Boyd Gaming (BYD) Expected to Announce Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD) is expected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect Boyd Gaming to post earnings of $1.55 per share and revenue of $976.38 million for the quarter.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.21. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. On average, analysts expect Boyd Gaming to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Stock Up 3.3 %

BYD stock opened at $65.83 on Wednesday. The stock has a market capitalization of $5.43 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 4.46 and a beta of 1.31. Boyd Gaming has a 52 week low of $49.34 and a 52 week high of $80.50. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 1.85. The firm has a 50 day moving average of $69.08 and a 200 day moving average of $71.08.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th were paid a dividend of $0.18 per share. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, March 17th. Boyd Gaming’s payout ratio is presently 11.58%.

Insider Buying and Selling

In related news, Director William R. Boyd sold 15,000 shares of Boyd Gaming stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the sale, the director now owns 1,472,970 shares of the company’s stock, valued at approximately $116,835,980.40. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine J. Spadafor sold 1,125 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the transaction, the director now owns 4,852 shares of the company’s stock, valued at $365,258.56. This represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,125 shares of company stock valued at $5,158,490. 27.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus lifted their price target on Boyd Gaming from $74.00 to $82.00 and gave the stock a “hold” rating in a research report on Friday, February 7th. Mizuho upped their target price on Boyd Gaming from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Truist Financial reduced their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and upped their price objective for the company from $73.00 to $92.00 in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.93.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.