Equities analysts forecast that Golden Entertainment Inc (NASDAQ:GDEN) will post sales of $240.47 million for the current quarter, according to Zacks. Two analysts have provided estimates for Golden Entertainment’s earnings, with the lowest sales estimate coming in at $236.80 million and the highest estimate coming in at $244.14 million. Golden Entertainment reported sales of $214.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The company is expected to issue its next quarterly earnings report on Wednesday, May 8th.
According to Zacks, analysts expect that Golden Entertainment will report full year sales of $983.60 million for the current fiscal year, with estimates ranging from $980.59 million to $986.60 million. For the next year, analysts forecast that the firm will report sales of $1.01 billion, with estimates ranging from $1.00 billion to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Golden Entertainment.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, January 4th. BidaskClub upgraded shares of Golden Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Deutsche Bank dropped their price target on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, ValuEngine lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Golden Entertainment by 25.2% in the 4th quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock valued at $54,000 after purchasing an additional 684 shares during the period. Quantamental Technologies LLC purchased a new stake in Golden Entertainment in the 4th quarter worth about $27,000. Gabelli Funds LLC increased its holdings in Golden Entertainment by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 221,000 shares of the company’s stock worth $3,540,000 after acquiring an additional 2,000 shares during the last quarter. Raymond James & Associates increased its holdings in Golden Entertainment by 2.4% in the 4th quarter. Raymond James & Associates now owns 86,746 shares of the company’s stock worth $1,390,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Golden Entertainment by 53.0% in the 3rd quarter. Alliancebernstein L.P. now owns 12,700 shares of the company’s stock worth $305,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 65.87% of the company’s stock.
Shares of GDEN traded down $0.03 during mid-day trading on Thursday, hitting $16.11. 62,746 shares of the company’s stock were exchanged, compared to its average volume of 197,582. Golden Entertainment has a twelve month low of $13.00 and a twelve month high of $34.45. The firm has a market cap of $452.31 million, a price-to-earnings ratio of -30.40, a price-to-earnings-growth ratio of 2.89 and a beta of 1.15. The company has a quick ratio of 1.80, a current ratio of 1.88 and a debt-to-equity ratio of 3.05.
Golden Entertainment Company Profile
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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