Boyd Gaming (BYD) Projected to Post Quarterly Earnings on Thursday

Key Points

• Boyd Gaming is scheduled to release its Q3 2025 earnings on Thursday, October 23rd, with analysts expecting earnings of $1.53 per share and revenue of approximately $873 million.
• The company recently declared a quarterly dividend of $0.18 per share, reflecting an annualized yield of 0.9%, with a payout ratio of 11.08%.
• Recent analyst reports have seen varied ratings for Boyd Gaming, with an average target price of $87.83; seven analysts rated it as a Buy, while one placed a Sell rating.

Boyd Gaming (NYSE:BYD - Get Free Report) is anticipated to issue its Q3 2025 results after the market closes on Thursday, October 23rd. Analysts expect the company to announce earnings of $1.53 per share and revenue of $873.0920 million for the quarter. Investors can check the company's upcoming Q3 2025 earningsummary page for the latest details on the call scheduled for Thursday, October 23, 2025 at 5:00 PM ET.

Boyd Gaming (NYSE:BYD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $1.35 earnings per share (EPS) for the quarter. The business had revenue of $707.32 million during the quarter. Boyd Gaming had a return on equity of 40.65% and a net margin of 14.02%. 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 Stock Performance

Shares of BYD opened at $83.25 on Thursday. The stock has a 50-day simple moving average of $84.56 and a 200-day simple moving average of $77.97. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $6.67 billion, a PE ratio of 12.81, a PEG ratio of 2.34 and a beta of 1.30. Boyd Gaming has a 1 year low of $58.94 and a 1 year high of $88.49.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 15th were paid a $0.18 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Boyd Gaming's payout ratio is currently 11.08%.

Analysts Set New Price Targets

BYD has been the subject of several recent analyst reports. Susquehanna cut shares of Boyd Gaming from a "positive" rating to a "neutral" rating and lifted their price objective for the stock from $76.00 to $86.00 in a research report on Friday, July 11th. Stifel Nicolaus lifted their price target on Boyd Gaming from $87.00 to $90.00 and gave the stock a "hold" rating in a report on Friday, July 25th. Macquarie lifted their price target on Boyd Gaming from $74.00 to $88.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Barclays lifted their price target on Boyd Gaming from $73.00 to $87.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, Morgan Stanley restated a "sell" rating on shares of Boyd Gaming in a research note on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Boyd Gaming has a consensus rating of "Hold" and an average target price of $87.83.

Insider Transactions at Boyd Gaming

In other news, Director William R. Boyd sold 9,774 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $81.61, for a total value of $797,656.14. Following the completion of the sale, the director directly owned 15,188 shares of the company's stock, valued at approximately $1,239,492.68. This represents a 39.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith Smith sold 25,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $85.21, for a total transaction of $2,130,250.00. Following the completion of the sale, the chief executive officer directly owned 1,046,689 shares of the company's stock, valued at $89,188,369.69. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 385,438 shares of company stock worth $32,638,085 over the last 90 days. Company insiders own 27.94% of the company's stock.

Institutional Trading of Boyd Gaming

Several institutional investors and hedge funds have recently added to or reduced their stakes in BYD. Quantinno Capital Management LP raised its stake in shares of Boyd Gaming by 34.1% during the second quarter. Quantinno Capital Management LP now owns 384,999 shares of the company's stock worth $30,119,000 after purchasing an additional 97,940 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Boyd Gaming by 14.6% during the second quarter. Ameriprise Financial Inc. now owns 211,309 shares of the company's stock worth $16,532,000 after purchasing an additional 26,949 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Boyd Gaming by 124.9% during the second quarter. Treasurer of the State of North Carolina now owns 128,632 shares of the company's stock worth $10,063,000 after purchasing an additional 71,429 shares during the last quarter. Hudson Bay Capital Management LP raised its position in Boyd Gaming by 35.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 124,536 shares of the company's stock worth $9,742,000 after buying an additional 32,254 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Boyd Gaming by 0.9% during the 2nd quarter. California Public Employees Retirement System now owns 121,645 shares of the company's stock worth $9,516,000 after buying an additional 1,092 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

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.

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