Somewhat Positive Media Coverage Somewhat Unlikely to Impact Boyd Gaming (NYSE:BYD) Share Price

Headlines about Boyd Gaming (NYSE:BYD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boyd Gaming earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines 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 stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of NYSE:BYD traded up $1.09 on Thursday, hitting $33.12. 2,843,160 shares of the company were exchanged, compared to its average volume of 1,729,329. The company has a market cap of $3,532.75, a price-to-earnings ratio of 32.16 and a beta of 1.87. Boyd Gaming has a one year low of $21.30 and a one year high of $40.44. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.82 and a current ratio of 0.87.

Boyd Gaming (NYSE:BYD) last posted its earnings results on Tuesday, February 20th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). The business had revenue of $590.83 million during the quarter, compared to the consensus estimate of $595.28 million. Boyd Gaming had a net margin of 7.94% and a return on equity of 11.47%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. equities analysts predict that Boyd Gaming will post 1.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 16th will be paid a $0.45 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.80 dividend on an annualized basis and a yield of 5.43%. This is a boost from Boyd Gaming’s previous quarterly dividend of $0.05. Boyd Gaming’s payout ratio is presently 19.42%.

Several research analysts recently commented on BYD shares. SunTrust Banks dropped their target price on shares of Boyd Gaming to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 target price (up previously from $35.00) on shares of Boyd Gaming in a report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Boyd Gaming from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, January 3rd. Barclays reiterated an “equal weight” rating and issued a $33.00 target price (down previously from $35.00) on shares of Boyd Gaming in a report on Wednesday, February 21st. Finally, JPMorgan Chase reiterated an “overweight” rating and issued a $39.00 target price (down previously from $43.00) on shares of Boyd Gaming in a report on Wednesday, February 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $35.81.

In other Boyd Gaming news, VP Brian A. Larson sold 99,077 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $35.71, for a total value of $3,538,039.67. Following the transaction, the vice president now directly owns 104,216 shares in the company, valued at $3,721,553.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Marianne Boyd Johnson sold 89,783 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $33.87, for a total transaction of $3,040,950.21. Following the completion of the transaction, the executive vice president now owns 252,930 shares in the company, valued at $8,566,739.10. The disclosure for this sale can be found here. In the last three months, insiders sold 328,294 shares of company stock worth $11,448,808. 28.88% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Boyd Gaming (NYSE:BYD)

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