Equities research analysts expect that Golden Entertainment Inc (NASDAQ:GDEN) will post sales of $208.98 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Golden Entertainment’s earnings, with the highest sales estimate coming in at $210.36 million and the lowest estimate coming in at $207.60 million. Golden Entertainment posted sales of $184.35 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 21st.
On average, analysts expect that Golden Entertainment will report full-year sales of $850.67 million for the current financial year, with estimates ranging from $849.30 million to $852.03 million. For the next financial year, analysts forecast that the business will post sales of $930.11 million, with estimates ranging from $880.92 million to $979.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.26). The company had revenue of $210.34 million for the quarter, compared to the consensus estimate of $214.70 million. Golden Entertainment had a negative return on equity of 1.65% and a negative net margin of 1.09%.
A number of brokerages recently commented on GDEN. TheStreet downgraded Golden Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, August 15th. ValuEngine downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 13th. BidaskClub downgraded Golden Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Finally, Deutsche Bank set a $38.00 price objective on Golden Entertainment and gave the stock a “buy” rating in a research note on Saturday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.
In other Golden Entertainment news, SVP Thomas Edwin Haas purchased 2,200 shares of Golden Entertainment stock in a transaction on Wednesday, November 14th. The stock was bought at an average price of $15.03 per share, for a total transaction of $33,066.00. Following the transaction, the senior vice president now owns 3,736 shares of the company’s stock, valued at approximately $56,152.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lyle Berman sold 141,685 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $24.50, for a total value of $3,471,282.50. Following the transaction, the director now owns 898,293 shares of the company’s stock, valued at approximately $22,008,178.50. The disclosure for this sale can be found here. Insiders have acquired a total of 20,040 shares of company stock valued at $283,367 in the last quarter. 33.80% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in GDEN. Monarch Partners Asset Management LLC acquired a new position in Golden Entertainment during the 3rd quarter worth $16,967,000. Indaba Capital Management L.P. acquired a new position in Golden Entertainment during the 3rd quarter worth $12,625,000. Principal Financial Group Inc. acquired a new position in Golden Entertainment during the 1st quarter worth $9,617,000. Millennium Management LLC acquired a new position in Golden Entertainment during the 2nd quarter worth $7,745,000. Finally, BlackRock Inc. boosted its position in Golden Entertainment by 14.9% during the 3rd quarter. BlackRock Inc. now owns 1,449,426 shares of the company’s stock worth $34,801,000 after acquiring an additional 187,912 shares during the period. Institutional investors own 66.29% of the company’s stock.
GDEN traded down $0.67 during trading on Friday, reaching $17.52. 368,956 shares of the company were exchanged, compared to its average volume of 555,229. The company has a market cap of $509.16 million, a P/E ratio of 51.53, a PEG ratio of 11.74 and a beta of 0.95. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.50 and a quick ratio of 2.41. Golden Entertainment has a 52 week low of $13.25 and a 52 week high of $34.45.
Golden Entertainment Company Profile
Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.
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