Eldorado Resorts (NASDAQ:ERI) released its quarterly earnings results on Thursday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10), Morningstar.com reports. The firm had revenue of $487.25 million for the quarter, compared to the consensus estimate of $494.60 million. Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS.
ERI stock traded down $2.17 during trading on Friday, hitting $36.72. The company had a trading volume of 3,545,107 shares, compared to its average volume of 1,510,442. The company has a market capitalization of $2.92 billion, a P/E ratio of 3,672.00, a PEG ratio of 1.17 and a beta of 1.47. Eldorado Resorts has a fifty-two week low of $28.15 and a fifty-two week high of $50.64. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20.
In other Eldorado Resorts news, COO Anthony L. Carano purchased 1,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was bought at an average cost of $45.60 per share, with a total value of $45,600.00. Following the acquisition, the chief operating officer now owns 26,979 shares of the company’s stock, valued at $1,230,242.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ERI. Bank of Montreal Can lifted its holdings in Eldorado Resorts by 282.7% in the 2nd quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock valued at $130,000 after acquiring an additional 2,468 shares during the last quarter. Strs Ohio acquired a new stake in Eldorado Resorts during the 2nd quarter worth about $156,000. FNY Investment Advisers LLC acquired a new stake in Eldorado Resorts during the 2nd quarter worth about $185,000. Oppenheimer Asset Management Inc. acquired a new stake in Eldorado Resorts during the 3rd quarter worth about $252,000. Finally, First Mercantile Trust Co. acquired a new stake in Eldorado Resorts during the 3rd quarter worth about $298,000. 88.48% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. BidaskClub downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Friday, July 27th. JPMorgan Chase & Co. set a $60.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, Jefferies Financial Group set a $57.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a report on Friday, October 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $51.56.
COPYRIGHT VIOLATION NOTICE: “Eldorado Resorts (ERI) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/11/10/eldorado-resorts-eri-releases-quarterly-earnings-results-misses-estimates-by-0-10-eps.html.
Eldorado Resorts Company Profile
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.
Read More: Insider Trading
Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.