Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Boyd Gaming Corporation (BYD) Share Price
News stories about Boyd Gaming Corporation (NYSE:BYD) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boyd Gaming Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3565874034343 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Boyd Gaming Corporation (BYD) Stock Recap – Wall Street Morning (wallstreetmorning.com)
- Boyd Gaming Corp (BYD) Ends Recent Session Above Parabolic SAR – Financial News Review (finnewsreview.com)
- Boyd Gaming Corporation (BYD) Upgraded to Buy at ValuEngine (americanbankingnews.com)
- Boyd Gaming Corporation (BYD) Declares $0.05 Quarterly Dividend (americanbankingnews.com)
- A Different Look at What’s Behind Boyd Gaming Corp (BYD) Shares – Evergreen Caller (evergreencaller.com)
Boyd Gaming Corporation (NYSE BYD) opened at 26.64 on Monday. The company’s 50-day moving average price is $26.11 and its 200 day moving average price is $23.93. Boyd Gaming Corporation has a 12 month low of $16.77 and a 12 month high of $26.97. The firm has a market capitalization of $3.00 billion, a PE ratio of 7.04 and a beta of 1.92.
Boyd Gaming Corporation (NYSE:BYD) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $599.87 million for the quarter, compared to analyst estimates of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. Boyd Gaming Corporation’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts predict that Boyd Gaming Corporation will post $1.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. Boyd Gaming Corporation’s dividend payout ratio (DPR) is currently 5.25%.
BYD has been the subject of several recent research reports. Barclays PLC upped their price objective on Boyd Gaming Corporation from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Telsey Advisory Group upped their price objective on Boyd Gaming Corporation from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research cut Boyd Gaming Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub cut Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $29.00 price objective (down from $30.00) on shares of Boyd Gaming Corporation in a research report on Sunday, July 30th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Boyd Gaming Corporation presently has an average rating of “Buy” and a consensus target price of $26.87.
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In other Boyd Gaming Corporation news, VP William R. Boyd sold 10,000 shares of Boyd Gaming Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $26.55, for a total transaction of $265,500.00. Following the completion of the transaction, the vice president now owns 8,251 shares in the company, valued at approximately $219,064.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William S. Boyd sold 76,531 shares of Boyd Gaming Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total value of $1,927,050.58. The disclosure for this sale can be found here. 29.16% of the stock is currently owned by insiders.
About Boyd Gaming Corporation
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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