Boyd Gaming (BYD) to report results on Tuesday
Boyd Gaming (NYSE: BYD) is expected to release quarterly results after the market closes on Tuesday, October 26. Analysts expect the company to report earnings of $ 1.19 per share for the quarter. Those interested in participating in the corporate earnings conference call can do so using this link.
Boyd Gaming (NYSE: BYD) last released its quarterly results on Monday, July 26. The company reported earnings per share of $ 1.54 for the quarter, beating the consensus estimate of $ 0.83 by $ 0.71. Boyd Gaming reported a return on equity of 31.63% and a net margin of 11.49%. The company posted revenue of $ 893.20 million in the quarter, against analysts’ expectations of $ 806.82 million. In the same quarter of last year, the company posted EPS ($ 0.98). The company’s revenue for the quarter increased 344.6% from the same quarter last year. On average, analysts expect Boyd Gaming to post EPS of $ 5 for the current fiscal year and EPS of $ 4 for the next fiscal year.
BYD shares opened at $ 66.61 on Tuesday. Boyd Gaming has a 52 week low of $ 30.30 and a 52 week high of $ 71.00. The company has a debt to equity ratio of 2.43, a quick ratio of 0.86, and a current ratio of 0.89. The company has a market cap of $ 7.48 billion, a P / E ratio of 22.50, a P / E / G ratio of 0.31 and a beta of 2.19. The stock has a 50-day moving average price of $ 62.07 and a 200-day moving average price of $ 61.57.
In related news, Executive Vice President Stephen S. Thompson sold 11,962 shares of Boyd Gaming in a trade dated Friday, August 13. The shares were sold at an average price of $ 60.12, for a total trade of $ 719,155.44. Following the closing of the transaction, the Executive Vice President now directly owns 73,515 shares of the company, valued at approximately $ 4,419,721.80. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. Additionally, CEO Keith Smith sold 30,000 shares of Boyd Gaming in a trade that took place on Monday, August 23. The stock was sold at an average price of $ 57.54, for a total trade of $ 1,726,200.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 112,380 shares of the company valued at $ 6,523,966. Insiders own 27.94% of the company’s shares.
An institutional investor recently increased his position in Boyd Gaming stock. Morgan Stanley increased its position in Boyd Gaming Co. (NYSE: BYD) by 48.0% in the 2nd quarter, according to the company in its latest SEC filing. The fund held 1,085,457 shares of the company after acquiring an additional 352,181 shares during the quarter. Morgan Stanley owned approximately 0.97% of Boyd Gaming valued at $ 66,745,000 at the time of its last filing with the SEC. 64.57% of the shares are currently held by institutional investors and hedge funds.
BYD has been the subject of several analyst reports. Stifel Nicolaus raised his price target on Boyd Gaming from $ 82.00 to $ 88.00 and gave the company a “buy” rating in a report released on Wednesday, July 28. Wells Fargo & Company began covering Boyd Gaming in a report on Tuesday, September 14. They issued an “overweight” rating and a price target of $ 92.00 for the company. Morgan Stanley increased its price target on Boyd Gaming from $ 78.00 to $ 82.00 and rated the company as “overweight” in a report released on Wednesday, July 28. Deutsche Bank Aktiengesellschaft reiterated a “buy” note and set a price target of $ 78.00 on Boyd Gaming shares in a research note on Wednesday, July 28. Finally, Truist increased its price target on Boyd Gaming from $ 73.00 to $ 87.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28. One research analyst rated the stock with a conservation rating, ten assigned a buy rating, and another rated the company a high buy rating. According to data from MarketBeat.com, Boyd Gaming currently has an average “Buy” rating and a consensus target price of $ 71.91.
About Boyd Gaming
Boyd Gaming Corp. deals with the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas and Midwest & South. The Las Vegas Locals segment consists of casinos that serve the resident population of the Las Vegas metropolitan area.
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