Zacks: Analysts Anticipate Golden Entertainment Inc (GDEN) Will Post Earnings of $0.04 Per Share

Wall Street brokerages forecast that Golden Entertainment Inc (NASDAQ:GDEN) will report earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Golden Entertainment’s earnings. Golden Entertainment posted earnings of ($0.43) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 109.3%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, March 14th.

On average, analysts expect that Golden Entertainment will report full-year earnings of $0.19 per share for the current year. For the next year, analysts expect that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.64 to $0.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Golden Entertainment.

Several research firms have recently weighed in on GDEN. BidaskClub downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Deutsche Bank cut their target price on Golden Entertainment from $38.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Finally, ValuEngine downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.67.



NASDAQ GDEN traded down $0.59 on Friday, reaching $14.86. The company had a trading volume of 144,186 shares, compared to its average volume of 279,581. The firm has a market capitalization of $411.59 million, a P/E ratio of 43.71, a PEG ratio of 2.08 and a beta of 1.19. Golden Entertainment has a 52-week low of $13.00 and a 52-week high of $34.45. The company has a current ratio of 1.88, a quick ratio of 2.41 and a debt-to-equity ratio of 3.05.

A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Golden Entertainment by 25.2% in the 4th 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 period. Quantamental Technologies LLC acquired a new stake in shares of Golden Entertainment in the 4th quarter worth approximately $27,000. Gabelli Funds LLC lifted its stake in shares of Golden Entertainment by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 221,000 shares of the company’s stock worth $3,540,000 after acquiring an additional 2,000 shares during the period. Raymond James & Associates lifted its stake in shares of Golden Entertainment by 2.4% in the 4th quarter. Raymond James & Associates now owns 86,746 shares of the company’s stock worth $1,390,000 after acquiring an additional 2,000 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Golden Entertainment by 53.0% in the 3rd quarter. Alliancebernstein L.P. now owns 12,700 shares of the company’s stock worth $305,000 after acquiring an additional 4,400 shares during the period. Institutional investors own 65.16% 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 non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; 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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