Streetbeat News

BYD

Boyd Gaming Corporation

https://www.boydgaming.com

Industry

Gambling, Resorts & Casinos

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Open

71.09

Mkt cap

6.3B

Volume

633K

High

71.93

P/E Ratio

13.59

52-wk high

74.78

Low

71.09

Div yield

0.01

52-wk low

49.34

Boyd Gaming (NYSE:BYD) reported strong Q3 results, with earnings per share of $1.52 beating estimates of $1.38 and sales of $961.25 million surpassing the expected $912.95 million. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:08 pm

Boyd Gaming (NYSE:BYD) has been analyzed by 8 analysts, showing a range of sentiments from bullish to bearish. Recent assessments indicate a positive trend with an average 12-month price target of $72.62, up from $69.88. Analysts have mostly raised their ratings and price targets, reflecting confidence in Boyd Gaming's financial performance, including strong revenue growth, net margin, and return on equity.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:00 pm

Truist Securities has maintained its Buy rating on Boyd Gaming and increased the price target from $75 to $77, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:54 pm

Morgan Stanley analyst Stephen Grambling has maintained an Overweight rating on Boyd Gaming (NYSE:BYD) and raised the price target from $74 to $78.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:35 pm

Boyd Gaming (NYSE:BYD) has received mixed ratings from analysts, with a recent increase in average price targets. Analysts have raised their price targets, reflecting a positive outlook on the company's performance. Boyd Gaming has shown strong financial health with impressive revenue growth, net margin, ROE, and ROA, while maintaining a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:02 pm

Wells Fargo analyst Daniel Politzer has maintained an Overweight rating on Boyd Gaming (NYSE:BYD) and raised the price target from $71 to $75.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:22 pm

Barclays analyst Brandt Montour has maintained an Equal-Weight rating on Boyd Gaming (NYSE:BYD) and raised the price target from $68 to $70.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:01 pm

Chery, a major Chinese automaker, is experiencing significant growth in exports and new energy vehicle sales. The company is considering an IPO in Hong Kong, with a valuation significantly lower than previously reported. Chery's exports have surpassed those of BYD, making it China's top car exporter. The company is expanding its production capabilities in Europe and Southeast Asia, despite potential delays due to EU tariffs.

Portfolio Pulse from The Bamboo Works

October 15, 2024 | 4:28 pm

Boyd Gaming has acquired Resorts Digital, the online gambling division of Resorts casino in Atlantic City. The acquisition includes ResortsCasino.com, MoheganSunCasino.com, and an unused sports betting skin. Resorts Digital has significantly outperformed the physical casino in terms of revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:59 pm

B of A Securities has maintained its Buy rating on Boyd Gaming and raised the price target from $68 to $72, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:26 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.