Equities Analysts Issue Forecasts for Golden Entertainment Inc’s Q1 2021 Earnings (NASDAQ:GDEN)

Golden Entertainment Inc (NASDAQ:GDEN) – Equities researchers at Jefferies Financial Group issued their Q1 2021 earnings estimates for shares of Golden Entertainment in a research report issued on Thursday, September 10th. Jefferies Financial Group analyst D. Katz forecasts that the company will earn ($0.44) per share for the quarter. Jefferies Financial Group also issued estimates for Golden Entertainment’s Q2 2021 earnings at ($0.31) EPS, Q3 2021 earnings at ($0.34) EPS and Q4 2021 earnings at ($0.37) EPS.

A number of other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 1st. Zacks Investment Research downgraded shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, BidaskClub raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.50.

Shares of Golden Entertainment stock opened at $12.73 on Friday. The company has a 50 day moving average of $11.26 and a 200-day moving average of $10.05. Golden Entertainment has a 1-year low of $3.55 and a 1-year high of $21.67. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 7.19. The company has a market cap of $361.29 million, a PE ratio of -2.77 and a beta of 2.56.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($2.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.30). Golden Entertainment had a negative return on equity of 39.72% and a negative net margin of 16.69%. The firm had revenue of $75.97 million for the quarter, compared to the consensus estimate of $53.18 million.

In related news, EVP Sean T. Higgins sold 4,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $10.22, for a total value of $45,990.00. Following the completion of the transaction, the executive vice president now owns 66,884 shares of the company’s stock, valued at approximately $683,554.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 36.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Golden Entertainment by 2,695.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,619 shares of the company’s stock valued at $37,000 after purchasing an additional 5,418 shares during the last quarter. Perennial Investment Advisors LLC acquired a new position in Golden Entertainment in the 2nd quarter valued at approximately $89,000. Trexquant Investment LP acquired a new position in Golden Entertainment in the 2nd quarter valued at approximately $99,000. Two Sigma Investments LP acquired a new position in Golden Entertainment in the 1st quarter valued at approximately $103,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Golden Entertainment in the 1st quarter valued at approximately $111,000. 47.77% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Golden Entertainment (NASDAQ:GDEN)

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