Boyd Gaming (BYD) Set to Announce Earnings on Thursday

Boyd Gaming (NYSE:BYD) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Boyd Gaming to post earnings of $1.41 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) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. The business had revenue of $967.50 million during the quarter, compared to analyst estimates of $909.49 million. Boyd Gaming had a net margin of 13.32% and a return on equity of 34.29%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. On average, analysts expect Boyd Gaming to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Trading Up 1.0 %

NYSE BYD opened at $64.40 on Wednesday. Boyd Gaming has a 52 week low of $49.34 and a 52 week high of $68.46. The company has a 50 day moving average price of $61.75 and a 200 day moving average price of $58.37. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 1.70. The firm has a market cap of $6.11 billion, a PE ratio of 11.56 and a beta of 1.57.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Sunday, September 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, September 13th. Boyd Gaming’s payout ratio is presently 12.21%.

Insiders Place Their Bets

In other news, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $60.36, for a total transaction of $74,967.12. Following the completion of the transaction, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of Boyd Gaming stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now owns 1,423,498 shares of the company’s stock, valued at $85,737,284.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine J. Spadafor sold 1,242 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.36, for a total transaction of $74,967.12. Following the sale, the director now directly owns 1,096 shares of the company’s stock, valued at approximately $66,154.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 27.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com raised Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Morgan Stanley upped their price objective on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Boyd Gaming from $65.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Macquarie cut their price target on shares of Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Boyd Gaming from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Boyd Gaming presently has a consensus rating of “Moderate Buy” and an average price target of $90.08.

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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.