Wall Street brokerages forecast that Boyd Gaming Co. (NYSE:BYD) will post $0.34 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Boyd Gaming’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.27. Boyd Gaming reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 54.5%. The company is scheduled to issue its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Boyd Gaming will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.42. For the next financial year, analysts forecast that the company will report earnings of $1.81 per share, with EPS estimates ranging from $1.62 to $2.28. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Boyd Gaming.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, October 25th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $612.20 million during the quarter, compared to the consensus estimate of $607.60 million. Boyd Gaming had a net margin of 7.19% and a return on equity of 12.53%.

BYD has been the subject of several recent research reports. Jefferies Financial Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 14th. Desjardins initiated coverage on shares of Boyd Gaming in a research report on Friday, October 19th. They set a “buy” rating for the company. ValuEngine downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Bank of America reissued a “buy” rating and set a $37.00 target price on shares of Boyd Gaming in a research report on Tuesday, October 16th. Finally, Morgan Stanley set a $35.00 target price on shares of Boyd Gaming and gave the stock a “hold” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.67.

In other news, VP William R. Boyd sold 7,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $37.00, for a total transaction of $259,000.00. Following the completion of the transaction, the vice president now directly owns 21,903 shares of the company’s stock, valued at approximately $810,411. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marianne Boyd Johnson sold 2,907 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $37.01, for a total transaction of $107,588.07. Following the transaction, the insider now directly owns 231,173 shares of the company’s stock, valued at $8,555,712.73. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock valued at $2,428,514 over the last ninety days. 28.88% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Boyd Gaming by 7.7% during the 2nd quarter. BlackRock Inc. now owns 9,407,833 shares of the company’s stock valued at $326,077,000 after acquiring an additional 670,588 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Boyd Gaming during the 2nd quarter valued at approximately $570,000. Schwab Charles Investment Management Inc. grew its position in shares of Boyd Gaming by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 565,136 shares of the company’s stock valued at $19,588,000 after acquiring an additional 30,031 shares during the period. Martingale Asset Management L P bought a new position in shares of Boyd Gaming during the 2nd quarter valued at approximately $927,000. Finally, Bank of America Corp DE grew its position in shares of Boyd Gaming by 142.1% during the 2nd quarter. Bank of America Corp DE now owns 1,344,703 shares of the company’s stock valued at $46,608,000 after acquiring an additional 789,296 shares during the period. 71.66% of the stock is owned by hedge funds and other institutional investors.

NYSE:BYD opened at $23.62 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 3.09. The stock has a market cap of $2.80 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.98. Boyd Gaming has a one year low of $23.53 and a one year high of $40.44.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, September 27th. Boyd Gaming’s payout ratio is 23.30%.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. As of October 15, 2018, the company operated 29 gaming entertainment properties offering a total of 1.76 million square feet of casino space, approximately 38,000 gaming machines, 900 table games, 11,000 hotel rooms, and 320 food and beverage outlets located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

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Earnings History and Estimates for Boyd Gaming (NYSE:BYD)

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