Boyd Gaming (NYSE:BYD – Get Free Report) released its earnings results on Thursday. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09, Briefing.com reports. Boyd Gaming had a return on equity of 34.08% and a net margin of 13.32%. The business had revenue of $967.50 million for the quarter, compared to the consensus estimate of $909.49 million. During the same quarter in the previous year, the business earned $1.58 earnings per share. Boyd Gaming’s quarterly revenue was up 5.5% on a year-over-year basis.
Boyd Gaming Price Performance
Shares of NYSE BYD opened at $61.05 on Friday. The stock has a market capitalization of $5.79 billion, a PE ratio of 10.96 and a beta of 1.58. Boyd Gaming has a fifty-two week low of $49.34 and a fifty-two week high of $72.01. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.80 and a quick ratio of 0.77. The business has a fifty day moving average price of $54.78 and a two-hundred day moving average price of $59.78.
Boyd Gaming Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Saturday, June 15th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.11%. Boyd Gaming’s dividend payout ratio is presently 12.21%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Barclays cut their price objective on Boyd Gaming from $70.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Stifel Nicolaus upped their target price on shares of Boyd Gaming from $65.00 to $67.00 and gave the company a “hold” rating in a report on Friday. Mizuho reduced their price target on Boyd Gaming from $80.00 to $78.00 and set a “buy” rating for the company in a report on Friday, April 26th. Truist Financial dropped their price objective on Boyd Gaming from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Wells Fargo & Company reduced their target price on Boyd Gaming from $82.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.31.
Read Our Latest Stock Report on Boyd Gaming
Insider Activity at Boyd Gaming
In other Boyd Gaming news, Director Christine J. Spadafor sold 1,874 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $53.38, for a total value of $100,034.12. Following the transaction, the director now directly owns 2,338 shares of the company’s stock, valued at approximately $124,802.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.94% of the stock is owned by insiders.
Boyd Gaming 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. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.
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