Eldorado Resorts Inc (NASDAQ:ERI)’s share price was down 6.2% on Friday . The stock traded as low as $44.13 and last traded at $44.33. Approximately 1,393,269 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 916,100 shares. The stock had previously closed at $47.26.
Several equities analysts have recently weighed in on ERI shares. Jefferies Financial Group set a $57.00 target price on Eldorado Resorts and gave the company a “buy” rating in a research report on Friday, October 5th. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Saturday, September 15th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Eldorado Resorts currently has an average rating of “Buy” and a consensus target price of $49.38.
The stock has a market capitalization of $3.67 billion, a P/E ratio of 4,759.00, a P/E/G ratio of 1.47 and a beta of 1.08. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $461.57 million. During the same quarter in the previous year, the business posted ($0.68) EPS. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, analysts expect that Eldorado Resorts Inc will post 1.61 earnings per share for the current fiscal year.
In other Eldorado Resorts news, Director James B. Hawkins bought 4,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was bought at an average price of $42.45 per share, with a total value of $169,800.00. Following the completion of the purchase, the director now directly owns 107,832 shares in the company, valued at $4,577,468.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony L. Carano bought 1,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were acquired at an average cost of $45.60 per share, with a total value of $45,600.00. Following the purchase, the chief operating officer now owns 26,979 shares of the company’s stock, valued at $1,230,242.40. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 6,000 shares of company stock worth $261,900. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Navellier & Associates Inc increased its stake in Eldorado Resorts by 19.7% during the second quarter. Navellier & Associates Inc now owns 72,820 shares of the company’s stock worth $2,847,000 after acquiring an additional 11,976 shares during the last quarter. Victory Capital Management Inc. increased its stake in Eldorado Resorts by 19.3% during the second quarter. Victory Capital Management Inc. now owns 810,530 shares of the company’s stock worth $31,691,000 after acquiring an additional 131,250 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Eldorado Resorts during the second quarter worth $2,409,000. Schwab Charles Investment Management Inc. increased its stake in Eldorado Resorts by 19.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 325,625 shares of the company’s stock worth $12,732,000 after acquiring an additional 52,013 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Eldorado Resorts during the second quarter worth $2,646,000. 88.27% of the stock is owned by institutional investors.
Eldorado Resorts Company Profile (NASDAQ:ERI)
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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