Boyd Gaming Co. (NYSE:BYD) – Research analysts at SunTrust Banks upped their Q1 2020 earnings estimates for shares of Boyd Gaming in a research report issued on Tuesday, March 17th. SunTrust Banks analyst B. Jonas now anticipates that the company will post earnings of $0.50 per share for the quarter, up from their prior estimate of $0.49. SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Boyd Gaming’s Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.46 EPS, Q4 2020 earnings at $0.54 EPS, FY2020 earnings at $2.05 EPS and FY2021 earnings at $2.20 EPS.
Boyd Gaming (NYSE:BYD) last released its earnings results on Thursday, February 20th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $833.13 million during the quarter, compared to the consensus estimate of $828.46 million. Boyd Gaming had a net margin of 4.74% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share.
A number of other analysts have also recently commented on BYD. Argus cut shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Boyd Gaming from a “hold” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley increased their price target on shares of Boyd Gaming from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group cut shares of Boyd Gaming from a “buy” rating to a “hold” rating and increased their price target for the company from $33.00 to $34.00 in a research note on Monday, January 6th. Finally, TheStreet cut shares of Boyd Gaming from a “b-” rating to a “c+” rating in a research note on Monday, March 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.55.
Boyd Gaming stock opened at $11.60 on Friday. The company has a market cap of $875.00 million, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.37 and a beta of 2.14. Boyd Gaming has a 1-year low of $6.44 and a 1-year high of $36.22. The company has a fifty day simple moving average of $26.31 and a 200 day simple moving average of $27.48. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 3.62.
In related news, VP William R. Boyd bought 1,500 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $19.70 per share, for a total transaction of $29,550.00. Following the purchase, the vice president now owns 45,289 shares in the company, valued at approximately $892,193.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 29.08% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. acquired a new stake in shares of Boyd Gaming during the 4th quarter worth about $47,000. Strs Ohio lifted its stake in shares of Boyd Gaming by 200.0% during the 4th quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $80,000 after buying an additional 1,800 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Boyd Gaming by 16.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,202 shares of the company’s stock worth $101,000 after buying an additional 589 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Boyd Gaming by 35.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,100 shares of the company’s stock worth $123,000 after purchasing an additional 1,067 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Boyd Gaming by 140.6% in the 4th quarter. LS Investment Advisors LLC now owns 4,165 shares of the company’s stock worth $125,000 after purchasing an additional 2,434 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.
About Boyd Gaming
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.