Boyd Gaming (BYD) Issues Q1 Earnings Guidance
Boyd Gaming (BYD) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of ($0.05)-(0.10) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21.
BYD has been the subject of a number of recent research reports. Analysts at Goldman Sachs reiterated a sell rating on shares of Boyd Gaming in a research note to investors on Monday. Finally, analysts at Zacks upgraded shares of Boyd Gaming from an underperform rating to a neutral rating in a research note to investors on Thursday, December 27th. They now have a $6.90 price target on the stock.
Two analysts have rated the stock with a buy rating, ten have assigned a hold rating, one has assigned an underweight rating, and three have issued a sell rating to the company’s stock. The stock currently has an average rating of hold and a consensus price target of $6.13.
Shares of Boyd Gaming (BYD) traded up 7.12% during mid-day trading on Monday, hitting $6.92. Boyd Gaming (BYD) has a one year low of $4.75 and a one year high of $8.52. The stock’s 50-day moving average is currently $6.80. The company’s market cap is $599.2 million.
Boyd Gaming last announced its earnings results on Monday, March 4th. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.13) by $0.18. The company had revenue of $625.80 million for the quarter, compared to the consensus estimate of $635.37 million. During the same quarter last year, the company posted ($0.03) earnings per share. Boyd Gaming’s revenue was up 3.1% compared to the same quarter last year. Boyd Gaming has set its Q1 guidance at ($0.05)-(0.10) EPS. Analysts expect that Boyd Gaming (BYD) will post $-0.11 EPS for the current fiscal year.
Boyd Gaming Corporation (Boyd Gaming) is a multi-jurisdictional gaming company. As of December 31, 2009, the Company’s wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana.
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