Golden Entertainment (GDEN) Set to Announce Earnings on Wednesday

Golden Entertainment (NASDAQ:GDEN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). The firm had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. On average, analysts expect Golden Entertainment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Golden Entertainment Stock Down 1.1 %

Shares of NASDAQ GDEN opened at $31.04 on Monday. Golden Entertainment has a 52-week low of $30.38 and a 52-week high of $47.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The company’s 50 day moving average price is $34.42 and its 200-day moving average price is $36.51. The company has a market capitalization of $898.61 million, a P/E ratio of 3.75 and a beta of 2.26.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. Golden Entertainment’s dividend payout ratio (DPR) is currently 12.08%.

Wall Street Analyst Weigh In

GDEN has been the subject of several research analyst reports. Truist Financial lowered their price objective on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. JMP Securities dropped their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Friday, March 1st. Finally, B. Riley began coverage on shares of Golden Entertainment in a report on Friday, April 26th. They issued a “buy” rating and a $46.00 price target for the company.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.