Boyd Gaming Corp. (NYSE: BYD) closed the day trading at $63.91 up 1.38% from the previous closing price of $63.04. In other words, the price has increased by $+0.87 from its previous closing price. On the day, 674949 shares were traded. BYD stock price reached its highest trading level at $64.05 during the session, while it also had its lowest trading level at $63.32.
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Ratios:
For a better understanding of BYD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 2.14 whereas as Long-Term Debt/Eq ratio is at 2.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Susquehanna on February 12, 2024, Downgraded its rating to Neutral and sets its target price to $75 from $84 previously.
Barclays Downgraded its Overweight to Equal Weight on December 15, 2023, whereas the target price for the stock was revised from $71 to $66.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when BOYD WILLIAM S sold 125,000 shares for $63.77 per share. The transaction valued at 7,971,250 led to the insider holds 9,358,913 shares of the business.
Thoman A. Randall sold 2,500 shares of BYD for $159,375 on Mar 05 ’24. The Director now owns 4,017 shares after completing the transaction at $63.75 per share. On Mar 04 ’24, another insider, Thompson Stephen S., who serves as the Chief Administrative Officer of the company, sold 20,000 shares for $63.59 each. As a result, the insider received 1,271,800 and left with 38,621 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BYD now has a Market Capitalization of 6.14B and an Enterprise Value of 9.56B. As of this moment, Boyd’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.50, and their Forward P/E ratio for the next fiscal year is 9.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 8.10.
Stock Price History:
Over the past 52 weeks, BYD has reached a high of $73.00, while it has fallen to a 52-week low of $52.42. The 50-Day Moving Average of the stock is 63.67, while the 200-Day Moving Average is calculated to be 63.73.
Shares Statistics:
Over the past 3-months, BYD traded about 795.37K shares per day on average, while over the past 10 days, BYD traded about 780.16k shares per day. A total of 98.83M shares are outstanding, with a floating share count of 67.54M. Insiders hold about 29.69% of the company’s shares, while institutions hold 68.36% stake in the company. Shares short for BYD as of Feb 15, 2024 were 3.73M with a Short Ratio of 4.69, compared to 3.31M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.86% and a Short% of Float of 5.47%.
Dividends & Splits
BYD’s forward annual dividend rate is 0.64, up from 0.64 a year ago. Against a Trailing Annual Dividend Yield of 1.02%, it implies a Forward Annual Dividend Yield of 1.06%. The stock’s 5-year Average Dividend Yield is 2.10.
Earnings Estimates
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $1.49 for the current quarter, with a high estimate of $1.66 and a low estimate of $0.86, while EPS last year was $1.71. The consensus estimate for the next quarter is $1.48, with high estimates of $1.71 and low estimates of $0.82.
Analysts are recommending an EPS of between $6.5 and $5.8 for the fiscal current year, implying an average EPS of $6.2. EPS for the following year is $6.28, with 10 analysts recommending between $6.89 and $3.95.
Revenue Estimates
11 analysts predict $956.55M in revenue for the current quarter. It ranges from a high estimate of $1B to a low estimate of $931.3M. As of the current estimate, Boyd Gaming Corp.’s year-ago sales were $963.97M, an estimated decrease of -0.80% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $916.33M, an increase of 0.40% over than the figure of -$0.80% in the same quarter last year. There is a high estimate of $944M for the next quarter, whereas the lowest estimate is $892.4M.
A total of 13 analysts have provided revenue estimates for BYD’s current fiscal year. The highest revenue estimate was $3.86B, while the lowest revenue estimate was $3.63B, resulting in an average revenue estimate of $3.74B. In the same quarter a year ago, actual revenue was $3.74B, up 0.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $3.81B in the next fiscal year. The high estimate is $4.02B and the low estimate is $3.68B. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.
