Golden Entertainment, Inc. to Post FY2022 Earnings of $2.89 Per Share, B. Riley Forecasts (NASDAQ:GDEN)

Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) – Equities analysts at B. Riley dropped their FY2022 earnings per share (EPS) estimates for Golden Entertainment in a research note issued on Friday, November 4th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of $2.89 for the year, down from their prior forecast of $2.95. The consensus estimate for Golden Entertainment’s current full-year earnings is $2.96 per share. B. Riley also issued estimates for Golden Entertainment’s Q2 2023 earnings at $0.62 EPS and Q3 2023 earnings at $0.53 EPS.

Golden Entertainment (NASDAQ:GDEN – Get Rating ) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The firm had revenue of $278.99 million for the quarter, compared to analyst estimates of $268.92 million. Golden Entertainment had a net margin of 8.04% and a return on equity of 27.71%.

A number of other equities research analysts also recently commented on GDEN. CBRE Group restated a “buy” rating and issued a $58.00 price objective on shares of Golden Entertainment in a research report on Thursday, October 20th. StockNews.com began coverage on shares of Golden Entertainment in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Golden Entertainment from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Finally, JMP Securities reduced their price target on shares of Golden Entertainment from $62.00 to $59.00 and set a “market outperform” rating for the company in a research report on Monday, October 17th. Seven research analysts have rated the stock with a buy rating. According to MarketBeat.com data, Golden Entertainment has an average rating of “Buy” and a consensus target price of $62.33.

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Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $41.79 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.91 and a debt-to-equity ratio of 2.84. The company has a market cap of $1.19 billion, a P/E ratio of 14.77 and a beta of 2.42. Golden Entertainment has a 52 week low of $32.53 and a 52 week high of $59.96. The company has a 50-day moving average price of $39.06 and a 200-day moving average price of $41.90.

Institutional inflows and outflows

Several institutional investors have recently modified their holdings of GDEN. BlackRock Inc. grew its stake in Golden Entertainment by 155.9% in the 1st quarter. BlackRock Inc. now owns 2,908,507 shares of the company’s stock valued at $168,896,000 after acquiring an additional 1,771,873 shares during the period. Capital Research Global Investors grew its stake in Golden Entertainment by 27.1% in the 1st quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after acquiring an additional 441,100 shares during the period. Vanguard Group Inc. grew its stake in Golden Entertainment by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 1,322,194 shares of the company’s stock valued at $76,780,000 after acquiring an additional 227,562 shares during the period. Hood River Capital Management LLC grew its stake in Golden Entertainment by 2.5% in the 1st quarter. Hood River Capital Management LLC now owns 747,241 shares of the company’s stock valued at $43,392,000 after acquiring an additional 18,009 shares during the period. Finally, State Street Corp grew its stake in Golden Entertainment by 7.8% in the 2nd quarter. State Street Corp now owns 687,862 shares of the company’s stock valued at $27,205,000 after acquiring an additional 49,711 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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Insider buying and selling

In related news, COO Stephen Arcana sold 12,500 shares of Golden Entertainment stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $37.96, for a total transaction of $474,500.00. Following the completion of the transaction, the chief operating officer now directly owns 306,191 shares in the company, valued at approximately $11,623,010.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Insiders own 30.00% of the company’s shares.

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Golden Entertainment Company Profile

(Get rating)

Golden Entertainment, Inc. is involved in the development, finance, management and ownership of casino properties. It operates through the following segments: Distributed Games and Casinos. The Distributed Gaming segment is engaged in the installation, maintenance and operation of slots and entertainment devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars and taverns, and the operation of wholly owned branded taverns that target. local patrons.

Further reading

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

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