These Analysts Cut Their Forecasts On Boyd Gaming After Q1 Earnings
These Analysts Cut Their Forecasts On Boyd Gaming After Q1 Earnings
Boyd Gaming Corporation (NYSE:BYD) reported worse-than-expected first-quarter earnings on Thursday.
博伊德遊戲公司（紐約證券交易所代碼：BYD）週四公佈的第一季度收益低於預期。
Boyd Gaming posted adjusted earnings of $1.51 per share, missing market estimates of $1.57 per share. The company's quarterly sales came in at $960.521 million versus expectations of $958.741 million, according to data from Benzinga Pro.
博伊德遊戲公佈的調整後每股收益爲1.51美元，未達到市場預期的每股1.57美元。根據Benzinga Pro的數據，該公司的季度銷售額爲9.60521億美元，而預期爲9.58741億美元。
Total adjusted EBITDAR was $330.5 million in the first quarter down from $367.1 million in the year-ago quarter.
第一季度調整後的息稅折舊攤銷前利潤總額爲3.305億美元，低於去年同期的3.671億美元。
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "After a record 2023, the first quarter of 2024 was a challenging start to the year. Severe winter weather had a significant impact on our Midwest & South segment early in the quarter while we also experienced increased competitive pressures in the Las Vegas Locals market. However, throughout our business, many of the positive trends from the fourth quarter continued into the new year. By focusing on our disciplined operating and marketing strategies, we have been able to maintain strong operating margins. Additionally, our significant cash flows and strong balance sheet allow us to continue returning capital to our shareholders through our ongoing share repurchases and quarterly dividend programs. Looking ahead, we remain confident in our ability to successfully navigate the current environment and deliver value to our shareholders."
博伊德遊戲總裁兼首席執行官基思·史密斯表示：“在經歷了創紀錄的2023年之後，2024年第一季度對今年來說是一個充滿挑戰的開端。在本季度初，嚴酷的冬季天氣對我們的中西部和南部細分市場產生了重大影響，同時我們在拉斯維加斯本地市場的競爭壓力也越來越大。但是，在我們的整個業務中，從第四季度開始的許多積極趨勢一直持續到新的一年。通過專注於我們嚴格的運營和營銷策略，我們得以保持強勁的營業利潤率。此外，我們龐大的現金流和強勁的資產負債表使我們能夠通過持續的股票回購和季度分紅計劃繼續向股東返還資本。展望未來，我們對成功駕馭當前環境併爲股東創造價值的能力充滿信心。”
Boyd Gaming shares fell 1.1% to close at $62.89 on Thursday.
週四，博伊德遊戲股價下跌1.1％，收於62.89美元。
These analysts made changes to their price targets on Boyd Gaming following earnings announcement.
業績公佈後，這些分析師更改了Boyd Gaming的目標股價。
- JP Morgan cut the price target on Boyd Gaming from $80 to $67. JP Morgan analyst Joseph Greff downgraded the stock from Overweight to Neutral.
- Deutsche Bank slashed the price target on Boyd Gaming from $78 to $71. Deutsche Bank analyst Carlo Santarelli downgraded the stock from Buy to Hold.
- 摩根大通將博伊德遊戲的目標股價從80美元下調至67美元。摩根大通分析師約瑟夫·格雷夫將該股的評級從增持下調至中性。
- 德意志銀行將博伊德遊戲的目標股價從78美元下調至71美元。德意志銀行分析師卡洛·桑塔雷利將該股的評級從買入下調至持有。
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譯文內容由第三人軟體翻譯。