Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) - Research analysts at B. Riley decreased their Q2 2024 earnings estimates for Golden Entertainment in a research note issued on Thursday, May 9th. B. Riley analyst D. Bain now forecasts that the company will earn $0.17 per share for the quarter, down from their previous forecast of $0.23. B. Riley currently has a "Buy" rating and a $46.00 target price on the stock. The consensus estimate for Golden Entertainment's current full-year earnings is $1.13 per share. B. Riley also issued estimates for Golden Entertainment's Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.35 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.63 EPS.
Several other analysts have also recently issued reports on GDEN. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday. Truist Financial reduced their price target on shares of Golden Entertainment from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, April 23rd. JMP Securities cut their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a "market outperform" rating on the stock in a research note on Friday, March 1st. Finally, StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Monday, March 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Golden Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $42.75.
Read Our Latest Stock Report on Golden Entertainment
Golden Entertainment Trading Down 2.1 %
NASDAQ GDEN traded down $0.70 during trading hours on Friday, hitting $31.76. 245,620 shares of the company's stock were exchanged, compared to its average volume of 166,249. The business's 50 day moving average is $34.00 and its 200-day moving average is $36.41. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. Golden Entertainment has a 12-month low of $30.35 and a 12-month high of $47.49. The firm has a market capitalization of $919.28 million, a P/E ratio of 3.84 and a beta of 2.26.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The firm had revenue of $230.69 million during the quarter, compared to analyst estimates of $228.75 million. Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%.
Golden Entertainment Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, June 14th. Golden Entertainment's payout ratio is currently 12.08%.
Hedge Funds Weigh In On Golden Entertainment
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Golden Entertainment by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,588,940 shares of the company's stock worth $58,521,000 after purchasing an additional 14,957 shares during the period. Crown Advisors Management Inc. raised its position in Golden Entertainment by 100.0% in the first quarter. Crown Advisors Management Inc. now owns 100,000 shares of the company's stock worth $3,683,000 after acquiring an additional 50,000 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Golden Entertainment by 25.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company's stock valued at $267,000 after acquiring an additional 1,480 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Golden Entertainment by 21.1% during the 1st quarter. William Blair Investment Management LLC now owns 640,420 shares of the company's stock valued at $23,587,000 after purchasing an additional 111,701 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Golden Entertainment by 15.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,212 shares of the company's stock valued at $523,000 after purchasing an additional 1,896 shares in the last quarter. Institutional investors own 70.73% of the company's stock.
About Golden Entertainment
(
Get Free Report)
Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.
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