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

Intel Corporation reported weaker-than-expected Q1 sales and issued lower EPS guidance, leading to a 7.2% drop in pre-market trading. Other companies like Boyd Gaming, Hertz Global Holdings, DexCom, Atlassian, ACM Research, Teladoc Health, and Roku also saw pre-market losses following disappointing financial results or corporate announcements.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 10:26 am

Boyd Gaming's stock trades lower following the announcement of Q1 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:51 pm

Boyd Gaming (NYSE:BYD) reported Q1 2024 adjusted EPS of $1.51, missing the $1.57 estimate, and sales of $960.521M, slightly above the $958.741M estimate. This represents an 11.7% decrease in EPS and a 0.36% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:09 pm

Wall Street faced a downturn due to Meta Platforms Inc.'s weak revenue forecast and concerns of U.S. stagflation, with the S&P 500, Nasdaq 100, and Dow Jones all declining. Gold miners like Newmont Corp. saw gains, while major companies reported mixed earnings results, impacting their stock prices.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 5:30 pm

Tesla Inc (NASDAQ:TSLA) reported a significant sales decline and a halved profit but announced plans to accelerate affordable EV production, causing shares to surge almost 10% after-hours. Despite facing stiff competition from BYD Company Limited (OTC:BYD), known as the 'Tesla killer', Tesla is focusing on affordable EVs and AI investments, including a robotaxi reveal planned for August 8. The company's financials for the quarter ended March 31 showed a 9% revenue decline and a 55% net income drop, underperforming LSEG estimates.

Portfolio Pulse from Upwallstreet

April 24, 2024 | 3:49 pm

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

Recent analyst ratings for Boyd Gaming (NYSE:BYD) show a mix of perspectives, with the latest 12-month price target averaging $75.22, up 1.48% from the previous $74.12. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. Boyd Gaming's financials indicate strong market recognition, revenue growth, and profitability, with a notable ROE and ROA surpassing industry standards.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:01 pm

Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on Boyd Gaming (NYSE:BYD) and increased the price target from $71 to $72.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:13 pm

NCAA President Charlie Baker announced on X a stance against sports betting to safeguard student-athletes, signaling potential regulatory scrutiny or changes affecting companies in the sports betting industry.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:46 pm

Mizuho analyst Ben Chaiken has initiated coverage on Boyd Gaming (NYSE:BYD) with a Buy rating and set a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 9:20 am

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