Equities analysts forecast that Golden Entertainment Inc (NASDAQ:GDEN) will post sales of $242.64 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Golden Entertainment’s earnings. The highest sales estimate is $242.90 million and the lowest is $242.37 million. Golden Entertainment reported sales of $210.34 million during the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The firm is expected to issue its next earnings report on Thursday, November 14th.
On average, analysts expect that Golden Entertainment will report full year sales of $968.29 million for the current year, with estimates ranging from $964.00 million to $972.58 million. For the next financial year, analysts expect that the firm will report sales of $989.09 million, with estimates ranging from $978.20 million to $999.97 million. Zacks’ 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 Tuesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.21). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.50%. The company had revenue of $248.07 million for the quarter, compared to the consensus estimate of $249.18 million.
In other news, Director Anthony A. Marnell III acquired 10,000 shares of Golden Entertainment stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $13.50 per share, with a total value of $135,000.00. Following the completion of the purchase, the director now owns 21,879 shares of the company’s stock, valued at approximately $295,366.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony A. Marnell III acquired 6,800 shares of Golden Entertainment stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of $13.33 per share, with a total value of $90,644.00. Following the purchase, the director now directly owns 28,679 shares of the company’s stock, valued at approximately $382,291.07. The disclosure for this purchase can be found here. Insiders have bought 27,800 shares of company stock valued at $377,254 over the last 90 days. 36.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new position in shares of Golden Entertainment in the first quarter valued at $54,000. Legal & General Group Plc boosted its stake in Golden Entertainment by 25.2% during the 4th 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 during the last quarter. Quantamental Technologies LLC boosted its stake in Golden Entertainment by 165.3% during the 1st quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock valued at $64,000 after purchasing an additional 2,810 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Golden Entertainment by 365.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock valued at $95,000 after purchasing an additional 4,655 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Golden Entertainment by 35.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,586 shares of the company’s stock valued at $122,000 after purchasing an additional 2,244 shares during the last quarter. 57.19% of the stock is currently owned by institutional investors.
Shares of Golden Entertainment stock traded down $0.02 during trading on Friday, reaching $13.24. The company’s stock had a trading volume of 6,752 shares, compared to its average volume of 131,683. The stock has a 50-day moving average of $14.14. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.26 and a quick ratio of 1.20. Golden Entertainment has a one year low of $12.46 and a one year high of $29.72. The firm has a market capitalization of $387.12 million, a PE ratio of -25.02 and a beta of 1.29.
About Golden Entertainment
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
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