News headlines about Boyd Gaming Corporation (NYSE:BYD) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boyd Gaming Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.538767408675 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- $587.53 Million in Sales Expected for Boyd Gaming Corporation (BYD) This Quarter (americanbankingnews.com)
- Boyd Gaming Corporation Forecasted to Post FY2021 Earnings of $1.90 Per Share (BYD) (americanbankingnews.com)
- Las Vegas gun show canceled after mass shooting (lasvegassun.com)
- Las Vegas Gun Show Canceled (thewrap.com)
- Brokerages Expect Boyd Gaming Corporation (BYD) to Announce $0.22 EPS (americanbankingnews.com)
Boyd Gaming Corporation (BYD) opened at 27.50 on Wednesday. The stock has a 50 day moving average price of $26.21 and a 200-day moving average price of $24.95. Boyd Gaming Corporation has a 1-year low of $16.77 and a 1-year high of $27.98. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.26 and a beta of 1.87.
Boyd Gaming Corporation (NYSE:BYD) last issued its 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 firm had revenue of $599.87 million during the quarter, compared to the consensus estimate of $602.39 million. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. Equities analysts predict that Boyd Gaming Corporation will post $1.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be issued a $0.05 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. Boyd Gaming Corporation’s payout ratio is 5.25%.
BYD has been the topic of several recent research reports. Instinet restated a “buy” rating and set a $30.00 target price (up from $27.00) on shares of Boyd Gaming Corporation in a report on Monday, June 19th. Deutsche Bank AG restated a “buy” rating and set a $29.00 target price (down from $30.00) on shares of Boyd Gaming Corporation in a report on Sunday, July 30th. BidaskClub upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Boyd Gaming Corporation from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Friday, July 14th. Finally, ValuEngine upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Boyd Gaming Corporation has a consensus rating of “Buy” and a consensus price target of $26.93.
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In related news, Director John Robert Bailey purchased 10,000 shares of the stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $25.33 per share, with a total value of $253,300.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William S. Boyd sold 76,531 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total transaction of $1,927,050.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,531 shares of company stock worth $3,447,521. 29.16% of the stock is owned by insiders.
About Boyd Gaming Corporation
Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South.
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