Boyd Gaming Corporation (NYSE:BYD) – Gabelli lowered their FY2017 earnings per share (EPS) estimates for Boyd Gaming Corporation in a research report issued on Monday. Gabelli analyst A. Trivison now anticipates that the firm will post earnings of $1.30 per share for the year, down from their previous forecast of $1.35. Gabelli also issued estimates for Boyd Gaming Corporation’s FY2018 earnings at $1.50 EPS, FY2019 earnings at $1.55 EPS and FY2020 earnings at $1.60 EPS.

A number of other analysts have also weighed in on the company. Telsey Advisory Group began coverage on Boyd Gaming Corporation in a research note on Wednesday. They issued an “outperform” rating and a $23.00 target price for the company. Instinet raised their target price on Boyd Gaming Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Aegis began coverage on Boyd Gaming Corporation in a research note on Monday. They issued a “buy” rating and a $24.00 target price for the company. SunTrust Banks, Inc. began coverage on Boyd Gaming Corporation in a research note on Thursday, February 9th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Nomura upgraded Boyd Gaming Corporation from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, February 1st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.80.

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

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Boyd Gaming Corporation (NYSE:BYD) traded down 0.84% during mid-day trading on Wednesday, reaching $20.09. 596,516 shares of the company’s stock were exchanged. The stock has a market cap of $2.26 billion, a P/E ratio of 5.54 and a beta of 1.64. The stock has a 50-day moving average price of $20.29 and a 200-day moving average price of $19.52. Boyd Gaming Corporation has a 52 week low of $15.54 and a 52 week high of $21.58.

Boyd Gaming Corporation (NYSE:BYD) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. Boyd Gaming Corporation had a net margin of 18.37% and a return on equity of 13.66%. The company earned $554.50 million during the quarter, compared to analyst estimates of $562.55 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis.

This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at http://www.watchlistnews.com/fy2017-eps-estimates-for-boyd-gaming-corporation-reduced-by-gabelli-byd/1122624.html.

Institutional investors have recently modified their holdings of the company. Jaffetilchin Investment Partners LLC bought a new position in shares of Boyd Gaming Corporation during the third quarter worth about $199,000. Managed Asset Portfolios LLC bought a new position in shares of Boyd Gaming Corporation during the fourth quarter worth about $202,000. Teacher Retirement System of Texas boosted its position in shares of Boyd Gaming Corporation by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 11,646 shares of the company’s stock worth $214,000 after buying an additional 1,410 shares during the period. Van ECK Associates Corp boosted its position in shares of Boyd Gaming Corporation by 0.5% in the fourth quarter. Van ECK Associates Corp now owns 10,714 shares of the company’s stock worth $216,000 after buying an additional 57 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Boyd Gaming Corporation during the third quarter worth about $233,000. Hedge funds and other institutional investors own 69.79% of the company’s stock.

About Boyd Gaming Corporation

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company is an owner and operator of approximately 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. The Company’s segments include Las Vegas Locals; Downtown Las Vegas; Midwest and South, and Peninsula.

5 Day Chart for NYSE:BYD

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