News articles about Boyd Gaming (NYSE:BYD) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boyd Gaming earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.5709425553736 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Boyd Gaming in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Boyd Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Deutsche Bank boosted their price objective on shares of Boyd Gaming to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Nomura boosted their price objective on shares of Boyd Gaming to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, Bank of America raised shares of Boyd Gaming from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, January 5th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.87.
Shares of Boyd Gaming (NYSE:BYD) traded down $0.32 during mid-day trading on Tuesday, reaching $36.16. 709,200 shares of the company’s stock traded hands, compared to its average volume of 1,160,000. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 2.95. Boyd Gaming has a 12-month low of $19.20 and a 12-month high of $37.18. The firm has a market cap of $4,080.00, a price-to-earnings ratio of 43.57 and a beta of 1.82.
Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The business had revenue of $587.70 million during the quarter, compared to analyst estimates of $592.29 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. equities analysts expect that Boyd Gaming will post 1.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Thursday, December 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.55%. Boyd Gaming’s payout ratio is currently 24.10%.
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Boyd Gaming Company Profile
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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