Boyd Gaming Corporation (BYD) to Issue Quarterly Dividend of $0.20 on July 15th
by Jessica Moore · The Cerbat GemBoyd Gaming Corporation (NYSE:BYD – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.20 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, June 15th.
Boyd Gaming has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Boyd Gaming to earn $7.80 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.3%.
Boyd Gaming Price Performance
Boyd Gaming stock opened at $85.54 on Friday. Boyd Gaming has a 52-week low of $71.14 and a 52-week high of $89.96. The firm has a fifty day moving average of $84.07 and a 200-day moving average of $83.65. The firm has a market capitalization of $6.36 billion, a P/E ratio of 3.75, a PEG ratio of 1.97 and a beta of 1.11. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90.
Boyd Gaming (NYSE:BYD – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.16). The business had revenue of $997.36 million during the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a return on equity of 25.63% and a net margin of 44.84%.Boyd Gaming’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. As a group, analysts predict that Boyd Gaming will post 7.33 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Boyd Gaming from $95.00 to $91.00 and set a “hold” rating for the company in a report on Friday, April 24th. Wells Fargo & Company lowered their price target on shares of Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Mizuho lowered their price target on shares of Boyd Gaming from $99.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Barclays lowered their price target on shares of Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, Susquehanna lowered their price target on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Boyd Gaming currently has an average rating of “Hold” and a consensus target price of $92.08.
Get Our Latest Stock Analysis on Boyd Gaming
Boyd Gaming Company Profile
Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.
Founded in 1975 by its namesake, William S.