,714 shares in the company, valued at approximately $130,844.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,294 shares of company stock worth $11,448,808. Insiders own 28.88% of the company’s stock.
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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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