Boyd Gaming (BYD) to Post Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD) is projected to post its Q2 2026 results after the market closes on Thursday, July 23rd. Analysts expect the company to post earnings of $1.87 per share and revenue of $1.0382 billion for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 23, 2026 at 5:00 PM ET.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.16). The company had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 44.84% and a return on equity of 25.63%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 earnings per share. On average, analysts expect Boyd Gaming to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Boyd Gaming Price Performance

BYD stock opened at $88.21 on Tuesday. The business’s 50-day moving average is $85.30 and its two-hundred day moving average is $84.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.60 and a quick ratio of 0.58. The firm has a market capitalization of $6.56 billion, a P/E ratio of 3.87, a P/E/G ratio of 2.07 and a beta of 1.07. Boyd Gaming has a 1 year low of $76.33 and a 1 year high of $91.00.

Boyd Gaming declared that its board has approved a stock repurchase program on Thursday, April 23rd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were paid a $0.20 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming’s payout ratio is currently 3.51%.

Insider Buying and Selling at Boyd Gaming

In other news, Chairman Marianne Boyd Johnson sold 62,914 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $84.03, for a total value of $5,286,663.42. Following the completion of the sale, the chairman directly owned 1,609,808 shares of the company’s stock, valued at approximately $135,272,166.24. The trade was a 3.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith Smith sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total value of $8,590,000.00. Following the completion of the sale, the chief executive officer directly owned 996,981 shares of the company’s stock, valued at $85,640,667.90. The trade was a 9.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 200,000 shares of company stock worth $17,038,987 over the last quarter. 22.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boyd Gaming

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYD. Los Angeles Capital Management LLC acquired a new position in shares of Boyd Gaming in the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Boyd Gaming during the 4th quarter worth $25,000. Advisors Asset Management Inc. grew its position in Boyd Gaming by 56.8% during the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after purchasing an additional 196 shares during the last quarter. Employees Retirement System of Texas purchased a new position in Boyd Gaming during the 3rd quarter worth $53,000. Finally, Geneos Wealth Management Inc. increased its stake in Boyd Gaming by 139.9% in the second quarter. Geneos Wealth Management Inc. now owns 619 shares of the company’s stock valued at $48,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BYD. Mizuho raised their price objective on shares of Boyd Gaming from $96.00 to $101.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus dropped their target price on Boyd Gaming from $95.00 to $91.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Weiss Ratings upgraded Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Benchmark started coverage on Boyd Gaming in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 price objective for the company. Finally, Barclays dropped their price objective on Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.15.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.