News coverage about Eldorado Resorts (NASDAQ:ERI) has been trending somewhat positive on Tuesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Eldorado Resorts earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.531160386353 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages have issued reports on ERI. Zacks Investment Research downgraded Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Friday. J P Morgan Chase & Co boosted their price target on Eldorado Resorts from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $29.00 target price on shares of Eldorado Resorts in a research note on Friday, November 3rd. BidaskClub downgraded Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Deutsche Bank initiated coverage on Eldorado Resorts in a research note on Monday, September 25th. They set a “buy” rating and a $32.00 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $30.00.
Eldorado Resorts (ERI) opened at $30.85 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.71 and a debt-to-equity ratio of 2.60. Eldorado Resorts has a 52 week low of $14.90 and a 52 week high of $31.35.
Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. equities analysts predict that Eldorado Resorts will post -0.08 earnings per share for the current fiscal year.
In related news, Director Bonnie Biumi sold 13,079 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $29.50, for a total transaction of $385,830.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David P. Tomick purchased 1,700 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $28.70 per share, with a total value of $48,790.00. Following the completion of the transaction, the director now directly owns 10,400 shares of the company’s stock, valued at approximately $298,480. The disclosure for this purchase can be found here. Corporate insiders own 1.14% of the company’s stock.
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Eldorado Resorts Company Profile
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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