Boyd Gaming Corporation (BYD) Getting Somewhat Positive Press Coverage, Accern Reports
News headlines about Boyd Gaming Corporation (NYSE:BYD) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Boyd Gaming Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1742293650073 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- Trader’s Watch List: Boyd Gaming Corporation, (NYSE: BYD), Pinnacle West Capital Corporation, (NYSE: PNW … – Stocks In The News (press release) (tradingnewsnow.com)
- Interesting BYD Put And Call Options For January 2020 (thestreet.com)
- $0.24 EPS Expected for Boyd Gaming Corporation (BYD) This Quarter (americanbankingnews.com)
- Boyd Gaming Corporation (BYD) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Noteworthy Thursday Option Activity: INFN, JCP, BYD (thestreet.com)
Boyd Gaming Corporation (BYD) traded down $0.40 on Thursday, reaching $29.01. 1,294,800 shares of the company’s stock were exchanged, compared to its average volume of 1,288,650. Boyd Gaming Corporation has a 12 month low of $18.45 and a 12 month high of $29.89. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95. The stock has a market cap of $3,350.00, a price-to-earnings ratio of 24.92 and a beta of 1.82.
Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boyd Gaming Corporation had a return on equity of 13.82% and a net margin of 5.08%. The business had revenue of $587.70 million for the quarter, compared to analysts’ expectations of $592.29 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. equities research analysts anticipate that Boyd Gaming Corporation will post 1.05 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Friday, October 27th. Shareholders of record on Saturday, September 30th were given a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Thursday, September 28th. Boyd Gaming Corporation’s dividend payout ratio is presently 24.10%.
A number of analysts have recently weighed in on BYD shares. Telsey Advisory Group raised their price target on shares of Boyd Gaming Corporation from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Morgan Stanley set a $28.00 target price on shares of Boyd Gaming Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $29.00 target price (down from $30.00) on shares of Boyd Gaming Corporation in a research note on Sunday, July 30th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $27.00 target price on shares of Boyd Gaming Corporation in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.47.
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In other news, Director Robert L. Boughner sold 40,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.70, for a total transaction of $1,068,000.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,068,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William R. Boyd sold 7,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.71, for a total transaction of $186,970.00. Following the transaction, the vice president now directly owns 1,251 shares of the company’s stock, valued at $33,414.21. The disclosure for this sale can be found here. 29.16% of the stock is owned by insiders.
Boyd Gaming Corporation Company Profile
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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