Boyd Gaming Corp. (NYSE:BYD) will be announcing its earnings results after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

Boyd Gaming Corp. (NYSE:BYD) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.14. The company had revenue of $544.90 million for the quarter, compared to analyst estimates of $561.27 million. Boyd Gaming Corp. had a net margin of 3.74% and a return on equity of 18.90%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. On average, analysts expect Boyd Gaming Corp. to post $0.8 EPS for the current fiscal year and $1.28 EPS for the next fiscal year.

Earnings History for Boyd Gaming Corp. (NYSE:BYD)

Boyd Gaming Corp. (NYSE:BYD) opened at 19.00 on Tuesday. The stock’s 50 day moving average is $19.28 and its 200-day moving average is $19.31. Boyd Gaming Corp. has a 12 month low of $14.22 and a 12 month high of $21.43. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 26.50 and a beta of 1.86.

In other Boyd Gaming Corp. news, insider William S. Boyd sold 76,531 shares of Boyd Gaming Corp. stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $19.75, for a total value of $1,511,487.25. Following the completion of the sale, the insider now owns 184,386 shares in the company, valued at approximately $3,641,623.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marianne Boyd Johnson sold 10,000 shares of Boyd Gaming Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.26, for a total transaction of $192,600.00. Following the completion of the sale, the insider now owns 187,229 shares of the company’s stock, valued at approximately $3,606,030.54. The disclosure for this sale can be found here. 29.67% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in shares of Boyd Gaming Corp. by 2.6% in the second quarter. ProShare Advisors LLC now owns 11,906 shares of the company’s stock valued at $219,000 after buying an additional 297 shares during the period. BlackRock Inc. boosted its stake in shares of Boyd Gaming Corp. by 8.9% in the second quarter. BlackRock Inc. now owns 6,089 shares of the company’s stock valued at $111,000 after buying an additional 500 shares during the period. Arizona State Retirement System boosted its stake in shares of Boyd Gaming Corp. by 1.7% in the second quarter. Arizona State Retirement System now owns 41,934 shares of the company’s stock valued at $772,000 after buying an additional 700 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Boyd Gaming Corp. by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 101,300 shares of the company’s stock valued at $1,864,000 after buying an additional 1,610 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Boyd Gaming Corp. by 24.9% in the second quarter. Algert Global LLC now owns 19,920 shares of the company’s stock valued at $367,000 after buying an additional 3,967 shares during the period. Institutional investors and hedge funds own 73.63% of the company’s stock.

BYD has been the subject of several research reports. Zacks Investment Research raised shares of Boyd Gaming Corp. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, October 4th. Telsey Advisory Group decreased their target price on shares of Boyd Gaming Corp. from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Gabelli reaffirmed a “buy” rating and issued a $28.00 target price on shares of Boyd Gaming Corp. in a research report on Monday. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Boyd Gaming Corp. in a research report on Sunday, June 26th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Boyd Gaming Corp. has an average rating of “Buy” and a consensus target price of $22.92.

Boyd Gaming Corp. Company Profile

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates through five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata. The Las Vegas Locals Properties segment consists of Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino.

5 Day Chart for NYSE:BYD

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