Boyd Gaming (BYD) Set to Announce Earnings on Tuesday

Boyd Gaming (NYSE:BYD – Get Rating) is set to release its earnings data after the market closes on Tuesday, April 26th. Analysts expect Boyd Gaming to post earnings of $1.21 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Boyd Gaming (NYSE:BYD – Get Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $879.84 million for the quarter, compared to the consensus estimate of $754.16 million. Boyd Gaming had a net margin of 13.77% and a return on equity of 41.46%. During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts expect Boyd Gaming to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

BYD opened at $63.16 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.94. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.25 and a beta of 1.97. The company’s 50 day moving average is $66.58 and its 200 day moving average is $64.11. Boyd Gaming has a 12-month low of $50.38 and a 12-month high of $72.72.

The company also recently declared a Variable dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Thursday, March 31st will be issued a dividend of $0.144 per share. The ex-dividend date is Wednesday, March 30th. Boyd Gaming’s dividend payout ratio is currently 7.13%.

In other Boyd Gaming news, Director Veronica J. Wilson sold 1,200 shares of the business’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $64.10, for a total transaction of $76,920.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 28.41% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc boosted its stake in shares of Boyd Gaming by 5.6% during the fourth quarter. NEXT Financial Group Inc now owns 3,995 shares of the company’s stock valued at $262,000 after purchasing an additional 212 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Boyd Gaming by 26.1% during the fourth quarter. Advisors Asset Management Inc. now owns 4,603 shares of the company’s stock valued at $302,000 after purchasing an additional 952 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in shares of Boyd Gaming by 6.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 15,489 shares of the company’s stock valued at $1,016,000 after purchasing an additional 989 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Boyd Gaming by 1.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,625 shares of the company’s stock valued at $1,418,000 after purchasing an additional 211 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Boyd Gaming by 0.4% during the fourth quarter. Allianz Asset Management GmbH now owns 37,921 shares of the company’s stock valued at $2,486,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 66.84% of the company’s stock.

BYD has been the topic of several analyst reports. Morgan Stanley lowered their price target on shares of Boyd Gaming from $83.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, February 4th. StockNews.com began coverage on shares of Boyd Gaming in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $84.17.

About Boyd Gaming (Get Rating)

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

Featured Articles