Boyd Gaming (BYD) to Release Quarterly Earnings on Thursday

Boyd Gaming (NYSE:BYD - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $997.68 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Boyd Gaming Price Performance

NYSE BYD traded up $1.05 during trading hours on Thursday, reaching $77.75. 916,265 shares of the stock traded hands, compared to its average volume of 873,698. The stock has a 50 day simple moving average of $73.50 and a two-hundred day simple moving average of $66.65. Boyd Gaming has a 1 year low of $49.34 and a 1 year high of $78.58. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 4.21 and a beta of 1.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79.

Boyd Gaming Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, December 16th. Boyd Gaming's dividend payout ratio (DPR) is presently 12.98%.

Boyd Gaming declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BYD. Truist Financial upped their price target on shares of Boyd Gaming from $77.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of Boyd Gaming from a "hold" rating to a "buy" rating and boosted their target price for the stock from $73.00 to $92.00 in a report on Friday, January 3rd. JMP Securities restated a "market perform" rating on shares of Boyd Gaming in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price target on Boyd Gaming from $67.00 to $74.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boyd Gaming has an average rating of "Moderate Buy" and an average target price of $92.80.

Insider Buying and Selling

In other Boyd Gaming news, Director Christine J. Spadafor sold 660 shares of Boyd Gaming stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $75.68, for a total transaction of $49,948.80. Following the sale, the director now directly owns 5,977 shares in the company, valued at $452,339.36. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Keith Smith sold 40,000 shares of Boyd Gaming stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.49, for a total transaction of $2,939,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,161,202 shares of the company's stock, valued at approximately $85,336,734.98. This represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,209 shares of company stock worth $8,846,394. 27.94% of the stock is owned by company insiders.

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.