Golden Entertainment (GDEN) Posts Earnings Results, Misses Expectations By $0.24 EPS

Golden Entertainment (NASDAQ:GDEN) issued its quarterly earnings data on Thursday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.24), Morningstar.com reports. Golden Entertainment had a negative return on equity of 6.33% and a negative net margin of 3.75%. The company had revenue of $239.89 million for the quarter, compared to analyst estimates of $240.47 million.

Golden Entertainment stock traded up $0.21 during mid-day trading on Friday, reaching $14.70. The company’s stock had a trading volume of 142,293 shares, compared to its average volume of 113,004. The company has a market cap of $407.78 million, a P/E ratio of -27.74, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. Golden Entertainment has a 12 month low of $13.00 and a 12 month high of $34.45. The company has a current ratio of 1.88, a quick ratio of 1.80 and a debt-to-equity ratio of 3.05.

GDEN has been the topic of a number of research analyst reports. Deutsche Bank dropped their price objective on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Zacks Investment Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 16th. BidaskClub downgraded shares of Golden Entertainment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 6th. Finally, ValuEngine downgraded shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.67.

A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Golden Entertainment by 25.2% in the fourth quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock valued at $54,000 after purchasing an additional 684 shares in the last quarter. California State Teachers Retirement System grew its position in Golden Entertainment by 2.7% in the first quarter. California State Teachers Retirement System now owns 28,551 shares of the company’s stock valued at $404,000 after purchasing an additional 744 shares in the last quarter. Rhumbline Advisers grew its position in Golden Entertainment by 3.7% in the first quarter. Rhumbline Advisers now owns 23,968 shares of the company’s stock valued at $339,000 after purchasing an additional 865 shares in the last quarter. Quantamental Technologies LLC bought a new position in Golden Entertainment in the fourth quarter valued at $27,000. Finally, Swiss National Bank grew its position in Golden Entertainment by 5.0% in the first quarter. Swiss National Bank now owns 35,800 shares of the company’s stock valued at $507,000 after purchasing an additional 1,700 shares in the last quarter. 66.05% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was first reported by WKRB News and is owned by of WKRB News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.wkrb13.com/2019/05/11/golden-entertainment-gden-posts-earnings-results-misses-expectations-by-0-24-eps.html.

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 restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

Recommended Story: Marijuana Stocks Future Looks Bright

Earnings History for Golden Entertainment (NASDAQ:GDEN)

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.