Equities research analysts predict that Golden Entertainment Inc (NASDAQ:GDEN) will post $249.18 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Golden Entertainment’s earnings, with estimates ranging from $248.65 million to $249.70 million. Golden Entertainment reported sales of $216.54 million during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The company is expected to announce its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Golden Entertainment will report full year sales of $974.38 million for the current year, with estimates ranging from $973.10 million to $975.66 million. For the next fiscal year, analysts forecast that the firm will report sales of $995.24 million, with estimates ranging from $987.30 million to $1.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.68). The company had revenue of $210.13 million during the quarter, compared to analyst estimates of $208.98 million. Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.47%.

GDEN has been the subject of several recent research reports. ValuEngine cut Golden Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. BidaskClub raised Golden Entertainment from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 21st. Zacks Investment Research cut Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 19th. Finally, Deutsche Bank decreased their price target on Golden Entertainment from $38.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Golden Entertainment presently has a consensus rating of “Hold” and an average price target of $24.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDEN. Intrinsic Edge Capital Management LLC acquired a new stake in Golden Entertainment during the fourth quarter worth approximately $8,134,000. Penn Capital Management Co. Inc. grew its stake in Golden Entertainment by 127.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock worth $15,041,000 after purchasing an additional 489,591 shares during the period. 1060 Capital LLC acquired a new stake in Golden Entertainment during the fourth quarter worth approximately $5,023,000. Goldman Sachs Group Inc. grew its stake in Golden Entertainment by 31.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,025,604 shares of the company’s stock worth $14,523,000 after purchasing an additional 244,045 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Golden Entertainment by 80.5% during the fourth quarter. New York State Common Retirement Fund now owns 411,205 shares of the company’s stock worth $6,588,000 after purchasing an additional 183,384 shares during the period. 60.72% of the stock is owned by institutional investors and hedge funds.

Shares of GDEN stock opened at $12.90 on Monday. The stock has a market capitalization of $361.87 million, a PE ratio of -24.34 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. Golden Entertainment has a 1-year low of $12.66 and a 1-year high of $34.45.

About Golden Entertainment

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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