Analysts expect Boyd Gaming Co. (NYSE:BYD) to post sales of $603.65 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Boyd Gaming’s earnings, with the lowest sales estimate coming in at $595.80 million and the highest estimate coming in at $615.90 million. Boyd Gaming reported sales of $587.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is scheduled to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that Boyd Gaming will report full-year sales of $2.43 billion for the current financial year, with estimates ranging from $2.43 billion to $2.44 billion. For the next fiscal year, analysts expect that the business will report sales of $2.48 billion per share, with estimates ranging from $2.47 billion to $2.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Boyd Gaming.

Boyd Gaming (NYSE:BYD) last announced its earnings results on Thursday, July 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Boyd Gaming had a return on equity of 12.73% and a net margin of 7.72%. The firm had revenue of $616.80 million during the quarter, compared to analyst estimates of $608.94 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue was up 2.1% compared to the same quarter last year.

Several research analysts have recently issued reports on BYD shares. Zacks Investment Research raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, July 16th. Jefferies Financial Group raised Boyd Gaming from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 14th. Telsey Advisory Group decreased their target price on Boyd Gaming from $36.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. ValuEngine raised Boyd Gaming from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Barclays raised Boyd Gaming from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $40.00 in a research report on Tuesday, May 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Boyd Gaming presently has an average rating of “Buy” and a consensus target price of $40.75.

Shares of NYSE:BYD traded up $0.77 during trading on Wednesday, hitting $36.57. The stock had a trading volume of 686,400 shares, compared to its average volume of 1,414,526. Boyd Gaming has a 12 month low of $24.52 and a 12 month high of $40.44. The firm has a market capitalization of $3.94 billion, a P/E ratio of 35.50 and a beta of 1.69. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.99 and a current ratio of 2.03.

Several institutional investors have recently bought and sold shares of the stock. Amalgamated Bank grew its stake in shares of Boyd Gaming by 11.5% in the 2nd quarter. Amalgamated Bank now owns 13,302 shares of the company’s stock worth $461,000 after buying an additional 1,374 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Boyd Gaming by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 57,039 shares of the company’s stock worth $1,977,000 after buying an additional 1,433 shares during the last quarter. Buckley Wealth Management LLC grew its stake in shares of Boyd Gaming by 7.6% in the 2nd quarter. Buckley Wealth Management LLC now owns 21,188 shares of the company’s stock worth $734,000 after buying an additional 1,500 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Boyd Gaming by 13.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,813 shares of the company’s stock worth $472,000 after buying an additional 1,771 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Boyd Gaming by 100.9% in the 1st quarter. LS Investment Advisors LLC now owns 4,453 shares of the company’s stock worth $142,000 after buying an additional 2,237 shares during the last quarter. Institutional investors own 73.63% of the company’s stock.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. As of December 31, 2017, the company owned and operated 24 gaming entertainment properties offering a total of 1,358,856 square feet of casino space, 30,267 slot machines, 632 table games, and 9,372 hotel rooms located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi.

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