Wall Street brokerages forecast that Golden Entertainment Inc (NASDAQ:GDEN) will announce $239.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Golden Entertainment’s earnings. The highest sales estimate is $242.25 million and the lowest is $235.89 million. Golden Entertainment reported sales of $210.13 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The firm is scheduled to report its next earnings report on Thursday, March 12th.

On average, analysts expect that Golden Entertainment will report full year sales of $968.65 million for the current financial year, with estimates ranging from $962.36 million to $972.58 million. For the next fiscal year, analysts anticipate that the business will report sales of $994.32 million, with estimates ranging from $984.60 million to $999.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.18). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%. The firm had revenue of $243.31 million during the quarter, compared to analyst estimates of $241.69 million.

A number of equities research analysts have recently weighed in on GDEN shares. TheStreet lowered shares of Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. JPMorgan Chase & Co. started coverage on shares of Golden Entertainment in a report on Wednesday, October 23rd. They issued an “overweight” rating and a $18.00 price objective on the stock. BidaskClub upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday. Finally, ValuEngine upgraded shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.00.

In related news, Director Anthony A. Marnell III bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $13.23 per share, with a total value of $132,300.00. Following the transaction, the director now directly owns 34,579 shares of the company’s stock, valued at approximately $457,480.17. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony A. Marnell III bought 5,900 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $12.87 per share, for a total transaction of $75,933.00. Following the completion of the transaction, the director now directly owns 34,579 shares in the company, valued at $445,031.73. The disclosure for this purchase can be found here. Company insiders own 36.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC grew its position in Golden Entertainment by 0.4% during the 2nd quarter. Gabelli Funds LLC now owns 234,500 shares of the company’s stock worth $3,283,000 after purchasing an additional 1,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Golden Entertainment during the 2nd quarter worth $416,000. Algert Global LLC purchased a new position in Golden Entertainment during the 2nd quarter worth $232,000. Gamco Investors INC. ET AL grew its position in Golden Entertainment by 0.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 268,000 shares of the company’s stock worth $3,752,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Golden Entertainment by 48.1% during the 2nd quarter. Renaissance Technologies LLC now owns 247,700 shares of the company’s stock worth $3,468,000 after purchasing an additional 80,400 shares during the last quarter. 53.21% of the stock is currently owned by institutional investors.

Shares of GDEN opened at $16.06 on Friday. Golden Entertainment has a twelve month low of $12.32 and a twelve month high of $20.42. The firm’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $14.02. The firm has a market capitalization of $438.72 million, a price-to-earnings ratio of -30.30 and a beta of 1.26. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 4.18.

Golden Entertainment Company Profile

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

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