Golden Entertainment (NASDAQ:GDEN) Posts Earnings Results, Misses Estimates By $0.18 EPS

Golden Entertainment (NASDAQ:GDEN) announced its quarterly earnings results on Thursday. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.18), Fidelity Earnings reports. Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%. The business had revenue of $243.31 million during the quarter, compared to the consensus estimate of $241.69 million.

Shares of NASDAQ:GDEN traded up $0.50 during trading on Friday, reaching $16.06. The company’s stock had a trading volume of 313,400 shares, compared to its average volume of 148,074. The stock has a market capitalization of $438.72 million, a PE ratio of -30.30 and a beta of 1.26. The firm’s 50 day simple moving average is $13.84 and its two-hundred day simple moving average is $14.02. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 4.18. Golden Entertainment has a 12 month low of $12.32 and a 12 month high of $20.42.

In other Golden Entertainment news, Director Anthony A. Marnell III acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $13.23 per share, with a total value of $132,300.00. Following the completion of the acquisition, the director now directly owns 34,579 shares in the company, valued at approximately $457,480.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony A. Marnell III acquired 5,900 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $12.87 per share, for a total transaction of $75,933.00. Following the completion of the acquisition, the director now owns 34,579 shares of the company’s stock, valued at $445,031.73. The disclosure for this purchase can be found here. Company insiders own 36.40% of the company’s stock.

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GDEN has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. BidaskClub raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine raised shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Golden Entertainment in a report on Wednesday, October 23rd. They issued an “overweight” rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.00.

Golden Entertainment Company Profile

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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Earnings History for Golden Entertainment (NASDAQ:GDEN)

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