Wall Street analysts expect Golden Entertainment Inc (NASDAQ:GDEN) to report earnings of ($0.20) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Golden Entertainment’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.48). Golden Entertainment posted earnings of ($0.64) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 68.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, March 12th.
According to Zacks, analysts expect that Golden Entertainment will report full-year earnings of ($1.35) per share for the current financial year, with EPS estimates ranging from ($1.63) to ($1.19). For the next year, analysts anticipate that the company will post earnings of $0.02 per share, with EPS estimates ranging from ($0.58) to $0.47. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, November 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.18). The firm had revenue of $243.31 million during the quarter, compared to analysts’ expectations of $241.69 million. Golden Entertainment had a negative return on equity of 11.02% and a negative net margin of 6.07%.
Several brokerages have issued reports on GDEN. JPMorgan Chase & Co. began coverage on shares of Golden Entertainment in a report on Wednesday, October 23rd. They issued an “overweight” rating and a $18.00 target price for the company. ValuEngine cut shares of Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Monday. BidaskClub raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. TheStreet cut shares of Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Finally, Zacks Investment Research cut shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.
Golden Entertainment stock traded up $0.05 during trading hours on Thursday, hitting $16.66. The stock had a trading volume of 103,300 shares, compared to its average volume of 147,956. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 4.18. The stock has a market capitalization of $446.50 million, a P/E ratio of -31.43 and a beta of 1.26. Golden Entertainment has a 12-month low of $12.32 and a 12-month high of $20.42. The stock’s 50-day moving average price is $14.01 and its 200-day moving average price is $14.02.
In related news, Director Anthony A. Marnell III acquired 5,900 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $12.87 per share, with a total value of $75,933.00. Following the completion of the acquisition, the director now directly owns 34,579 shares of the company’s stock, valued at $445,031.73. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony A. Marnell III acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of $13.23 per share, with a total value of $132,300.00. Following the completion of the acquisition, the director now directly owns 34,579 shares of the company’s stock, valued at $457,480.17. The disclosure for this purchase can be found here. 36.40% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in GDEN. Morgan Stanley increased its holdings in Golden Entertainment by 10.0% during the second quarter. Morgan Stanley now owns 12,033 shares of the company’s stock valued at $168,000 after buying an additional 1,098 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Golden Entertainment by 4,096.7% in the second quarter. Bank of Montreal Can now owns 15,234 shares of the company’s stock worth $213,000 after purchasing an additional 14,871 shares during the period. Algert Global LLC bought a new position in shares of Golden Entertainment in the second quarter worth approximately $232,000. Parametric Portfolio Associates LLC bought a new position in shares of Golden Entertainment in the second quarter worth approximately $247,000. Finally, Rhumbline Advisers boosted its position in shares of Golden Entertainment by 4.2% in the third quarter. Rhumbline Advisers now owns 25,991 shares of the company’s stock worth $345,000 after purchasing an additional 1,044 shares during the period. 53.23% of the stock is owned by institutional investors and hedge funds.
Golden Entertainment Company Profile
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
Featured Story: Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.