Boyd Gaming (BYD) to Release Earnings on Thursday

Boyd Gaming (NYSE:BYD) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. Boyd Gaming had a return on equity of 34.29% and a net margin of 13.32%. The business had revenue of $967.50 million during the quarter, compared to analyst estimates of $909.49 million. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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 Down 1.8 %

NYSE:BYD opened at $63.79 on Tuesday. Boyd Gaming has a 12-month low of $49.34 and a 12-month high of $68.46. The firm has a market capitalization of $6.05 billion, a P/E ratio of 11.45 and a beta of 1.57. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.83 and a quick ratio of 0.79. The business has a 50 day simple moving average of $61.59 and a 200 day simple moving average of $58.38.

Boyd Gaming Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Sunday, September 15th were given a dividend of $0.17 per share. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.07%. Boyd Gaming’s dividend payout ratio is currently 12.21%.

Analyst Upgrades and Downgrades

BYD has been the subject of a number of analyst reports. Macquarie reduced their price objective on Boyd Gaming from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Morgan Stanley upgraded Boyd Gaming from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $74.00 in a research report on Wednesday, September 4th. Bank of America boosted their price target on Boyd Gaming from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. StockNews.com upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company boosted their price target on Boyd Gaming from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

Insider Activity

In other news, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction 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 sale, the director now directly owns 1,096 shares of the company’s stock, valued at $66,154.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Marianne Boyd Johnson sold 73,130 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the sale, the chairman now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine J. Spadafor sold 1,242 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $60.36, for a total value of $74,967.12. Following the sale, the director now directly owns 1,096 shares in the company, valued at $66,154.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.94% 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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.