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Investing.com - Citizens JMP lowered its price target on Golden Entertainment (NASDAQ:GDEN) to $34.00 from $35.00 on Tuesday, while maintaining a Market Outperform rating on the stock. The company, currently trading at $24.45 with a market cap of $640 million, has seen InvestingPro data show two analysts recently revising their earnings estimates downward.
The firm reduced its EBITDAR estimates for the company across multiple years, now projecting $145 million for 2025, $151 million for 2026, and $156 million for 2027.
These revised figures represent a slight decrease from previous estimates of $147 million, $153 million, and $158 million for the respective years.
Despite the price target reduction, Citizens JMP maintained its valuation methodology, continuing to base its target on a blend of 8.2x 2027 estimated EBITDA and 11.5x the company’s 2026-2027 estimated free cash flow.
The firm’s maintained Market Outperform rating suggests it still expects Golden Entertainment to outperform the broader market despite the modest reduction in financial projections.
In other recent news, Golden Entertainment reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $0.17, which surpassed the forecasted $0.16. Despite this positive EPS surprise of 6.25%, the company experienced a slight revenue miss, with actual revenue reaching $163.6 million, falling short of the projected $167.43 million. The company also reported a second-quarter EBITDA of $38.4 million, a year-over-year decline of 7%, which fell slightly below consensus estimates. Macquarie noted that normalizing for low table performance in Laughlin, EBITDA would have exceeded consensus by 2%. Wells Fargo maintained an Overweight rating on Golden Entertainment while adjusting its price target from $36.00 to $34.00, following the company’s second-quarter EBITDA of $38 million. Similarly, Macquarie lowered its price target to $37.00, maintaining an Outperform rating due to the mixed second-quarter results. These developments highlight the recent financial performance and analyst perspectives on Golden Entertainment.
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