Somewhat Positive Press Coverage Somewhat Unlikely to Impact Boyd Gaming Corporation (BYD) Share Price

Media coverage about Boyd Gaming Corporation (NYSE:BYD) has trended somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boyd Gaming Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.5512123597434 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Boyd Gaming Corporation (BYD) traded down $0.03 during trading on Tuesday, reaching $30.39. The company had a trading volume of 951,114 shares, compared to its average volume of 1,287,600. Boyd Gaming Corporation has a 12 month low of $18.45 and a 12 month high of $30.74. The stock has a market cap of $3,380.00, a PE ratio of 25.42 and a beta of 1.82. 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 Corporation (NYSE:BYD) last announced its earnings results on Thursday, October 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Boyd Gaming Corporation had a net margin of 5.08% and a return on equity of 13.82%. The firm had revenue of $587.70 million for the quarter, compared to analysts’ expectations of $592.29 million. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. equities research analysts anticipate that Boyd Gaming Corporation will post 1.05 EPS for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, October 27th. Shareholders of record on Saturday, September 30th were given a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, September 28th. Boyd Gaming Corporation’s dividend payout ratio is currently 24.10%.

BYD has been the subject of several recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $29.00 price objective (down from $30.00) on shares of Boyd Gaming Corporation in a research note on Sunday, July 30th. Zacks Investment Research upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, October 4th. ValuEngine upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. BidaskClub upgraded Boyd Gaming Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $27.00 price target on shares of Boyd Gaming Corporation in a report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.47.

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In other Boyd Gaming Corporation news, VP William R. Boyd sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.71, for a total value of $186,970.00. Following the sale, the vice president now owns 1,251 shares of the company’s stock, valued at approximately $33,414.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Boughner sold 40,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.70, for a total value of $1,068,000.00. Following the completion of the sale, the director now directly owns 40,000 shares in the company, valued at approximately $1,068,000. The disclosure for this sale can be found here. 29.16% of the stock is owned by company insiders.

About Boyd Gaming Corporation

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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