Boyd Gaming (BYD) Getting Somewhat Favorable Press Coverage, Study Shows

Press coverage about Boyd Gaming (NYSE:BYD) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Boyd Gaming earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.6947839744961 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s scoring:

Boyd Gaming (NYSE:BYD) traded down $0.09 during mid-day trading on Thursday, hitting $35.41. The company had a trading volume of 424,900 shares, compared to its average volume of 1,269,960. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.73 and a quick ratio of 0.68. The company has a market capitalization of $3,990.00, a P/E ratio of 42.66 and a beta of 1.81. Boyd Gaming has a 12-month low of $19.19 and a 12-month high of $35.96.

Boyd Gaming (NYSE:BYD) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $587.70 million during the quarter, compared to the consensus estimate of $592.29 million. Boyd Gaming had a net margin of 5.08% and a return on equity of 13.82%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. analysts predict that Boyd Gaming will post 1.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Thursday, December 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. Boyd Gaming’s payout ratio is currently 24.10%.

Several research firms have recently weighed in on BYD. Stifel Nicolaus reiterated a “hold” rating on shares of Boyd Gaming in a research report on Thursday, December 21st. Zacks Investment Research downgraded Boyd Gaming from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Deutsche Bank lifted their target price on Boyd Gaming to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Nomura lifted their target price on Boyd Gaming to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, ValuEngine upgraded Boyd Gaming from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.13.

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Boyd Gaming 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.

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