Eldorado Resorts (NASDAQ:ERI) has been given a $54.00 price objective by research analysts at Deutsche Bank in a research report issued to clients and investors on Saturday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 47.06% from the company’s previous close.
Several other analysts have also commented on the stock. ValuEngine raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. BidaskClub lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Jefferies Financial Group set a $57.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Eldorado Resorts has a consensus rating of “Buy” and a consensus target price of $52.31.
ERI opened at $36.72 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.25 and a current ratio of 2.32. Eldorado Resorts has a fifty-two week low of $28.15 and a fifty-two week high of $50.64. The stock has a market cap of $3.01 billion, a P/E ratio of 3,672.00, a PEG ratio of 1.21 and a beta of 1.47.
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Eldorado Resorts had a net margin of 10.21% and a return on equity of 12.60%. The firm had revenue of $487.25 million for the quarter, compared to the consensus estimate of $494.60 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that Eldorado Resorts will post 1.55 EPS for the current fiscal year.
In other Eldorado Resorts news, Director James B. Hawkins bought 1,000 shares of Eldorado Resorts stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average price of $46.50 per share, for a total transaction of $46,500.00. Following the completion of the purchase, the director now directly owns 108,832 shares of the company’s stock, valued at $5,060,688. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Navellier & Associates Inc increased its stake in shares of Eldorado Resorts by 19.7% in the second quarter. Navellier & Associates Inc now owns 72,820 shares of the company’s stock worth $2,847,000 after purchasing an additional 11,976 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Eldorado Resorts in the second quarter worth about $2,409,000. Victory Capital Management Inc. grew 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 valued at $31,691,000 after acquiring an additional 131,250 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Eldorado Resorts during the second quarter valued at approximately $2,646,000. Finally, Schwab Charles Investment Management Inc. grew 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 valued at $12,732,000 after acquiring an additional 52,013 shares in the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.
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.
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