$ 244.87 million in expected sales for Golden Entertainment, Inc. (NASDAQ: GDEN) this quarter
Equity research analysts expect Golden Entertainment, Inc. (NASDAQ: GDEN) to report $ 244.87 million in revenue for the current fiscal quarter, according to Zack. Three analysts have released earnings estimates for Golden Entertainment, with the highest sales estimate at $ 252.40 million and the lowest estimate at $ 239.60 million. Golden Entertainment reported revenue of $ 75.97 million in the same quarter last year, suggesting a positive year-over-year growth rate of 222.3%. The company is expected to release its next quarterly results on Thursday, August 5.
On average, analysts expect Golden Entertainment to report annual revenue of $ 951.93 million for the current year, with estimates ranging from $ 945.88 million to $ 961.00 million. of dollars. For next year, analysts predict the company will post sales of $ 982.12 million, with estimates ranging from $ 937.95 million to $ 1.02 billion. Zacks’ sales averages are an average based on a survey of sales-side research analysts who cover Golden Entertainment.
Golden Entertainment (NASDAQ: GDEN) last reported its results on Thursday, May 6. The company reported EPS of $ 0.35 for the quarter, beating the consensus estimate of ($ 0.18) by $ 0.53. Golden Entertainment recorded a negative return on equity of 40.61% and a negative net margin of 12.85%. The company posted revenue of $ 239.70 million for the quarter, compared to analysts’ estimates of $ 221.52 million.
Several brokerage firms recently commented on GDEN. B. Riley began covering Golden Entertainment in a research report on Monday, May 3. They set a “buy” rating and a target price of $ 48.00 on the stock. They noted that the move was an appraisal call. Macquarie increased his price target on Golden Entertainment from $ 43.00 to $ 50.00 and rated the stock as “outperforming” in a report released on Friday, May 7. Zacks investment research downgraded Golden Entertainment from a “keep” rating to a “buy” rating and set a price target of $ 50.00 on the stock in a report released Thursday, June 24. Deutsche Bank Aktiengesellschaft raised its price target on Golden Entertainment from $ 34.00 to $ 42.00 and gave the stock a “buy” rating in a report released on Friday, May 7. Finally, TheStreet downgraded Golden Entertainment from a “d” rating to a “c” rating in a report released on Wednesday, May 5. Five research analysts rated the stock with a buy rating. The stock has a consensus rating of “Buy” and an average target price of $ 43.20.
Meanwhile, director Anthony A. Marnell III sold 13,456 shares in a transaction that took place on Wednesday, May 19. The stock was sold for an average price of $ 40.02, for a total trade of $ 538,509.12. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, director Robert L. Miodunski sold 12,500 shares in a transaction that took place on Friday, May 28. The shares were sold for an average price of $ 42.29, for a total value of $ 528,625.00. As a result of the sale, the Director now directly owns 76,422 shares of the company, valued at $ 3,231,886.38. Disclosure of this sale can be found here. Company insiders own 41.10% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings to GDEN. Principal Financial Group Inc. increased its position in Golden Entertainment by 12.5% in the first quarter. Principal Financial Group Inc. now owns 504,555 shares of the company valued at $ 12,745,000 after purchasing an additional 55,872 shares in the last quarter. Hill Path Capital LP increased its position in Golden Entertainment by 255.8% in the first quarter. Hill Path Capital LP now owns 1,311,976 shares of the company valued at $ 33,141,000 after purchasing an additional 943,200 shares during the last quarter. Potrero Capital Research LLC purchased a new stake in Golden Entertainment in the first quarter valued at $ 2,955,000. Intrinsic Edge Capital Management LLC increased its position in Golden Entertainment by 92.4% in the first quarter. Intrinsic Edge Capital Management LLC now owns 146,381 shares of the company valued at $ 3,698,000 after purchasing an additional 70,317 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Golden Entertainment shares by 47.6% in the first quarter. AQR Capital Management LLC now owns 43,492 shares of the company valued at $ 1,099,000 after acquiring an additional 14,025 shares during the period. 52.37% of the shares are held by institutional investors.
Actions of Golden Entertainment Action opened at $ 44.39 on Friday. Golden Entertainment has a one-year minimum of $ 7.77 and a one-year maximum of $ 46.83. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt ratio of 6.57. The company’s 50-day simple moving average is $ 41.59. The company has a market cap of $ 1.26 billion, a price-to-earnings ratio of -13.21 and a beta of 2.93.
About Golden Entertainment
Golden Entertainment, Inc., along with its subsidiaries, owns and operates a diverse entertainment platform in the United States. The company operates through two segments, casinos and distributed games. The Casinos segment owns and operates ten resort casino properties in Nevada and Maryland.
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7 stocks Cathie Wood buys and you should too
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Check out the “7 stocks that Cathie Wood buys that you should too”.