Golden Entertainment (GDEN) Scheduled to Post Quarterly Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN) is scheduled to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.50). Golden Entertainment had a return on equity of 1.13% and a net margin of 30.14%. The business had revenue of $174.05 million for the quarter, compared to the consensus estimate of $168.72 million. On average, analysts expect Golden Entertainment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Golden Entertainment Stock Performance

GDEN opened at $27.90 on Wednesday. The business’s 50-day simple moving average is $30.19 and its 200 day simple moving average is $33.14. Golden Entertainment has a 52-week low of $27.55 and a 52-week high of $43.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36. The firm has a market capitalization of $807.68 million, a PE ratio of 3.01 and a beta of 2.23.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GDEN. B. Riley initiated coverage on shares of Golden Entertainment in a report on Friday, April 26th. They set a “buy” rating and a $46.00 target price on the stock. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Truist Financial reduced their price objective on shares of Golden Entertainment from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, JMP Securities lowered their price target on shares of Golden Entertainment from $42.00 to $39.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

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.