Analysts Anticipate Golden Entertainment Inc (GDEN) to Announce $0.15 EPS

Brokerages expect Golden Entertainment Inc (NASDAQ:GDEN) to post $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Golden Entertainment’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.12. Golden Entertainment reported earnings per share of $0.36 during the same quarter last year, which would suggest a negative year over year growth rate of 58.3%. The business is expected to announce its next quarterly earnings results on Thursday, November 8th.

On average, analysts expect that Golden Entertainment will report full-year earnings of $0.77 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.55 per share, with EPS estimates ranging from $1.32 to $1.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Golden Entertainment.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.26). Golden Entertainment had a return on equity of 1.89% and a net margin of 0.36%.

GDEN has been the subject of several research analyst reports. Deutsche Bank initiated coverage on shares of Golden Entertainment in a research note on Thursday, October 4th. They set a “buy” rating and a $40.00 price target for the company. Jefferies Financial Group set a $39.00 price target on shares of Golden Entertainment and gave the stock a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 10th. BidaskClub upgraded shares of Golden Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, August 25th. Finally, ValuEngine lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.33.

In related news, Director Lyle Berman sold 36,493 shares of Golden Entertainment stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $27.49, for a total value of $1,003,192.57. Following the completion of the transaction, the director now directly owns 913,293 shares in the company, valued at approximately $25,106,424.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean T. Higgins sold 11,840 shares of Golden Entertainment stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $28.86, for a total transaction of $341,702.40. Following the completion of the transaction, the vice president now owns 27,063 shares of the company’s stock, valued at $781,038.18. The disclosure for this sale can be found here. Insiders sold a total of 210,024 shares of company stock valued at $5,390,719 over the last quarter. 33.80% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in GDEN. Alliancebernstein L.P. boosted its holdings in Golden Entertainment by 53.0% in the 3rd quarter. Alliancebernstein L.P. now owns 12,700 shares of the company’s stock valued at $305,000 after purchasing an additional 4,400 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Golden Entertainment by 3.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 194,400 shares of the company’s stock valued at $4,668,000 after purchasing an additional 6,000 shares during the period. Monarch Partners Asset Management LLC bought a new position in Golden Entertainment in the 3rd quarter valued at $16,967,000. Engineers Gate Manager LP bought a new position in Golden Entertainment in the 3rd quarter valued at $212,000. Finally, Russell Investments Group Ltd. boosted its holdings in Golden Entertainment by 34.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 67,411 shares of the company’s stock valued at $1,617,000 after purchasing an additional 17,204 shares during the period. Institutional investors and hedge funds own 63.43% of the company’s stock.

Shares of GDEN stock opened at $17.69 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 2.69. Golden Entertainment has a 12-month low of $16.34 and a 12-month high of $34.75. The company has a market cap of $479.53 million, a PE ratio of 52.03, a P/E/G ratio of 2.26 and a beta of 0.92.

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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Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

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