Boyd Gaming Corporation Company Profile (NYSE:BYD)

Boyd Gaming Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "BYD."

Boyd Gaming Corporation announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 15th will be given a dividend of $0.05 per share on Saturday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, June 13th. View Boyd Gaming Corporation's Dividend History.

Boyd Gaming Corporation (NYSE:BYD) issued its quarterly earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.30 by $0.04. The company earned $599.87 million during the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a return on equity of 13.31% and a net margin of 19.15%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. View Boyd Gaming Corporation's Earnings History.

Boyd Gaming Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Boyd Gaming Corporation.

14 brokerages have issued 12-month target prices for Boyd Gaming Corporation's shares. Their forecasts range from $23.00 to $30.00. On average, they anticipate Boyd Gaming Corporation's stock price to reach $26.79 in the next year. View Analyst Ratings for Boyd Gaming Corporation.

Here are some recent quotes from research analysts about Boyd Gaming Corporation stock:

• 1. According to Zacks Investment Research, "Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. " (7/31/2017)
• 2. Imperial Capital analysts commented, "We have an Outperform rating on the BYD equity shares with a one-year price target of $26, approximately 28% above the recent share price. Our price target is based on a sum-of-the-parts analysis, as shown in Figure 4. The BYD shares have largely traded flat over the past year, as the shares started 2016 at $19.87. This past year was a transformation for Boyd, as it sold its 50% interest in the Borgata, acquired three casinos in the Las Vegas Locals market, refinanced its balance sheet, and consolidated its Peninsula Gaming subsidiary. We expect these transactions to lead to total leverage declining to around 5.0x by the end of 2017 providing Boyd with considerable dry powder to pursue future opportunities. Our $26 price target values the company at 9.2x, which is consistent with its peers." (2/21/2017)
• 3. Instinet analysts commented, "Excessively Conservative Guidance; Raising Estimates and Target. We see continued upside in BTD shares given 1) upside to conservative guidance; 2) a strengthening balance sheet 3) excess cash generation which starts accreting to shareholders around the middle of this year." (2/15/2017)
• 4. Aegis analysts commented, "We are initiating coverage of Boyd Gaming Corporation ('BYD') with a Buy rating and $24 price target, implying a ~15% gain from the current price. BYD's Las Vegas portfolio should benefit from strengthening Las Vegas macro trends and its regional gaming assets should benefit from improved consumer sentiment, lapsing competition and margin refinements. The above, combined with undemanding valuation, lead us to be positive on shares."Commenting on why BYD is a Buy. "1) BYD is ~30% weighted to the Locals Las Vegas market (~40% to Las Vegas overall with its Downtown properties incorporated), where we see strong macro trends ' the Las Vegas Locals market is BYD's fastest growing business segment and is the division that leads its stock valuation; 2) Most of BYD's regional markets should benefit from slightly better broad based consumer trends and lapsing competition (Mississippi, in particular); 3) BYD is re-looking at cost refinements and has previously shown significant traction in this regard ' we see the same holding true to the benefit of CY17 estimates especially in its non-Las Vegas markets; 4) BYD carries an attractive mid-teens free cash flow yield and we believe will reduce leverage to 4.7x from 5.4x by the end of CY17." (2/13/2017)

Some companies that are related to Boyd Gaming Corporation include Churchill Downs, Incorporated (CHDN), Ladbrokes Coral Group PLC (LCL), William Hill plc (WMH), Caesars Entertainment Corporation (CZR), Red Rock Resorts (RRR), Pinnacle Entertainment (PNK), 888 Holdings Public Limited Company (888), Rank Group PLC (RNK), Jackpotjoy PLC (JPJ), Golden Entertainment (GDEN), Sportech plc (SPO), Betfair Group Ltd (BET), Bwin.party Digital Entertainment Plc (BPTY), Eldorado Resorts (ERI), Isle of Capri Casinos (ISLE) and Ladbrokes Coral Group PLC (LAD).

Boyd Gaming Corporation's management team includes the folowing people:

• William S. Boyd, Executive Chairman of the Board
• Keith E. Smith, President, Chief Executive Officer, Director
• Marianne Boyd Johnson, Vice Chairman of the Board, Executive Vice President
• Josh Hirsberg, Chief Financial Officer, Executive Vice President, Treasurer
• Brian A. Larson, Executive Vice President, Secretary and General Counsel
• Theodore A. Bogich, Executive Vice President - Operations
• Stephen S Thompson, Executive Vice President - Operations
• Anthony D. McDuffie, Vice President and Chief Accounting Officer (Principal Accounting Officer)
• William R. Boyd, Vice President, Director
• Robert L. Boughner, Director

Boyd Gaming Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.68%), Vanguard Group Inc. (6.77%), Gamco Investors INC. ET AL (2.01%), State Street Corp (1.73%), Pinnacle Associates Ltd. (1.41%) and FMR LLC (1.25%). Company insiders that own Boyd Gaming Corporation stock include Brian A Larson, John Robert Bailey, Keith Smith, Marianne Boyd Johnson, Paul W Whetsell, Robert L Boughner, William R Boyd and William S Boyd. View Institutional Ownership Trends for Boyd Gaming Corporation.

Boyd Gaming Corporation's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Voya Investment Management LLC, Caxton Associates LP, Mesirow Financial Investment Management Equity Management, TIAA CREF Investment Management LLC, Numeric Investors LLC and Gamco Investors INC. ET AL. Company insiders that have sold Boyd Gaming Corporation stock in the last year include Brian A Larson, Keith Smith, Marianne Boyd Johnson, Robert L Boughner, William R Boyd and William S Boyd. View Insider Buying and Selling for Boyd Gaming Corporation.

Boyd Gaming Corporation's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Westfield Capital Management Co. LP, Bamco Inc. NY, BlueCrest Capital Management Ltd, Balyasny Asset Management LLC, Cullinan Associates Inc., Marshall Wace North America L.P. and Pier Capital LLC. Company insiders that have bought Boyd Gaming Corporation stock in the last two years include John Robert Bailey and Paul W Whetsell. View Insider Buying and Selling for Boyd Gaming Corporation.

Shares of Boyd Gaming Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Boyd Gaming Corporation stock can currently be purchased for approximately $25.83.