Boyd Gaming (BYD) Set to Announce Earnings on Thursday

Boyd Gaming (NYSE:BYD) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $954.41 million for the quarter, compared to the consensus estimate of $928.04 million. Boyd Gaming had a return on equity of 36.97% and a net margin of 16.58%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. On average, analysts expect Boyd Gaming to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Price Performance

Shares of BYD stock opened at $63.58 on Wednesday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.93 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.65. Boyd Gaming has a 12 month low of $52.42 and a 12 month high of $73.00. The stock has a 50-day moving average price of $64.25 and a 200 day moving average price of $62.05.

Boyd Gaming Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.07%. Boyd Gaming’s dividend payout ratio (DPR) is presently 11.15%.

Insider Buying and Selling at Boyd Gaming

In other news, major shareholder William S. Boyd sold 125,000 shares of Boyd Gaming stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.77, for a total value of $7,971,250.00. Following the sale, the insider now directly owns 9,358,913 shares in the company, valued at $596,817,882.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director A. Randall Thoman sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.75, for a total value of $159,375.00. Following the completion of the sale, the director now directly owns 4,017 shares in the company, valued at approximately $256,083.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William S. Boyd sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.77, for a total value of $7,971,250.00. Following the completion of the sale, the insider now directly owns 9,358,913 shares of the company’s stock, valued at $596,817,882.01. The disclosure for this sale can be found here. Insiders have sold 582,910 shares of company stock valued at $37,299,461 in the last 90 days. 28.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Susquehanna reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $84.00) on shares of Boyd Gaming in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of Boyd Gaming from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley boosted their price objective on shares of Boyd Gaming from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 target price on shares of Boyd Gaming in a research note on Friday, January 5th. Finally, Wells Fargo & Company lifted their price target on shares of Boyd Gaming from $81.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.30.

About Boyd Gaming

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.