Wall Street brokerages expect Golden Entertainment Inc (NASDAQ:GDEN) to report sales of $242.64 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Golden Entertainment’s earnings, with the lowest sales estimate coming in at $242.37 million and the highest estimate coming in at $242.90 million. Golden Entertainment posted sales of $210.34 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Golden Entertainment will report full-year sales of $968.29 million for the current fiscal year, with estimates ranging from $964.00 million to $972.58 million. For the next financial year, analysts anticipate that the firm will report sales of $989.09 million, with estimates ranging from $978.20 million to $999.97 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Golden Entertainment.
Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.21). Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.50%. The company had revenue of $248.07 million during the quarter, compared to analyst estimates of $249.18 million.
In other Golden Entertainment news, Director Anthony A. Marnell III bought 10,000 shares of Golden Entertainment stock in a transaction on Friday, June 7th. The shares were bought at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 21,879 shares of the company’s stock, valued at $295,366.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony A. Marnell III bought 6,800 shares of Golden Entertainment stock in a transaction on Wednesday, June 12th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $90,644.00. Following the transaction, the director now directly owns 28,679 shares of the company’s stock, valued at $382,291.07. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 27,800 shares of company stock worth $377,254. 36.40% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of GDEN. Quantamental Technologies LLC grew its stake in Golden Entertainment by 165.3% during the 1st quarter. Quantamental Technologies LLC now owns 4,510 shares of the company’s stock worth $64,000 after purchasing an additional 2,810 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Golden Entertainment by 10.8% during the 4th quarter. Geode Capital Management LLC now owns 211,174 shares of the company’s stock worth $3,383,000 after acquiring an additional 20,561 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Golden Entertainment by 365.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,930 shares of the company’s stock worth $95,000 after acquiring an additional 4,655 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Golden Entertainment by 13.6% during the 1st quarter. Penn Capital Management Co. Inc. now owns 992,540 shares of the company’s stock worth $15,107,000 after acquiring an additional 118,564 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Golden Entertainment by 12.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 267,000 shares of the company’s stock worth $3,781,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors own 57.19% of the company’s stock.
Shares of GDEN stock traded down $0.11 during trading hours on Friday, hitting $12.56. 104,549 shares of the company were exchanged, compared to its average volume of 158,668. The company has a 50 day moving average of $14.12. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 3.96. Golden Entertainment has a 52 week low of $12.32 and a 52 week high of $29.72. The stock has a market cap of $368.65 million, a P/E ratio of -23.77 and a beta of 1.29.
About Golden Entertainment
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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