Golden Entertainment (GDEN) Expected to Announce Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN) is expected to be releasing its earnings data after the market closes on Thursday, February 27th. Analysts expect Golden Entertainment to post earnings of $0.23 per share and revenue of $168.28 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Golden Entertainment Trading Down 3.3 %

GDEN stock opened at $30.53 on Wednesday. The company has a market capitalization of $837.41 million, a PE ratio of 24.62 and a beta of 2.21. Golden Entertainment has a one year low of $27.42 and a one year high of $37.30. The company’s 50 day moving average price is $32.24 and its two-hundred day moving average price is $31.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Wall Street Analysts Forecast Growth

Several research firms have commented on GDEN. Jefferies Financial Group lifted their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Macquarie decreased their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price on the stock. Finally, StockNews.com raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.57.

Insider Buying and Selling at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now directly owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 29.10% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.