Press coverage about Boyd Gaming (NYSE:BYD) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Boyd Gaming earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3249588321415 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Telsey Advisory Group Initiates Coverage on Boyd Gaming (BYD) (americanbankingnews.com)
- Boyd Gaming Co. (BYD) Expected to Announce Quarterly Sales of $608.00 Million (americanbankingnews.com)
- Tiny California Tribe Pays Highest Interest on Casino Junk Bond Since Economic Crash (casino.org)
- Louisiana gambling industry could see big changes during upcoming legislative session (theadvocate.com)
- Las Vegas Sands selling Bethlehem casino for $1.3 billion (lehighvalleylive.com)
BYD has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. SunTrust Banks reduced their price objective on Boyd Gaming to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Morgan Stanley restated an “equal weight” rating and issued a $34.00 price objective (down previously from $35.00) on shares of Boyd Gaming in a research note on Wednesday, February 21st. ValuEngine downgraded Boyd Gaming from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Jefferies Group assumed coverage on Boyd Gaming in a research note on Thursday, January 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Boyd Gaming has an average rating of “Buy” and a consensus price target of $35.50.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $595.28 million. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. research analysts forecast that Boyd Gaming will post 1.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.80 annualized dividend and a yield of 5.40%. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.05. Boyd Gaming’s dividend payout ratio (DPR) is currently 21.51%.
In other Boyd Gaming news, VP Brian A. Larson sold 99,077 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $35.71, for a total value of $3,538,039.67. Following the completion of the transaction, the vice president now owns 104,216 shares in the company, valued at approximately $3,721,553.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP William R. Boyd sold 7,528 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $35.23, for a total value of $265,211.44. Following the completion of the transaction, the vice president now owns 3,714 shares of the company’s stock, valued at approximately $130,844.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,605 shares of company stock valued at $6,314,851. 29.16% of the stock is owned by corporate insiders.
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Boyd Gaming Company Profile
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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