Research Analysts Offer Predictions for Caesars Entertainment Co.’s Q2 2019 Earnings (CZR)

Caesars Entertainment Co. (NASDAQ:CZR) – Stock analysts at Jefferies Financial Group raised their Q2 2019 earnings per share estimates for Caesars Entertainment in a research note issued on Friday, November 2nd. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their previous estimate of $0.05. Jefferies Financial Group currently has a “Hold” rating and a $11.00 target price on the stock. Jefferies Financial Group also issued estimates for Caesars Entertainment’s FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.37 EPS.

Several other research analysts have also commented on CZR. Zacks Investment Research raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Bank of America initiated coverage on Caesars Entertainment in a research report on Monday, July 23rd. They set a “buy” rating and a $14.00 price target on the stock. BidaskClub lowered Caesars Entertainment from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 4th. Finally, Deutsche Bank initiated coverage on Caesars Entertainment in a research report on Tuesday, September 4th. They set a “buy” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.10.

CZR opened at $9.50 on Monday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of -2.82 and a beta of 0.81. Caesars Entertainment has a 52 week low of $7.95 and a 52 week high of $14.50. The company has a current ratio of 1.98, a quick ratio of 1.96 and a debt-to-equity ratio of 5.52.

Several hedge funds have recently made changes to their positions in CZR. Levin Capital Strategies L.P. purchased a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $102,000. Sawtooth Solutions LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $108,000. KCM Investment Advisors LLC purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $120,000. IBM Retirement Fund purchased a new stake in shares of Caesars Entertainment in the second quarter valued at approximately $125,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Caesars Entertainment in the third quarter valued at approximately $148,000.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Earnings History and Estimates for Caesars Entertainment (NASDAQ:CZR)

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