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.
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.
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