Boyd Gaming Corporation (BYD) is Reiterated by Telsey Advisory Group to Outperform, Lowers Price Target to $ 23

Boyd Gaming Corporation (BYD) was Reiterated by Telsey Advisory Group to “Outperform” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $24 . Telsey Advisory Group advised their investors in a research report released on Aug 4, 2016.

On the company’s financial health, Boyd Gaming Corporation reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.30. The company had revenue of $544.90 million for the quarter, compared to analysts expectations of $557.57 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Boyd Gaming Corporation closed down -0.38 points or -1.95% at $19.06 with 10,03,539 shares getting traded on Tusday. Post opening the session at $19.43, the shares hit an intraday low of $18.905 and an intraday high of $19.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 13, 2016, Keith Smith (President & CEO) sold 7,200 shares at $19.40 per share price. According to the SEC, on Jun 7, 2016, Brian A Larson (Executive V.P. and Secretary) sold 38,265 shares at $19.52 per share price. On Jun 6, 2016, Paul W Whetsell (director) purchased 7,500 shares at $19.52 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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