Wall Street analysts expect that Golden Entertainment Inc (NASDAQ:GDEN) will post sales of $242.64 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Golden Entertainment’s earnings, with the highest sales estimate coming in at $242.90 million and the lowest estimate coming in at $242.37 million. Golden Entertainment posted sales of $210.34 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The firm is expected to report 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 fiscal year, analysts forecast that the company will report sales of $989.09 million, with estimates ranging from $978.20 million to $999.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Tuesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.21). The business had revenue of $248.07 million during the quarter, compared to analyst estimates of $249.18 million. Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.50%.
NASDAQ:GDEN traded down $0.11 on Friday, hitting $12.56. 104,549 shares of the stock were exchanged, compared to its average volume of 158,668. The stock has a market capitalization of $368.65 million, a PE ratio of -23.77 and a beta of 1.29. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.20 and a current ratio of 1.26. The business has a fifty day moving average of $14.12. Golden Entertainment has a fifty-two week low of $12.32 and a fifty-two week high of $29.72.
In other Golden Entertainment news, SVP Blake L. Sartini II bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $13.87 per share, for a total transaction of $138,700.00. Following the transaction, the senior vice president now directly owns 37,271 shares in the company, valued at $516,948.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony A. Marnell III bought 6,800 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $90,644.00. Following the completion of the transaction, the director now owns 28,679 shares in the company, valued at $382,291.07. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 27,800 shares of company stock worth $377,254. 36.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GDEN. Penn Capital Management Co. Inc. increased its position in Golden Entertainment by 21.9% in the 1st quarter. Penn Capital Management Co. Inc. now owns 1,065,427 shares of the company’s stock valued at $15,086,000 after acquiring an additional 191,451 shares during the period. New York State Common Retirement Fund boosted its stake in Golden Entertainment by 25.1% during the 1st quarter. New York State Common Retirement Fund now owns 514,506 shares of the company’s stock valued at $7,285,000 after purchasing an additional 103,301 shares in the last quarter. Citadel Advisors LLC boosted its stake in Golden Entertainment by 542.8% during the 2nd quarter. Citadel Advisors LLC now owns 79,708 shares of the company’s stock valued at $1,116,000 after purchasing an additional 97,708 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Golden Entertainment by 48.1% during the 2nd quarter. Renaissance Technologies LLC now owns 247,700 shares of the company’s stock valued at $3,468,000 after purchasing an additional 80,400 shares in the last quarter. Finally, Zeke Capital Advisors LLC boosted its stake in Golden Entertainment by 6.4% during the 1st quarter. Zeke Capital Advisors LLC now owns 1,107,000 shares of the company’s stock valued at $17,535,000 after purchasing an additional 66,400 shares in the last quarter. Hedge funds and other institutional investors own 57.19% of the company’s stock.
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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