According to Zacks, “Eldorado Resorts, Inc. is a casino entertainment company. It provides casino and entertainment services primarily in Nevada and Louisiana, United States. The Company’s facilities and services include casino games; hotels; entertainment and events; signature and casual restaurants; various venues; and guest services. Its casino also provides facilities for meetings and special events; catering and banquet services; and golf, ski, Reno bowling, baseball, basecamp climbing, truckee river, Reno fernley raceway, and museum services. Eldorado Resorts, Inc. is based in Reno, Nevada. “
Other analysts also recently issued reports about the company. Deutsche Bank restated a buy rating and issued a $66.00 price target on shares of Eldorado Resorts in a research note on Sunday, September 1st. TheStreet downgraded Eldorado Resorts from a b rating to a c+ rating in a research note on Friday, September 6th. ValuEngine downgraded Eldorado Resorts from a buy rating to a hold rating in a research note on Thursday, September 26th. Wolfe Research upgraded Eldorado Resorts from a peer perform rating to an outperform rating and set a $46.12 price target on the stock in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus set a $58.00 price target on Eldorado Resorts and gave the company a buy rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $53.90.
Eldorado Resorts stock opened at $42.21 on Tuesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.83 and a quick ratio of 1.78. Eldorado Resorts has a 1-year low of $31.86 and a 1-year high of $54.99. The company has a market cap of $3.04 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The stock’s 50 day moving average price is $40.01 and its 200 day moving average price is $45.54.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.25). Eldorado Resorts had a net margin of 3.90% and a return on equity of 9.47%. The business had revenue of $637.10 million during the quarter, compared to analysts’ expectations of $658.74 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. On average, equities research analysts anticipate that Eldorado Resorts will post 1.73 EPS for the current fiscal year.
In other news, Director James B. Hawkins acquired 2,000 shares of Eldorado Resorts stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $35.70 per share, with a total value of $71,400.00. Following the completion of the acquisition, the director now owns 125,137 shares in the company, valued at approximately $4,467,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Hawkins acquired 6,000 shares of Eldorado Resorts stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $40.35 per share, with a total value of $242,100.00. Following the completion of the acquisition, the director now owns 119,137 shares of the company’s stock, valued at approximately $4,807,177.95. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of ERI. HG Vora Capital Management LLC acquired a new position in Eldorado Resorts during the second quarter worth $207,315,000. BlackRock Inc. raised its holdings in shares of Eldorado Resorts by 24.3% in the second quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock worth $421,721,000 after acquiring an additional 1,789,647 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Eldorado Resorts by 469.5% in the second quarter. Point72 Asset Management L.P. now owns 958,035 shares of the company’s stock worth $44,137,000 after acquiring an additional 789,816 shares during the last quarter. Park West Asset Management LLC raised its holdings in shares of Eldorado Resorts by 24.9% in the second quarter. Park West Asset Management LLC now owns 3,154,116 shares of the company’s stock worth $145,310,000 after acquiring an additional 629,116 shares during the last quarter. Finally, Pentwater Capital Management LP acquired a new position in shares of Eldorado Resorts in the second quarter worth $25,460,000. 99.02% of the stock is owned by hedge funds and other institutional investors.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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