$0.09 Earnings Per Share Expected for Golden Entertainment Inc (GDEN) This Quarter

Equities research analysts predict that Golden Entertainment Inc (NASDAQ:GDEN) will report earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Golden Entertainment’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.10. Golden Entertainment reported earnings of $0.16 per share in the same quarter last year, which would indicate a negative year over year growth rate of 43.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 8th.

On average, analysts expect that Golden Entertainment will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.34 to $0.79. For the next year, analysts anticipate that the business will post earnings of $2.94 per share, with EPS estimates ranging from $1.33 to $4.54. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Golden Entertainment.

GDEN has been the topic of several research reports. BidaskClub lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Zacks Investment Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Deutsche Bank dropped their target price on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, ValuEngine downgraded shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.67.

Shares of GDEN stock traded up $0.10 during trading hours on Tuesday, reaching $16.33. 113,615 shares of the stock were exchanged, compared to its average volume of 138,166. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.80 and a current ratio of 1.88. Golden Entertainment has a 12-month low of $13.00 and a 12-month high of $34.45. The firm has a market capitalization of $452.31 million, a price-to-earnings ratio of -30.81, a PEG ratio of 2.89 and a beta of 1.15.

Several hedge funds and other institutional investors have recently modified their holdings of GDEN. Quantamental Technologies LLC bought a new position in shares of Golden Entertainment in the fourth quarter worth approximately $27,000. Legal & General Group Plc increased its holdings in Golden Entertainment by 25.2% during the fourth quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock valued at $54,000 after buying an additional 684 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Golden Entertainment by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock valued at $95,000 after buying an additional 4,655 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Golden Entertainment during the fourth quarter valued at approximately $102,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Golden Entertainment during the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 65.87% of the company’s stock.

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

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