Wall Street brokerages forecast that Eldorado Resorts Inc (NASDAQ:ERI) will report earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Eldorado Resorts’ earnings. The lowest EPS estimate is ($0.32) and the highest is $0.39. Eldorado Resorts posted earnings per share of $0.24 in the same quarter last year, which suggests a negative year-over-year growth rate of 41.7%. The company is expected to report its next quarterly earnings report on Tuesday, August 4th.
On average, analysts expect that Eldorado Resorts will report full-year earnings of ($7.59) per share for the current year, with EPS estimates ranging from ($11.61) to ($4.13). For the next year, analysts anticipate that the business will post earnings of ($0.82) per share, with EPS estimates ranging from ($3.25) to $2.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Monday, May 11th. The company reported ($2.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($2.37). Eldorado Resorts had a positive return on equity of 7.93% and a negative net margin of 5.62%. The firm had revenue of $473.07 million during the quarter, compared to analyst estimates of $542.45 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Eldorado Resorts’s quarterly revenue was down 25.6% compared to the same quarter last year.
Several research firms recently commented on ERI. TheStreet cut shares of Eldorado Resorts from a “c-” rating to a “d” rating in a research note on Thursday, June 11th. BidaskClub cut shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Saturday. Nomura Instinet upped their target price on shares of Eldorado Resorts from $12.50 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Deutsche Bank reiterated a “buy” rating and set a $57.00 target price on shares of Eldorado Resorts in a research note on Thursday, June 18th. Finally, Zacks Investment Research cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Eldorado Resorts presently has an average rating of “Buy” and a consensus price target of $42.40.
Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of Eldorado Resorts in the 1st quarter worth about $151,000. Cubist Systematic Strategies LLC grew its holdings in shares of Eldorado Resorts by 121.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 41,243 shares of the company’s stock worth $2,460,000 after purchasing an additional 22,643 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Eldorado Resorts by 16.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,904 shares of the company’s stock worth $411,000 after purchasing an additional 977 shares during the last quarter. Norges Bank bought a new stake in shares of Eldorado Resorts in the 4th quarter worth about $18,686,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Eldorado Resorts by 127.4% in the 1st quarter. Two Sigma Advisers LP now owns 604,056 shares of the company’s stock worth $8,698,000 after purchasing an additional 338,400 shares during the last quarter. 98.00% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:ERI traded up $0.47 during trading hours on Thursday, hitting $40.06. 4,061,550 shares of the company traded hands, compared to its average volume of 6,422,036. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -23.43 and a beta of 2.79. Eldorado Resorts has a twelve month low of $6.02 and a twelve month high of $70.74. The firm has a 50-day moving average of $35.56 and a 200 day moving average of $39.85. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 4.10.
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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