Boyd Gaming Corporation (NYSE:BYD) shares traded lower over the last trading session, losing -0.30% on 06/03/21. The shares fell to a low of $60.56 before closing at $62.53. Intraday shares traded counted 1.36 million, which was -21.67% lower than its 30-day average trading volume of 1.12M. BYD’s previous close was $62.72 while the outstanding shares total 113.63M. The firm has a beta of 2.21, a 12-month trailing P/E ratio of 62.16, and a growth ratio of 5.74. The stock’s Relative Strength Index (RSI) is 48.77, with weekly volatility at 3.73% and ATR at 2.46. The BYD stock’s 52-week price range has touched low of $17.43 and a $71.00 high.
Investors have identified the Resorts & Casinos company Boyd Gaming Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.12 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Boyd Gaming Corporation (BYD) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For BYD, the company has in raw cash 748.28 million on their books with 35.9 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 867.3 million total, with 546.14 million as their total liabilities.
BYD were able to record 181.21 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 213.28 million. In cash movements, the company had a total of 216.69 million as operating cash flow.
Potential earnings growth for Boyd Gaming Corporation (BYD)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Boyd Gaming Corporation recorded a total of 753.31 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 9.66% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 15.59%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 325.06 million trying to sell their products during the last quarter, with the result yielding a gross income of 428.24 million. This allows shareholders to hold on to 113.63M with the recently reported earning now reading 0.90 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.93 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.50 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BYD sounds very interesting.
Is the stock of BYD attractive?
In related news, President & CEO, SMITH KEITH sold 25,068 shares of the company’s stock in a transaction that recorded on May 26. The sale was performed at an average price of 63.32, for a total value of 1,587,421. As the sale deal closes, the President & CEO, SMITH KEITH now sold 75,000 shares of the company’s stock, valued at 4,565,650. Also, Vice President, BOYD WILLIAM R sold 30,000 shares of the company’s stock in a deal that was recorded on May 05. The shares were price at an average price of 67.25 per share, with a total market value of 2,017,359. Following this completion of acquisition, the EVP, CFO & Treasurer, Hirsberg Josh now holds 36,787 shares of the company’s stock, valued at 2,397,696. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.
9 out of 12 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Boyd Gaming Corporation. 0 analysts has assigned a Sell rating on the BYD stock. The 12-month mean consensus price target for the company’s shares has been set at $77.60.