Boyd Gaming (NYSE:BYD) released its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04), RTT News reports. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The firm had revenue of $590.83 million during the quarter, compared to analyst estimates of $595.28 million. During the same period in the prior year, the company earned $0.38 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.
Boyd Gaming (BYD) traded up $0.26 during trading on Tuesday, hitting $37.60. The company’s stock had a trading volume of 2,587,276 shares, compared to its average volume of 1,814,682. The company has a market cap of $4,199.74, a PE ratio of 36.13 and a beta of 1.87. Boyd Gaming has a 52-week low of $19.39 and a 52-week high of $40.44. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.73 and a quick ratio of 0.68.
BYD has been the subject of several recent research reports. Morgan Stanley set a $28.00 price objective on Boyd Gaming and gave the company a “hold” rating in a research note on Tuesday, October 24th. SunTrust Banks reissued a “buy” rating and set a $27.00 target price on shares of Boyd Gaming in a research report on Tuesday, October 24th. Stifel Nicolaus increased their target price on shares of Boyd Gaming from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Boyd Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.93.
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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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