Boyd Gaming Corp. (BYD): A Case For Going Higher

After Hours

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Stocks Info

This NYSE-listed company operates within the Resorts & Casinos industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Boyd Gaming Corp. is $5.50B. A total of 1.09 million shares were traded on the day, compared to an average of 1.03M shares.

In the most recent transaction, JOHNSON MARIANNE BOYD sold 73,130 shares of BYD for 60.00 per share on Aug 30 ’24. After the transaction, the Executive Chairman now owns 1,396,628 company shares. In a previous transaction on Aug 29 ’24, JOHNSON MARIANNE BOYD sold 73,130 shares at 60.23 per share. BYD shares that Executive Chairman owns now total 1,423,498.

Among the insiders who bought shares, JOHNSON MARIANNE BOYD acquired of 73,130 shares on Aug 30 ’24 at a per-share price of $59.97. In another insider transaction, SPADAFOR CHRISTINE J. sold 1,242 shares at $60.36 per share on Aug 26 ’24. Company shares held by the Director now total 1,096.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Boyd Gaming Corp. pays an annual dividend of $0.66, resulting in a dividend yield of 1.10%, and it has a price to earnings (P/E) ratio of 11.64. BYD’s most recent ex-dividend date was 9/13/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 6/14/2024. The BYD stock dividend was $0.17 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BYD has a high of $68.46 and a low of $49.34.

As of this writing, BYD has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $1.56 per share and a lower estimate of $1.25. The company reported an EPS of $1.36 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BYD’s latest balance sheet shows that the firm has $344.56M in Cash & Short Term Investments as of fiscal 2021. There were $3.93B in debt and $557.04M in liabilities at the time. Its Book Value Per Share was $18.54, while its Total Shareholder’s Equity was $1.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BYD is Buy with a score of 3.63.

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