Equities research analysts forecast that Golden Entertainment Inc (NASDAQ:GDEN) will post earnings of ($0.20) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Golden Entertainment’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.48). Golden Entertainment posted earnings per share of ($0.64) in the same quarter last year, which would indicate a positive year-over-year growth rate of 68.8%. The business is scheduled to issue its next earnings results on Thursday, March 12th.
On average, 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 financial year, analysts anticipate that the firm will report earnings of $0.02 per share, with EPS estimates ranging from ($0.58) to $0.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Golden Entertainment had a negative return on equity of 11.16% and a negative net margin of 6.07%. The firm had revenue of $243.31 million during the quarter, compared to analyst estimates of $241.69 million.
A number of research firms have recently issued reports on GDEN. JPMorgan Chase & Co. assumed coverage on Golden Entertainment in a report on Wednesday, October 23rd. They issued an “overweight” rating and a $18.00 target price for the company. BidaskClub upgraded Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. Zacks Investment Research lowered Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. TheStreet lowered Golden Entertainment from a “c-” rating to a “d” rating in a research report on Monday, September 9th. Finally, ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.00.
In related news, Director Anthony A. Marnell III purchased 64,095 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average cost of $16.85 per share, for a total transaction of $1,080,000.75. Following the completion of the acquisition, the director now owns 102,774 shares in the company, valued at approximately $1,731,741.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 36.40% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in shares of Golden Entertainment by 10.0% in the second quarter. Morgan Stanley now owns 12,033 shares of the company’s stock worth $168,000 after acquiring an additional 1,098 shares during the last quarter. Bank of Montreal Can boosted its position in Golden Entertainment by 4,096.7% during the second quarter. Bank of Montreal Can now owns 15,234 shares of the company’s stock valued at $213,000 after purchasing an additional 14,871 shares during the last quarter. Algert Global LLC purchased a new position in Golden Entertainment in the second quarter valued at about $232,000. Parametric Portfolio Associates LLC purchased a new position in Golden Entertainment in the second quarter valued at about $247,000. Finally, Rhumbline Advisers grew its stake in Golden Entertainment by 4.2% in the third quarter. Rhumbline Advisers now owns 25,991 shares of the company’s stock valued at $345,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 51.85% of the company’s stock.
Shares of NASDAQ:GDEN opened at $17.82 on Friday. The company’s fifty day moving average is $15.95 and its two-hundred day moving average is $14.30. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.34 and a quick ratio of 1.28. Golden Entertainment has a 12-month low of $12.32 and a 12-month high of $20.42.
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.
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