Boyd Gaming (BYD) Projected to Post Earnings on Thursday

Boyd Gaming (NYSE:BYD) will likely be announcing its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $1.62 per share and revenue of $976.81 million for the quarter.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. Boyd Gaming had a return on equity of 38.34% and a net margin of 13.96%. The firm had revenue of $991.57 million for the quarter, compared to analysts’ expectations of $976.38 million. During the same period last year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts expect Boyd Gaming to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boyd Gaming Stock Up 0.2%

Shares of NYSE:BYD opened at $81.76 on Thursday. The stock’s 50-day moving average price is $76.69 and its 200-day moving average price is $73.07. Boyd Gaming has a 12-month low of $52.76 and a 12-month high of $87.76. The stock has a market capitalization of $6.66 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 2.90 and a beta of 1.26. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57.

Boyd Gaming Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 16th were paid a $0.18 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.88%. Boyd Gaming’s payout ratio is presently 11.75%.

Institutional Trading of Boyd Gaming

Several institutional investors and hedge funds have recently bought and sold shares of BYD. Advisors Asset Management Inc. lifted its holdings in shares of Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after purchasing an additional 196 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Boyd Gaming during the first quarter valued at approximately $207,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Boyd Gaming by 13.9% during the first quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after purchasing an additional 1,172 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BYD has been the topic of several recent analyst reports. Barclays cut their target price on Boyd Gaming from $78.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Mizuho cut their target price on Boyd Gaming from $86.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley reissued a “sell” rating on shares of Boyd Gaming in a research note on Friday, July 11th. Stifel Nicolaus raised their target price on Boyd Gaming from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, July 11th. Finally, Raymond James Financial raised their target price on Boyd Gaming from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Boyd Gaming currently has an average rating of “Hold” and a consensus price target of $83.77.

Boyd Gaming Company Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.