$0.95 EPS Expected for Golden Entertainment, Inc. (NASDAQ:GDEN) This Quarter

Wall Street brokerages expect Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) to post $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Golden Entertainment’s earnings, with estimates ranging from $0.88 to $1.02. Golden Entertainment reported earnings per share of $2.73 in the same quarter last year, which suggests a negative year-over-year growth rate of 65.2%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Golden Entertainment will report full year earnings of $3.73 per share for the current financial year, with EPS estimates ranging from $3.53 to $3.89. For the next year, analysts anticipate that the firm will post earnings of $3.92 per share, with EPS estimates ranging from $3.64 to $4.48. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN – Get Rating) last issued its earnings results on Thursday, February 17th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). The company had revenue of $281.96 million for the quarter, compared to analysts’ expectations of $264.84 million. Golden Entertainment had a return on equity of 55.22% and a net margin of 16.56%. During the same quarter in the previous year, the firm posted ($0.44) earnings per share.

GDEN has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. StockNews.com lowered shares of Golden Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Golden Entertainment from $66.00 to $57.00 in a research report on Friday, May 6th. Macquarie boosted their price objective on shares of Golden Entertainment from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th. Finally, Roth Capital began coverage on shares of Golden Entertainment in a research report on Wednesday, February 16th. They issued a “buy” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $64.17.

Shares of NASDAQ GDEN opened at $42.86 on Thursday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 7.29 and a beta of 2.59. Golden Entertainment has a one year low of $38.38 and a one year high of $59.96. The company’s fifty day moving average is $52.09 and its two-hundred day moving average is $50.24. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.86 and a current ratio of 1.91.

In other news, CEO Blake L. Sartini sold 168,129 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $56.79, for a total transaction of $9,548,045.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Blake L. Sartini sold 600,000 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $46.30, for a total transaction of $27,780,000.00. The disclosure for this sale can be found here. Insiders sold a total of 860,129 shares of company stock valued at $42,409,156 in the last three months. 30.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its stake in shares of Golden Entertainment by 161.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 544 shares of the company’s stock valued at $32,000 after acquiring an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Golden Entertainment during the 4th quarter worth about $58,000. Dorsey Wright & Associates grew its holdings in shares of Golden Entertainment by 15.7% during the 4th quarter. Dorsey Wright & Associates now owns 2,065 shares of the company’s stock worth $104,000 after purchasing an additional 280 shares during the period. Citigroup Inc. boosted its holdings in Golden Entertainment by 49.9% in the 3rd quarter. Citigroup Inc. now owns 2,246 shares of the company’s stock worth $110,000 after acquiring an additional 748 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Golden Entertainment by 129.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,617 shares of the company’s stock worth $152,000 after acquiring an additional 1,475 shares during the period. 68.88% of the stock is 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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