Brokerages predict that Eldorado Resorts Inc (NASDAQ:ERI) will post earnings per share (EPS) of $0.64 for the current quarter, according to Zacks. Four analysts have made estimates for Eldorado Resorts’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.68. Eldorado Resorts reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The company is scheduled to issue its next earnings results on Thursday, November 1st.
On average, analysts expect that Eldorado Resorts will report full year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.69 to $1.85. For the next year, analysts expect that the business will post earnings of $2.46 per share, with EPS estimates ranging from $1.88 to $3.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.05). Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The company had revenue of $456.80 million during the quarter, compared to analyst estimates of $461.57 million. During the same quarter in the prior year, the company posted ($0.68) earnings per share. The business’s revenue was up 21.6% compared to the same quarter last year.
Several brokerages have recently commented on ERI. Roth Capital upped their price objective on shares of Eldorado Resorts from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, April 16th. Telsey Advisory Group upped their price objective on shares of Eldorado Resorts from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, April 17th. Deutsche Bank upped their price objective on shares of Eldorado Resorts from $38.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 17th. BidaskClub lowered shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 7th. Finally, JPMorgan Chase & Co. set a $55.00 target price on shares of Eldorado Resorts and gave the stock a “buy” rating in a report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.94.
In other Eldorado Resorts news, Director Roger P. Wagner sold 10,000 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $44.30, for a total transaction of $443,000.00. Following the sale, the director now directly owns 130,000 shares in the company, valued at approximately $5,759,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James B. Hawkins bought 4,000 shares of Eldorado Resorts stock in a transaction on Tuesday, August 7th. The shares were acquired at an average price of $42.45 per share, for a total transaction of $169,800.00. Following the completion of the acquisition, the director now owns 107,832 shares in the company, valued at $4,577,468.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock worth $1,521,300. 1.50% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in shares of Eldorado Resorts by 651.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,332,982 shares of the company’s stock valued at $43,989,000 after purchasing an additional 1,155,658 shares during the last quarter. BlackRock Inc. increased its position in shares of Eldorado Resorts by 33.2% in the 2nd quarter. BlackRock Inc. now owns 4,237,440 shares of the company’s stock valued at $165,686,000 after purchasing an additional 1,055,455 shares during the last quarter. FMR LLC increased its position in shares of Eldorado Resorts by 4.8% in the 2nd quarter. FMR LLC now owns 10,419,822 shares of the company’s stock valued at $407,415,000 after purchasing an additional 475,601 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Eldorado Resorts by 81.3% in the 1st quarter. Frontier Capital Management Co. LLC now owns 496,603 shares of the company’s stock valued at $16,388,000 after purchasing an additional 222,651 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Eldorado Resorts by 19.3% in the 2nd quarter. Victory Capital Management Inc. now owns 810,530 shares of the company’s stock valued at $31,691,000 after purchasing an additional 131,250 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.
Shares of Eldorado Resorts traded down $0.05, hitting $43.50, during trading hours on Tuesday, Marketbeat reports. The company had a trading volume of 435,695 shares, compared to its average volume of 727,306. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.12 and a current ratio of 2.32. Eldorado Resorts has a fifty-two week low of $21.70 and a fifty-two week high of $46.85. The firm has a market cap of $3.37 billion, a P/E ratio of 31.11 and a beta of 1.05.
About Eldorado Resorts
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
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