Boyd Gaming (BYD) to Release Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $976.81 million for the quarter.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The company had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.51 EPS. On average, analysts expect Boyd Gaming to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Trading Up 1.0%

Shares of Boyd Gaming stock traded up $0.82 during trading hours on Thursday, reaching $82.51. The stock had a trading volume of 1,208,127 shares, compared to its average volume of 946,496. The firm has a 50 day simple moving average of $76.69 and a two-hundred day simple moving average of $73.07. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 2.90 and a beta of 1.26. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57. Boyd Gaming has a 1 year low of $52.76 and a 1 year high of $87.76.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.87%. Boyd Gaming's payout ratio is currently 11.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BYD. Advisors Asset Management Inc. grew its position in shares of Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company's stock worth $36,000 after acquiring an additional 196 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Boyd Gaming in the 1st quarter worth approximately $207,000. Finally, AQR Capital Management LLC grew its position in shares of Boyd Gaming by 13.9% in the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company's stock worth $628,000 after acquiring an additional 1,172 shares in the last quarter. Institutional investors and hedge funds own 76.81% of the company's stock.

Analysts Set New Price Targets

BYD has been the topic of several analyst reports. Barclays dropped their target price on Boyd Gaming from $78.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus raised their target price on Boyd Gaming from $76.00 to $87.00 and gave the company a "hold" rating in a report on Friday, July 11th. Macquarie reiterated a "neutral" rating and set a $74.00 target price on shares of Boyd Gaming in a report on Friday, April 25th. Raymond James Financial raised their target price on Boyd Gaming from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Truist Financial raised their target price on Boyd Gaming from $85.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $83.77.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.