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The closing price of Boyd Gaming Corp. (NYSE: BYD) was $53.18 for the day, down -15.44% from the previous closing price of $62.89. In other words, the price has decreased by -$15.44 from its previous closing price. On the day, 6.82 million shares were traded. BYD stock price reached its highest trading level at $55.22 during the session, while it also had its lowest trading level at $52.48.
Ratios:
Our analysis of BYD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.45. 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 1.66 whereas as Long-Term Debt/Eq ratio is at 1.66.
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, JP Morgan on April 26, 2024, Downgraded its rating to Neutral and sets its target price to $67 from $80 previously.
On April 26, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $78 to $71.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $80.Mizuho initiated its Buy rating on March 26, 2024, with a $80 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 14 ’24 when BOYD WILLIAM S sold 32,703 shares for $62.10 per share. The transaction valued at 2,030,856 led to the insider holds 8,762,746 shares of the business.
BOYD WILLIAM S sold 63,464 shares of BYD for $4,005,848 on Mar 13 ’24. The 10% Owner now owns 8,795,449 shares after completing the transaction at $63.12 per share. On Mar 12 ’24, another insider, BOYD WILLIAM S, who serves as the 10% Owner of the company, sold 125,000 shares for $63.27 each. As a result, the insider received 7,908,750 and left with 8,858,913 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 5090963968 and an Enterprise Value of 8528889856. As of this moment, Boyd’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.56, and their Forward P/E ratio for the next fiscal year is 8.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 2.283 whereas that against EBITDA is 7.196.
Stock Price History:
The Beta on a monthly basis for BYD is 1.60, which has changed by -0.25392818 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. 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 -17.12%, while the 200-Day Moving Average is calculated to be -15.85%.
Shares Statistics:
BYD traded an average of 745.95K shares per day over the past three months and 1356250 shares per day over the past ten days. A total of 98.83M shares are outstanding, with a floating share count of 74.09M. Insiders hold about 22.87% of the company’s shares, while institutions hold 68.36% stake in the company. Shares short for BYD as of 1713139200 were 3044644 with a Short Ratio of 4.08, compared to 1710460800 on 3345585. Therefore, it implies a Short% of Shares Outstanding of 3044644 and a Short% of Float of 4.42.
Dividends & Splits
With its trailing 12-month dividend rate of 0.65, BYD has a forward annual dividend rate of 0.65. Against a Trailing Annual Dividend Yield of 0.010335506The stock’s 5-year Average Dividend Yield is 2.1.
Earnings Estimates
Investors are keenly observing as 10.0 analysts analyze and rate the current performance of Boyd Gaming Corp. (BYD) in the stock market.On average, analysts expect EPS of $1.54 for the current quarter, with a high estimate of $1.69 and a low estimate of $1.45, while EPS last year was $1.58. The consensus estimate for the next quarter is $1.41, with high estimates of $1.54 and low estimates of $1.33.
Analysts are recommending an EPS of between $6.57 and $5.8 for the fiscal current year, implying an average EPS of $6.23. EPS for the following year is $6.6, with 11.0 analysts recommending between $7.08 and $6.21.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $944M to a low estimate of $876.2M. As of the current estimate, Boyd Gaming Corp.’s year-ago sales were $912.46MFor the next quarter, 12 analysts are estimating revenue of $907.29M. There is a high estimate of $926M for the next quarter, whereas the lowest estimate is $874M.
A total of 14 analysts have provided revenue estimates for BYD’s current fiscal year. The highest revenue estimate was $3.86B, while the lowest revenue estimate was $3.64B, resulting in an average revenue estimate of $3.74B. In the same quarter a year ago, actual revenue was $3.74BBased on 14 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 $3.64B.
