Boyd Gaming (BYD) Earns News Sentiment Rating of 0.07
Media stories about Boyd Gaming (NYSE:BYD) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boyd Gaming earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.7138070833866 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Boyd Gaming Co. (BYD) to Issue Quarterly Dividend of $0.45 (americanbankingnews.com)
- Boyd Gaming Co. (BYD) VP Sells $265,211.44 in Stock (americanbankingnews.com)
- Boyd Gaming (BYD) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- EAM Investors LLC Takes $2.40 Million Position in Boyd Gaming Co. (BYD) (americanbankingnews.com)
- OppenheimerFunds Inc. Has $32.77 Million Position in Boyd Gaming Co. (BYD) (americanbankingnews.com)
A number of equities analysts have issued reports on BYD shares. Zacks Investment Research cut Boyd Gaming from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. SunTrust Banks cut their price target on Boyd Gaming to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Morgan Stanley restated an “equal weight” rating and set a $34.00 price target (down from $35.00) on shares of Boyd Gaming in a report on Wednesday, February 21st. ValuEngine cut Boyd Gaming from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group started coverage on Boyd Gaming in a report on Thursday, January 18th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Boyd Gaming presently has a consensus rating of “Buy” and an average price target of $35.50.
Boyd Gaming (NYSE:BYD) last issued its earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Boyd Gaming had a return on equity of 11.47% and a net margin of 7.94%. The firm had revenue of $590.83 million during the quarter, compared to the consensus estimate of $595.28 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. Boyd Gaming’s revenue for the quarter was up 6.5% on a year-over-year basis. analysts predict that Boyd Gaming will post 1.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 16th will be issued a $0.45 dividend. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.05. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.10%. Boyd Gaming’s dividend payout ratio (DPR) is currently 12.20%.
In related news, VP William R. Boyd sold 7,528 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $35.23, for a total value of $265,211.44. Following the transaction, the vice president now directly owns 3,714 shares in the company, valued at approximately $130,844.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 29.16% of the stock is owned by company insiders.
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About Boyd Gaming
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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