Boyd Gaming (BYD:NYE) is expected to release its earnings report on April 25th after the market close. Analysts predict Boyd Gaming stock will report earnings of $1.47 per share for the quarter.
Previous Quarter Earnings:
Boyd Gaming last reported earnings on February 2nd, exceeding analysts’ expectations with a reported EPS of $1.72 for the quarter. The business also increased its dividend from $0.15 to $0.16 per share, with a yield of 0.97%.
Boyd Gaming stock has a current ratio of 0.82 and a quick ratio of 0.78, and its 52-week high is $68.05, while its 52-week low is $46.10. Analysts predict that Boyd Gaming will post an EPS of $6 for the current fiscal year and $6 for the next fiscal year.
Boyd Gaming Stock-Analyst Ratings:
Several brokerages have given their opinion on Boyd Gaming stock. CBRE Group raised shares of Boyd Gaming from a “hold” rating to a “buy” rating with a target price of $75.00.
Meanwhile, Morgan Stanley increased its target price on shares of Boyd Gaming from $60.00 to $62.00 and gave the stock an “underweight” rating.
Truist Financial increased their target price from $79.00 to $80.00, and Deutsche Bank Aktiengesellschaft raised the target price from $66.00 to $72.00.
Wells Fargo & Company gave the stock an “overweight” rating and increased the target price from $73.00 to $77.00.
Boyd Gaming stock has an average rating of “Buy” and a consensus price target of $69.80, according to data from Stock Target Advisor.
Insider Transactions:
In other news, there has been insider trading with the sale of shares by both the Chief Financial Officer and Chief Executive Officer. The CFO sold 16,000 shares of Boyd Gaming stock at an average price of $61.00, for a total value of $976,000.00.
The CEO sold 25,000 shares of BYD stock at an average price of $64.05, for a total value of $1,601,250.00. In the last 90 days, insiders have sold a total of 523,161 shares of company stock valued at $34,312,098. 27.94% of the BYD stock is owned by company insiders.
Hedge Funds & Institutional Holdings:
A number of hedge funds and institutional investors have made changes to their positions in the business, with Vanguard Group being the largest stakeholder, holding 10.88% of the company’s outstanding shares.
Company Profile:
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The company also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.
