Equities analysts expect Golden Entertainment Inc (NASDAQ:GDEN) to post earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Golden Entertainment’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.10. Golden Entertainment posted earnings of $0.16 per share during the same quarter last year, which indicates a negative year over year growth rate of 43.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 8th.

On average, analysts expect that Golden Entertainment will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.79. For the next financial year, analysts anticipate that the business will report earnings of $2.94 per share, with EPS estimates ranging from $1.33 to $4.54. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Golden Entertainment.

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

GDEN stock traded down $0.03 during mid-day trading on Tuesday, reaching $16.11. 62,746 shares of the company’s stock were exchanged, compared to its average volume of 197,582. The company has a market capitalization of $452.31 million, a P/E ratio of -30.40, a P/E/G ratio of 2.89 and a beta of 1.15. The company has a current ratio of 1.88, a quick ratio of 1.80 and a debt-to-equity ratio of 3.05. Golden Entertainment has a 12-month low of $13.00 and a 12-month high of $34.45.

Several large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in Golden Entertainment during the fourth quarter worth $27,000. Legal & General Group Plc increased its stake in Golden Entertainment by 25.2% during the fourth quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock worth $54,000 after acquiring an additional 684 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Golden Entertainment by 365.1% during the fourth 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 during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Golden Entertainment during the fourth quarter worth $102,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Golden Entertainment during the fourth quarter worth $217,000. 65.87% of the stock is owned by hedge funds and other institutional investors.

About Golden Entertainment

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 restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

Read More: What is a resistance level?

Get a free copy of the Zacks research report on Golden Entertainment (GDEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.