![]() ![]() At the current market cap of $7 billion, it implies that the company will continue to return 5.7% of its outstanding shares per year, creating value for shareholders. Strong Shareholders Returns Via Buybacks and Dividendsīoyd has consistently returned value to its shareholders in the form of increased share buybacks and dividends.ĭuring its recent earnings call the company reaffirmed its plans to continue returning $100 million per quarter to shareholders via share buybacks. Further, Q1 EBITDAR (EBITDA adjusted for rent expenses) improved 8.4% year-over-year, fueled by EBITDAR from online operations that more than doubled, aided by newly-launched sports-betting operations. Robust demand and momentum in online gaming were able to set off lowered revenues from its core land-based casinos. This is highly commendable, given the continuous rise in interest rates and an uncertain macroeconomic outlook. Earnings per share (EPS) easily surpassed Wall Street's expectations for the ninth consecutive quarter ($1.71 vs. Putting concerns over an imminent consumer slowdown to rest, Boyd Gaming reported upbeat Q1 results on April 25. Record Q1 Results Show Off Business Resilience With 28 wholly-owned gaming entertainment properties across 10 states in the U.S., Boyd Gaming also owns and operates Boyd Interactive, a business-to-business (B2B) and business-to-consumer (B2C) online casino gaming business. ![]()
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