Boyd Gaming Corp (NYSE: BYD) has reported earnings for its first fiscal quarter (ending March 31) of $1.40 versus $1.93 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.57 versus $6.36 for the same period a year ago.
Recent Price Action
Boyd Gaming Corp (NYSE: BYD) stock closed at $62.89 on 4/25/24 after a modest decline of -1.1%. Moreover, trading volume in this decline was above average at 126% of normal. The stock has performed in line with the market over the last nine months and has declined -1.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BYD is expected to continue to be a major Value Builder.
Boyd Gaming has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Boyd Gaming has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 40, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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