Analysts predict that Golden Entertainment, Inc. (NASDAQ: GDEN – Get a rating) will report earnings per share (EPS) of $0.95 for the current quarter, according to Zacks. Five analysts made estimates of Golden Entertainment’s earnings, with estimates ranging from $0.88 to $1.02. Golden Entertainment posted earnings per share of $2.73 in the same quarter last year, which would indicate a negative growth rate of 65.2% year over year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Golden Entertainment to report annual earnings of $3.73 per share for the current year, with EPS estimates ranging from $3.53 to $3.89. For the next fiscal year, analysts expect the company to post earnings of $3.92 per share, with EPS estimates ranging from $3.64 to $4.48. Zacks Investment Research’s EPS calculations are an average based on a survey of research companies that track Golden Entertainment.
GDEN has been the subject of several recent research reports. StockNews.com downgraded shares of Golden Entertainment from a “strong buy” rating to a “buy” rating in a research rating on Saturday, May 14. Deutsche Bank Aktiengesellschaft lowered its price target on Golden Entertainment shares from $66.00 to $57.00 in a Friday, May 6 research note. B. Riley reaffirmed a “buy” rating on Golden Entertainment shares in a Friday, May 6 research report. Zacks Investment Research downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a Monday, May 9 research report. Finally, Roth Capital assumed coverage for Golden Entertainment shares in a Wednesday, February 16, research report. They issued a “buy” rating and a price target of $70.00 for the company. One research analyst has rated the stock with a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $64.17.
Shares of GDEN traded down $0.68 during Wednesday trading hours, hitting $49.37. The company’s shares had a trading volume of 219,104 shares, compared to an average volume of 349,988. The company has a market capitalization of $1.43 billion, a price-earnings ratio of 8.40 and a beta of 2.59. The company has a debt ratio of 2.96, a current ratio of 1.91 and a quick ratio of 1.86. The company has a 50-day simple moving average of $48.92 and a two-hundred-day simple moving average of $49.74. Golden Entertainment has a 52-week minimum of $40.03 and a 52-week maximum of $59.96.
A number of institutional investors have recently changed their positions in the company. BlackRock Inc. increased its position in Golden Entertainment by 155.9% during the first quarter. BlackRock Inc. now owns 2,908,507 shares of the company valued at $168,896,000 after purchasing an additional 1,771,873 shares in the last quarter. Capital Research Global Investors increased its position in Golden Entertainment by 27.1% during the first quarter. Capital Research Global Investors now owns 2,066,100 shares of the company valued at $119,978,000 after buying an additional 441,100 shares in the last quarter. Vanguard Group Inc. increased its position in Golden Entertainment by 20.8% during the first quarter. Vanguard Group Inc. now owns 1,322,194 shares of the company valued at $76,780,000 after purchasing an additional 227,562 shares in the last quarter. Invesco Ltd. increased its position in Golden Entertainment by 499.2% during the third quarter. Invesco Ltd. now owns 912,997 shares of the company valued at $44,819,000 after purchasing an additional 760,619 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of Golden Entertainment by 2.5% in the 1st quarter. Hood River Capital Management LLC now owns 747,241 shares of the company worth $43,392,000 after acquiring an additional 18,009 shares in the last quarter. Institutional investors and hedge funds hold 68.88% of the company’s shares.
About Golden Entertainment (Get a rating)
Golden Entertainment, Inc, together with its subsidiaries, is engaged in the ownership and operation of a diversified entertainment platform in the United States. The Company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort and Distributed Gaming. The Nevada Casino Resorts segment includes destination casino resort properties that include various food and beverage outlets, entertainment venues and other amenities.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Golden Entertainment Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Golden Entertainment and related companies with MarketBeat.com’s free daily email newsletter.