Boyd Gaming Corporation (BYD) Releases Earnings Results, Beats Expectations By $0.05 EPS

Boyd Gaming Corporation (BYD) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.25. The company posted revenue of $552.40 million in the period, compared to analysts expectations of $564.94 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Boyd Gaming Corporation. Company shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 21 from a previous price target of $19 .Company shares were Reiterated by Telsey Advisory Group on Feb 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $23 .

Boyd Gaming Corporation closed down -0.9 points or -4.30% at $20.03 with 29,31,894 shares getting traded on Friday. Post opening the session at $20.71, the shares hit an intraday low of $19.59 and an intraday high of $20.77 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 15, 2016, William R Boyd (Vice President) sold 10,000 shares at $18.95 per share price. According to the SEC, on Mar 15, 2016, Marianne Boyd Johnson (Executive Vice President) sold 34,013 shares at $18.56 per share price. On Nov 13, 2015, Brian A Larson (Executive V.P. and Secretary) sold 15,568 shares at $20.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada Illinois Indiana Iowa Kansas Louisiana Mississippi and New Jersey. The Company owns and manages 1268345 square feet of casino space containing 30392 slot machines 777 table games and 11391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula and Borgata.

Boyd Gaming Corporation

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