Golden Entertainment (NASDAQ:GDEN) Posts Quarterly Earnings Results

Golden Entertainment (NASDAQ:GDEN - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.13), Zacks reports. The company had revenue of $164.20 million for the quarter, compared to analyst estimates of $168.28 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%.

Golden Entertainment Trading Down 0.8 %

NASDAQ:GDEN traded down $0.25 during trading hours on Monday, hitting $30.84. 231,467 shares of the stock were exchanged, compared to its average volume of 176,449. The company has a market capitalization of $845.91 million, a P/E ratio of 24.87 and a beta of 2.21. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $32.24 and its two-hundred day moving average is $31.93. Golden Entertainment has a twelve month low of $27.42 and a twelve month high of $36.92.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, March 21st. Golden Entertainment's dividend payout ratio (DPR) is presently 80.65%.

Insider Activity

In related news, Director Terrence Wright sold 16,586 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.10% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GDEN shares. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an "overweight" rating and a $38.00 target price on the stock. StockNews.com cut shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price objective on shares of Golden Entertainment in a report on Thursday, January 16th. Jefferies Financial Group boosted their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. Finally, Macquarie reaffirmed an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Golden Entertainment has an average rating of "Moderate Buy" and an average target price of $36.86.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.