Brokerages expect Golden Entertainment Inc (NASDAQ:GDEN) to report $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Golden Entertainment’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.21. Golden Entertainment reported earnings of $0.12 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Golden Entertainment will report full-year earnings of $0.34 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.75 per share, with EPS estimates ranging from $0.96 to $4.54. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.68). Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.33%. The firm had revenue of $210.13 million for the quarter, compared to the consensus estimate of $208.98 million.
A number of research firms recently weighed in on GDEN. BidaskClub lowered shares of Golden Entertainment from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 4th. ValuEngine raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, Deutsche Bank lowered their price objective on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.67.
Shares of GDEN traded down $0.05 during trading hours on Wednesday, reaching $13.97. 5,504 shares of the stock traded hands, compared to its average volume of 118,827. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.88 and a quick ratio of 1.80. Golden Entertainment has a 52 week low of $13.00 and a 52 week high of $34.45. The firm has a market capitalization of $389.06 million, a P/E ratio of -26.30, a PEG ratio of 2.48 and a beta of 1.18.
A number of hedge funds have recently made changes to their positions in GDEN. BlackRock Inc. raised its position in Golden Entertainment by 14.9% in the third quarter. BlackRock Inc. now owns 1,449,426 shares of the company’s stock worth $34,801,000 after acquiring an additional 187,912 shares during the period. MetLife Investment Advisors LLC raised its position in Golden Entertainment by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 13,087 shares of the company’s stock worth $314,000 after acquiring an additional 4,655 shares during the period. Vanguard Group Inc. raised its position in Golden Entertainment by 2.7% in the third quarter. Vanguard Group Inc. now owns 793,621 shares of the company’s stock worth $19,055,000 after acquiring an additional 20,557 shares during the period. Federated Investors Inc. PA raised its position in Golden Entertainment by 22.2% in the third quarter. Federated Investors Inc. PA now owns 220,000 shares of the company’s stock worth $5,282,000 after acquiring an additional 40,000 shares during the period. Finally, Vanguard Group Inc raised its position in Golden Entertainment by 2.7% in the third quarter. Vanguard Group Inc now owns 793,621 shares of the company’s stock worth $19,055,000 after acquiring an additional 20,557 shares during the period. 66.83% of the stock is currently owned by institutional investors and hedge funds.
About Golden Entertainment
Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.
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