Headlines about Boyd Gaming (NYSE:BYD) have trended positive this week, Alpha One reports. The research group, a unit of Accern, scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boyd Gaming earned a coverage optimism score of 0.35 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 52 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected AlphaOne’s analysis:
- Red Rock’s Fertittas Pay Their Mom $120 Million for Casino Land (finance.yahoo.com)
- ETFs with exposure to Boyd Gaming Corp. : May 15, 2017 (finance.yahoo.com)
- Boyd Gaming : Salute to our Veterans Event June 17 at Blue Chip to Benefit Community Veterans Groups (4-traders.com)
- Boyd Gaming Corp. :BYD-US: Earnings Analysis: Q1, 2017 By the Numbers : May 12, 2017 (finance.yahoo.com)
Boyd Gaming (NYSE:BYD) traded up 1.94% on Friday, hitting $25.24. The stock had a trading volume of 732,387 shares. Boyd Gaming has a 12 month low of $16.77 and a 12 month high of $25.40. The firm’s 50 day moving average price is $23.04 and its 200-day moving average price is $20.68. The stock has a market cap of $2.86 billion, a PE ratio of 6.93 and a beta of 1.64.
Boyd Gaming (NYSE:BYD) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The business had revenue of $605.34 million during the quarter, compared to the consensus estimate of $601.11 million. Boyd Gaming had a net margin of 18.37% and a return on equity of 13.66%. On average, analysts forecast that Boyd Gaming will post $1.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Thursday, June 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.81%.
A number of equities research analysts recently commented on the company. Barclays PLC set a $22.00 target price on Boyd Gaming and gave the stock a “hold” rating in a research report on Saturday, February 18th. Zacks Investment Research upgraded Boyd Gaming from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, April 18th. Cann upgraded Boyd Gaming to a “buy” rating and upped their price objective for the company from $20.00 to $27.00 in a research report on Wednesday, May 3rd. They noted that the move was a valuation call. Telsey Advisory Group upped their price objective on Boyd Gaming from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $26.00 price objective (up from $25.00) on shares of Boyd Gaming in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.54.
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In related news, VP William R. Boyd sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $24.56, for a total transaction of $368,400.00. Following the completion of the transaction, the vice president now owns 18,251 shares in the company, valued at $448,244.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Brian A. Larson sold 10,740 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $19.90, for a total transaction of $213,726.00. Following the transaction, the executive vice president now owns 197,724 shares of the company’s stock, valued at approximately $3,934,707.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,218 shares of company stock valued at $3,944,665. Insiders own 29.67% of the company’s stock.
About Boyd Gaming
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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