Gold prices hold sharp gains as soft US jobs data fuels Fed rate cut bets
Golden Entertainment, Inc. (NASDAQ:GDEN) stock has reached a 52-week low, dipping to $25.17, as investors respond to the company’s performance amidst market challenges. With a market capitalization of $659 million and a P/E ratio of 13.9, InvestingPro analysis suggests the stock is currently trading near its Fair Value. Over the past year, the stock has experienced a significant downturn, with the 1-year change data reflecting a decrease of 30.93%. Despite this decline, management has been actively buying back shares, and analysts maintain price targets ranging from $31 to $40. The company offers a 3.6% dividend yield, providing some compensation for patient investors. This notable decline has brought the company’s shares to a price level that investors haven’t seen in the last year, marking a critical point for the company as it navigates through the current economic landscape. The 52-week low serves as a potential inflection point for Golden Entertainment as market participants weigh the stock’s valuation against its future growth prospects. Discover more insights and 6 additional ProTips with InvestingPro’s comprehensive analysis.
In other recent news, Golden Entertainment has reported its fourth-quarter 2024 earnings, revealing a significant shortfall in earnings per share (EPS) compared to analyst forecasts. The company’s EPS was $0.10, missing the forecasted $0.22, while revenue for the quarter was $164.2 million, below the expected $168.83 million. Despite these results, the company achieved an EBITDA of $39 million for the quarter and $155 million for the year. Golden Entertainment also repurchased 2.9 million shares, returning $190 million to shareholders. Analysts at Citizens JMP have raised the price target for Golden Entertainment shares to $37, maintaining a Market Outperform rating, following the company’s fourth-quarter performance. The Locals segment saw an 8% increase compared to consensus estimates, though the Taverns segment faced challenges with a 10% shortfall due to increased costs. The company remains focused on development opportunities in Las Vegas and improving tavern performance, anticipating organic growth in 2025.
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