Boyd Gaming (NYSE:BYD) posted its earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Briefing.com reports. The company 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 16.82%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share.
Shares of Boyd Gaming stock opened at $33.91 on Friday. The firm has a 50-day simple moving average of $30.69 and a two-hundred day simple moving average of $27.78. The company has a market cap of $3.86 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.26 and a beta of 2.19. Boyd Gaming has a fifty-two week low of $21.76 and a fifty-two week high of $36.22. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.67 and a current ratio of 0.71.
A number of research firms recently issued reports on BYD. Deutsche Bank boosted their target price on shares of Boyd Gaming from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Boyd Gaming from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group downgraded shares of Boyd Gaming from a “buy” rating to a “hold” rating and boosted their target price for the company from $33.00 to $34.00 in a research report on Monday, January 6th. Stifel Nicolaus upped their price objective on shares of Boyd Gaming from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wolfe Research downgraded shares of Boyd Gaming from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
Boyd Gaming Company Profile
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.
Featured Story: What is a stock split?
Receive News & Ratings for Boyd Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boyd Gaming and related companies with MarketBeat.com's FREE daily email newsletter.