Brokerages expect Golden Entertainment, Inc. (NASDAQ:GDEN) to post sales of $261.72 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Golden Entertainment’s earnings. The lowest sales estimate is $246.29 million and the highest is $271.19 million. Golden Entertainment posted sales of $205.63 million in the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The firm is expected to issue its next quarterly earnings results on Thursday, March 10th.
On average, analysts expect that Golden Entertainment will report full year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.09 billion. For the next year, analysts anticipate that the company will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.10 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Wednesday, November 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.21. Golden Entertainment had a net margin of 12.18% and a return on equity of 49.66%. During the same period in the prior year, the firm earned ($0.25) EPS.
Shares of NASDAQ GDEN traded down $0.28 during midday trading on Thursday, hitting $49.97. The stock had a trading volume of 194,550 shares, compared to its average volume of 192,214. The business’s 50 day moving average is $50.05 and its 200-day moving average is $46.78. The company has a market cap of $1.45 billion, a P/E ratio of 12.95 and a beta of 2.74. Golden Entertainment has a 52 week low of $16.07 and a 52 week high of $54.86. The company has a quick ratio of 1.88, a current ratio of 1.93 and a debt-to-equity ratio of 3.39.
In other Golden Entertainment news, SVP Blake L. Sartini II sold 11,632 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $51.38, for a total value of $597,652.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 41.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in shares of Golden Entertainment by 9.3% in the first quarter. UBS Group AG now owns 5,578 shares of the company’s stock worth $141,000 after purchasing an additional 474 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Golden Entertainment by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 73,727 shares of the company’s stock worth $1,862,000 after purchasing an additional 11,493 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Golden Entertainment by 47.6% in the first quarter. AQR Capital Management LLC now owns 43,492 shares of the company’s stock worth $1,099,000 after purchasing an additional 14,025 shares in the last quarter. Potrero Capital Research LLC purchased a new stake in shares of Golden Entertainment in the first quarter worth $2,955,000. Finally, Hill Path Capital LP increased its stake in shares of Golden Entertainment by 255.8% in the first quarter. Hill Path Capital LP now owns 1,311,976 shares of the company’s stock worth $33,141,000 after purchasing an additional 943,200 shares in the last quarter. Institutional investors and hedge funds own 56.09% of the company’s stock.
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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