Equities research analysts expect that Golden Entertainment Inc (NASDAQ:GDEN) will announce $208.98 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Golden Entertainment’s earnings, with the lowest sales estimate coming in at $207.60 million and the highest estimate coming in at $210.36 million. Golden Entertainment reported sales of $184.35 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.4%. The firm is expected to announce its next earnings results on Thursday, March 21st.

According to Zacks, analysts expect that Golden Entertainment will report full-year sales of $850.67 million for the current financial year, with estimates ranging from $849.30 million to $852.03 million. For the next fiscal year, analysts anticipate that the firm will report sales of $930.11 million, with estimates ranging from $880.92 million to $979.30 million. Zacks’ sales averages are an average based on a survey of research firms that cover Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.26). The company had revenue of $210.34 million during the quarter, compared to the consensus estimate of $214.70 million. Golden Entertainment had a negative net margin of 1.09% and a negative return on equity of 1.65%.

Several brokerages have issued reports on GDEN. BidaskClub downgraded shares of Golden Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Jefferies Financial Group set a $39.00 target price on shares of Golden Entertainment and gave the company a “buy” rating in a research note on Monday, September 24th. Deutsche Bank began coverage on shares of Golden Entertainment in a research note on Thursday, October 4th. They set a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research downgraded shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 10th. Finally, TheStreet downgraded shares of Golden Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.00.

In other news, COO Stephen A. Arcana bought 3,500 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were bought at an average cost of $14.25 per share, with a total value of $49,875.00. Following the purchase, the chief operating officer now directly owns 21,934 shares in the company, valued at $312,559.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lyle Berman sold 141,685 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $24.50, for a total transaction of $3,471,282.50. Following the sale, the director now directly owns 898,293 shares in the company, valued at $22,008,178.50. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 20,040 shares of company stock worth $283,367. Company insiders own 33.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GDEN. NumerixS Investment Technologies Inc acquired a new position in shares of Golden Entertainment in the second quarter worth $108,000. Navellier & Associates Inc acquired a new position in shares of Golden Entertainment in the second quarter worth $202,000. Quantbot Technologies LP increased its stake in shares of Golden Entertainment by 106.0% in the third quarter. Quantbot Technologies LP now owns 8,633 shares of the company’s stock worth $207,000 after acquiring an additional 4,443 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Golden Entertainment in the third quarter worth $212,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Golden Entertainment in the second quarter worth $218,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ GDEN traded up $0.54 during trading on Friday, hitting $18.19. The company had a trading volume of 369,300 shares, compared to its average volume of 371,674. The stock has a market capitalization of $494.05 million, a P/E ratio of 53.44, a P/E/G ratio of 11.39 and a beta of 0.95. Golden Entertainment has a 52 week low of $13.25 and a 52 week high of $34.45. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.41 and a current ratio of 2.50.

About Golden Entertainment

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

Featured Story: No Load Funds

Get a free copy of the Zacks research report on Golden Entertainment (GDEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.