Boyd Gaming (BYD) Projected to Announce Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD) is expected to be issuing its Q2 2026 results after the market closes on Thursday, July 23rd. Analysts expect Boyd Gaming to announce earnings of $1.86 per share and revenue of $1.0377 billion for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 23, 2026 at 5:00 PM ET.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). The firm had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 44.84% and a return on equity of 25.63%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. On average, analysts expect Boyd Gaming to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Boyd Gaming Stock Down 1.1%

Boyd Gaming stock opened at $87.17 on Wednesday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 3.82, a P/E/G ratio of 2.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.60 and a quick ratio of 0.58. Boyd Gaming has a fifty-two week low of $76.33 and a fifty-two week high of $91.00. The firm has a fifty day moving average price of $85.40 and a two-hundred day moving average price of $84.84.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 15th. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.51%.

Boyd Gaming declared that its board has approved a share repurchase program on Thursday, April 23rd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Boyd Gaming news, CEO Keith Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total transaction of $8,590,000.00. Following the completion of the transaction, the chief executive officer owned 996,981 shares in the company, valued at $85,640,667.90. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $84.03, for a total value of $5,286,663.42. Following the transaction, the chairman owned 1,609,808 shares of the company’s stock, valued at $135,272,166.24. This trade represents a 3.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 200,000 shares of company stock valued at $17,038,987 in the last three months. Company insiders own 22.82% of the company’s stock.

Institutional Investors Weigh In On Boyd Gaming

A number of hedge funds have recently added to or reduced their stakes in BYD. Arrowstreet Capital Limited Partnership raised its stake in shares of Boyd Gaming by 11.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,478,130 shares of the company’s stock worth $127,784,000 after acquiring an additional 153,462 shares during the last quarter. Invesco Ltd. lifted its position in shares of Boyd Gaming by 118.2% during the fourth quarter. Invesco Ltd. now owns 1,427,828 shares of the company’s stock worth $121,708,000 after purchasing an additional 773,394 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Boyd Gaming by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,221,283 shares of the company’s stock valued at $105,580,000 after purchasing an additional 173,868 shares during the last quarter. Nuveen LLC grew its stake in shares of Boyd Gaming by 10.6% during the fourth quarter. Nuveen LLC now owns 1,080,331 shares of the company’s stock valued at $92,087,000 after purchasing an additional 103,684 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Boyd Gaming by 12.4% in the fourth quarter. Victory Capital Management Inc. now owns 969,264 shares of the company’s stock valued at $82,620,000 after purchasing an additional 106,638 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Boyd Gaming from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Morgan Stanley reaffirmed a “mixed” rating on shares of Boyd Gaming in a report on Wednesday, April 8th. Benchmark started coverage on Boyd Gaming in a research report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target on the stock. Texas Capital upgraded Boyd Gaming to a “strong-buy” rating in a report on Wednesday, June 3rd. Finally, Susquehanna cut their price target on Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Boyd Gaming presently has a consensus rating of “Hold” and a consensus target price of $94.15.

About Boyd Gaming

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.