Wall Street brokerages expect that Caesars Entertainment Co. (NASDAQ:CZR) will announce ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Caesars Entertainment’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.13). Caesars Entertainment posted earnings per share of ($0.18) during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings results on Thursday, February 20th.
On average, analysts expect that Caesars Entertainment will report full-year earnings of ($1.40) per share for the current year, with EPS estimates ranging from ($1.42) to ($1.38). For the next financial year, analysts anticipate that the company will report earnings of $0.00 per share, with EPS estimates ranging from ($0.15) to $0.17. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Caesars Entertainment.
Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.49). Caesars Entertainment had a negative net margin of 7.98% and a negative return on equity of 13.30%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.
Several research firms recently issued reports on CZR. ValuEngine cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank set a $13.00 price objective on shares of Caesars Entertainment and gave the company a “buy” rating in a research note on Monday, September 23rd. Zacks Investment Research upgraded shares of Caesars Entertainment from a “sell” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday. BidaskClub lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, TheStreet lowered shares of Caesars Entertainment from a “c-” rating to a “d+” rating in a research note on Tuesday, October 29th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.97.
In other news, VP Les Ottolenghi sold 17,499 shares of Caesars Entertainment stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $11.48, for a total transaction of $200,888.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 52,114 shares of company stock worth $597,753 in the last quarter. Insiders own 0.51% of the company’s stock.
Several large investors have recently modified their holdings of the stock. HM Capital Management LLC boosted its holdings in shares of Caesars Entertainment by 0.6% during the third quarter. HM Capital Management LLC now owns 172,884 shares of the company’s stock valued at $2,016,000 after acquiring an additional 1,054 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Caesars Entertainment by 2.5% during the second quarter. Janney Montgomery Scott LLC now owns 47,833 shares of the company’s stock valued at $565,000 after acquiring an additional 1,159 shares during the period. Aperio Group LLC boosted its holdings in shares of Caesars Entertainment by 1.2% during the second quarter. Aperio Group LLC now owns 105,814 shares of the company’s stock valued at $1,251,000 after acquiring an additional 1,253 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Caesars Entertainment by 1.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 107,790 shares of the company’s stock valued at $1,274,000 after acquiring an additional 1,570 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Caesars Entertainment during the second quarter valued at $26,000.
CZR traded down $0.04 on Tuesday, reaching $12.71. The stock had a trading volume of 7,389,600 shares, compared to its average volume of 20,317,998. Caesars Entertainment has a 12-month low of $5.84 and a 12-month high of $12.83. The company has a market cap of $8.35 billion, a P/E ratio of -66.89 and a beta of 1.50. The business’s 50-day moving average price is $11.98 and its two-hundred day moving average price is $11.04. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 6.69.
About Caesars Entertainment
Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.
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