This Is What Stock Investors Need to Do Boyd Gaming Corporation (NYSE: BYD)

On 23 Oct 2019, Boyd Gaming Corporation (NYSE: BYD) stock traded volume of 2,029,594 shares during its last trading session as compared to its average volume of 1087041 shares over the recent month. BYD ended its day with the above stream along the move of 2.49% and closed at the price of $26.8 before opening at $26.42. It has total market capitalization is $2978551915. 52-week range of the stock remained $ 18.98 – 31.8 while its day lowest price was $25.3 and its hit its day highest price at $27.29.

Boyd Gaming Corporation (BYD) recently stated financial results for the third quarter ended September 30, 2019.

Keith Smith, President and Chief Executive Officer of Boyd Gaming, stated: “In the third quarter, our diversified nationwide portfolio continued to deliver growth in same-store revenues, Adjusted EBITDAR and margins, led by another outstanding quarter by our Las Vegas Locals business. Our newly purchased properties produced strong results under our ownership, with Adjusted EBITDAR growth of nearly 6% and margin improvement of over 200 basis points on a combined basis.  And we substantially expanded our sports-betting joint venture with FanDuel Group, opening sports books at four new locations in the Midwest while successfully launching a market-leading mobile betting app in Pennsylvania.  Our Company continues to deliver strong operating results, and we remain focused on executing a disciplined, balanced approach to creating long-term shareholder value.”

Boyd Gaming stated third-quarter revenues of $819.6M, up from $612.2M in the third quarter of 2018.  The Company stated net income of $39.4M, or $0.35 per share, for the third quarter of 2019, contrast to $11.8M, or $0.10 per share, for the year-before period.

Total Adjusted EBITDAR(1) was $213.5M in the third quarter of 2019, increasing from $148.8M in the third quarter of 2018. Adjusted Earnings(1) for the third quarter of 2019 were $44.8M, or $0.39 per share, contrast to Adjusted Earnings of $26.7M, or $0.23 per share, for the same period in 2018.

Results for the third quarter of 2019 include $212.9M in revenues and $62.1M in Adjusted EBITDAR from Ameristar Kansas City, Ameristar St. Charles, Belterra Resort and Belterra Park, purchased on October 15, 2018; and Valley Forge Casino Resort, purchased by the Company on September 17, 2018.  Third-quarter 2018 results included $5.8M in revenues and $1.1M in Adjusted EBITDAR from Valley Forge.

Balance Sheet Statistics
As of September 30, 2019, Boyd Gaming had cash on hand of $235.1M, and total debt of $3.85B.

Full-Year 2019 Guidance
For the full year 2019, Boyd Gaming reaffirms its before provided guidance of total Adjusted EBITDAR of $885M to $910M.

Analyst recommendation for this stock stands at 1.80. The volatility in the previous week has experienced by 3.30% and observed of 3.03% in the previous month.69.30% ownership is held by institutional investors while insiders hold ownership of 27.87%. The P/E ratio was recorded at 23.78.

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