Boyd Gaming (BYD) Set to Announce Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD - Get Free Report) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Boyd Gaming to post earnings of $1.56 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Boyd Gaming (NYSE:BYD - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $954.41 million during the quarter, compared to the consensus estimate of $928.04 million. Boyd Gaming had a net margin of 16.58% and a return on equity of 36.97%. Boyd Gaming's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. On average, analysts expect Boyd Gaming to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Price Performance

Boyd Gaming stock traded down $0.77 during mid-day trading on Thursday, hitting $62.92. The stock had a trading volume of 733,804 shares, compared to its average volume of 732,895. The firm has a market capitalization of $6.02 billion, a P/E ratio of 10.44, a P/E/G ratio of 3.03 and a beta of 1.60. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm's 50 day moving average is $64.47 and its 200 day moving average is $61.91. Boyd Gaming has a one year low of $52.42 and a one year high of $73.00.

Boyd Gaming Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Boyd Gaming's previous quarterly dividend of $0.16. Boyd Gaming's dividend payout ratio is 11.15%.

Analysts Set New Price Targets

Several research firms have commented on BYD. Morgan Stanley increased their price objective on shares of Boyd Gaming from $71.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Boyd Gaming from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Truist Financial upped their target price on shares of Boyd Gaming from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Stifel Nicolaus restated a "hold" rating and set a $69.00 target price on shares of Boyd Gaming in a research report on Friday, January 5th. Finally, StockNews.com upgraded shares of Boyd Gaming from a "hold" rating to a "buy" rating in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.30.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 77,661 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $64.87, for a total value of $5,037,869.07. Following the completion of the sale, the chairman now directly owns 1,511,433 shares in the company, valued at $98,046,658.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Chairman Marianne Boyd Johnson sold 77,661 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $64.87, for a total transaction of $5,037,869.07. Following the completion of the transaction, the chairman now owns 1,511,433 shares of the company's stock, valued at $98,046,658.71. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Keith Smith sold 75,000 shares of Boyd Gaming stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $63.92, for a total transaction of $4,794,000.00. Following the completion of the sale, the chief executive officer now owns 1,119,625 shares in the company, valued at approximately $71,566,430. The disclosure for this sale can be found here. Insiders sold a total of 582,910 shares of company stock worth $37,299,461 over the last three months. Corporate insiders own 27.94% of the company's stock.

Hedge Funds Weigh In On Boyd Gaming

Institutional investors and hedge funds have recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its position in Boyd Gaming by 237.6% during the first quarter. Belpointe Asset Management LLC now owns 655 shares of the company's stock worth $42,000 after acquiring an additional 461 shares during the last quarter. Quarry LP boosted its position in Boyd Gaming by 130.3% during the first quarter. Quarry LP now owns 822 shares of the company's stock worth $53,000 after acquiring an additional 465 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Boyd Gaming during the first quarter worth about $86,000. Captrust Financial Advisors boosted its position in Boyd Gaming by 13.3% during the second quarter. Captrust Financial Advisors now owns 3,706 shares of the company's stock worth $184,000 after acquiring an additional 436 shares during the last quarter. Finally, State of Wyoming acquired a new position in Boyd Gaming during the fourth quarter worth about $201,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

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.