Somewhat Positive News Coverage Somewhat Unlikely to Impact Boyd Gaming Corporation (NYSE:BYD) Share Price

Headlines about Boyd Gaming Corporation (NYSE:BYD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Boyd Gaming Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.1696057560513 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.

Here are some of the news articles that may have effected Accern’s rankings:

Boyd Gaming Corporation (BYD) opened at 25.56 on Friday. The firm has a market capitalization of $2.88 billion, a PE ratio of 6.75 and a beta of 1.93. Boyd Gaming Corporation has a 1-year low of $16.77 and a 1-year high of $26.87. The company’s 50-day moving average price is $25.67 and its 200 day moving average price is $23.37.

Boyd Gaming Corporation (NYSE:BYD) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by $0.04. Boyd Gaming Corporation had a net margin of 19.15% and a return on equity of 13.31%. The company had revenue of $599.87 million during the quarter, compared to analysts’ expectations of $602.39 million. During the same period last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Boyd Gaming Corporation will post $1.10 EPS for the current year.

A number of equities research analysts have commented on BYD shares. Instinet lifted their target price on Boyd Gaming Corporation from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Aegis restated a “buy” rating and issued a $27.00 target price (up previously from $26.00) on shares of Boyd Gaming Corporation in a research report on Wednesday, May 3rd. Deutsche Bank AG restated a “buy” rating and issued a $26.00 target price (up previously from $25.00) on shares of Boyd Gaming Corporation in a research report on Wednesday, May 3rd. Cann upgraded Boyd Gaming Corporation to a “buy” rating and lifted their target price 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. Finally, BidaskClub downgraded Boyd Gaming Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.87.

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In other Boyd Gaming Corporation news, insider William S. Boyd sold 76,531 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $25.18, for a total value of $1,927,050.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William R. Boyd sold 10,000 shares of Boyd Gaming Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.55, for a total value of $265,500.00. Following the sale, the vice president now directly owns 8,251 shares in the company, valued at approximately $219,064.05. The disclosure for this sale can be found here. Insiders sold 183,816 shares of company stock worth $4,672,840 over the last three months. 29.16% of the stock is currently owned by corporate insiders.

Boyd Gaming Corporation 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.

Insider Buying and Selling by Quarter for Boyd Gaming Corporation (NYSE:BYD)

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