Analysts expect Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) to announce sales of $263.60 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Golden Entertainment’s earnings. The highest sales estimate is $264.60 million and the lowest is $261.26 million. Golden Entertainment reported sales of $239.70 million during the same quarter last year, which indicates a positive year over year growth rate of 10%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Golden Entertainment will report full year sales of $1.12 billion for the current financial year, with estimates ranging from $1.11 billion to $1.13 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.15 billion, with estimates ranging from $1.14 billion to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN – Get Rating) last announced its quarterly earnings results on Thursday, February 17th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.07). Golden Entertainment had a return on equity of 54.07% and a net margin of 14.75%. The company had revenue of $281.96 million for the quarter, compared to analyst estimates of $264.84 million. During the same quarter last year, the company posted ($0.44) earnings per share.
Shares of GDEN opened at $47.96 on Friday. The firm’s fifty day simple moving average is $54.04 and its two-hundred day simple moving average is $50.72. Golden Entertainment has a 12 month low of $31.20 and a 12 month high of $59.96. The stock has a market capitalization of $1.39 billion, a P/E ratio of 9.39 and a beta of 2.62. The company has a current ratio of 2.08, a quick ratio of 2.03 and a debt-to-equity ratio of 3.16.
In related news, CEO Blake L. Sartini sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $55.32, for a total value of $4,149,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephen Arcana sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $54.83, for a total transaction of $932,110.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 860,129 shares of company stock worth $42,409,156. 41.10% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Golden Entertainment in the 4th quarter valued at about $58,000. Dorsey Wright & Associates boosted its holdings in shares of Golden Entertainment by 15.7% in the 4th quarter. Dorsey Wright & Associates now owns 2,065 shares of the company’s stock valued at $104,000 after buying an additional 280 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Golden Entertainment by 49.9% in the 3rd quarter. Citigroup Inc. now owns 2,246 shares of the company’s stock valued at $110,000 after buying an additional 748 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Golden Entertainment by 67.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,297 shares of the company’s stock valued at $162,000 after buying an additional 1,330 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in shares of Golden Entertainment in the 3rd quarter valued at about $167,000. 60.69% of the stock is currently owned by institutional investors.
Golden Entertainment Company Profile (Get Rating)
Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.
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