BYD
Boyd Gaming Corp (BYD) Q2 2026 Earnings Call Highlights: Strong Revenue Growth Amidst Las Vegas ...
Article Summary
BUY- Boyd Gaming Corp. (NYSE: BYD) posted strong revenue and EBITDA growth in Q2 2026 driven by strong performance in the Midwest and South segments, with margins expanding to nearly 38% and 4% respectively.
- Boyd Gaming returned over $170 million to shareholders through share repurchases and dividends during the quarter, reflecting a strong commitment to shareholder returns, while maintaining a 73.1 million share count at the end of the quarter and $297 million in CapEx year-to-date.
- Despite strong performances in other segments, the Las Vegas locals market faced softness, particularly in Orleans and Suncoast, while downtown Las Vegas was affected by lower pedestrian traffic and construction disruptions.
- BYD maintained strong leverage levels, with traditional leverage at 2.2 times and lease-adjusted leverage of 2.7 times, and continued CapEx spending of $142 million in the quarter.
- Despite these trends, the company maintained a strong dividend policy and continued share repurchase activity, with $15 million in dividends and 1.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.8% | 25% | 20.0 ptsMinimal (1.8%) - Very weak |
| EPS Growth Next 5Y ? | 5.7% | 25% | 20.0 ptsWeak (5.7%) - Low expectations |
| Target Price Upside ? | 11.2% | 20% | 50.0 ptsMeets Minimum (11.2%) - Target: $96.29 vs Current: $86.56 |
| Gross Margin % ? | 40.5% | 15% | 60.0 ptsSolid (40.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -4.9% | 15% | 20.0 ptsBarely a Dip (-4.9%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About BYD
- Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada.
- The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.
- It owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency.
- The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in April 1993.
- Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada.