Equities analysts forecast that Caesars Entertainment Co. (NASDAQ:CZR) will report earnings per share of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Caesars Entertainment’s earnings, with estimates ranging from ($0.13) to ($0.05). Caesars Entertainment reported earnings per share of ($0.18) during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is expected to issue 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 financial year, with EPS estimates ranging from ($1.42) to ($1.38). For the next year, analysts expect that the company will post earnings of $0.00 per share, with EPS estimates ranging from ($0.15) to $0.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Caesars Entertainment.
Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, November 5th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.49). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.21 billion. Caesars Entertainment had a negative return on equity of 13.30% and a negative net margin of 7.98%. Caesars Entertainment’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share.
In other Caesars Entertainment news, VP Les Ottolenghi sold 17,499 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $11.48, for a total value of $200,888.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 52,114 shares of company stock valued at $597,753. Corporate insiders own 0.51% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CZR. Magnetar Financial LLC purchased a new position in shares of Caesars Entertainment in the second quarter worth $156,095,000. Omni Partners LLP purchased a new position in shares of Caesars Entertainment in the second quarter worth $86,908,000. Alpine Associates Management Inc. raised its holdings in shares of Caesars Entertainment by 2,876.5% in the second quarter. Alpine Associates Management Inc. now owns 7,227,000 shares of the company’s stock worth $85,423,000 after buying an additional 6,984,200 shares during the last quarter. ARP Americas LP raised its holdings in shares of Caesars Entertainment by 6,159.9% in the third quarter. ARP Americas LP now owns 6,174,435 shares of the company’s stock worth $71,994,000 after buying an additional 6,075,800 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Caesars Entertainment by 74.1% during the second quarter. Eagle Asset Management Inc. now owns 8,413,040 shares of the company’s stock worth $99,442,000 after purchasing an additional 3,580,046 shares during the last quarter.
CZR stock traded down $0.04 during mid-day trading on Tuesday, reaching $12.71. The company had a trading volume of 7,389,600 shares, compared to its average volume of 20,317,998. The company has a market capitalization of $8.35 billion, a PE ratio of -66.89 and a beta of 1.50. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $12.83. The company has a debt-to-equity ratio of 6.69, a current ratio of 1.15 and a quick ratio of 1.13. The firm has a 50 day moving average of $11.98 and a 200 day moving average of $11.04.
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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