Boyd Gaming (NYSE:BYD – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, July 27th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Boyd Gaming (NYSE:BYD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.51 by $0.20. The company had revenue of $963.97 million for the quarter, compared to the consensus estimate of $889.59 million. Boyd Gaming had a return on equity of 43.15% and a net margin of 18.48%. Boyd Gaming’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 EPS. On average, analysts expect Boyd Gaming to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Boyd Gaming Stock Performance
Shares of Boyd Gaming stock opened at $72.85 on Thursday. Boyd Gaming has a 52 week low of $46.10 and a 52 week high of $72.93. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The stock’s fifty day moving average is $67.83 and its two-hundred day moving average is $64.89. The company has a market capitalization of $7.36 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.74 and a beta of 1.77.
Boyd Gaming Dividend Announcement
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BYD shares. Barclays raised their price objective on Boyd Gaming from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, April 21st. Wells Fargo & Company raised their price objective on Boyd Gaming from $82.00 to $83.00 in a research note on Thursday, July 13th. Morgan Stanley raised Boyd Gaming from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $69.00 to $75.00 in a report on Thursday, July 13th. StockNews.com raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Truist Financial raised their price objective on Boyd Gaming from $83.00 to $85.00 in a report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.42.
Institutional Investors Weigh In On Boyd Gaming
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYD. HighTower Advisors LLC grew its stake in Boyd Gaming by 9.3% during the 1st quarter. HighTower Advisors LLC now owns 8,539 shares of the company’s stock worth $560,000 after purchasing an additional 725 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Boyd Gaming by 1.4% in the 1st quarter. Citigroup Inc. now owns 42,226 shares of the company’s stock valued at $2,778,000 after purchasing an additional 567 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Boyd Gaming by 24.3% in the 1st quarter. Bank of Montreal Can now owns 10,255 shares of the company’s stock valued at $689,000 after purchasing an additional 2,002 shares during the last quarter. MetLife Investment Management LLC raised its stake in Boyd Gaming by 35.4% during the 1st quarter. MetLife Investment Management LLC now owns 53,822 shares of the company’s stock valued at $3,540,000 after acquiring an additional 14,078 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Boyd Gaming by 2.3% during the 1st quarter. Rhumbline Advisers now owns 221,735 shares of the company’s stock valued at $14,586,000 after acquiring an additional 4,888 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.
Boyd Gaming Company Profile
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.
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