Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) Director David Tomick sold 7,000 shares of Caesars Entertainment stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.66, for a total transaction of $207,620.00. Following the completion of the transaction, the director directly owned 24,911 shares in the company, valued at $738,860.26. The trade was a 21.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Caesars Entertainment Stock Down 0.1%
Shares of NASDAQ:CZR opened at $29.64 on Friday. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.85 and a quick ratio of 0.83. The stock has a market cap of $6.04 billion, a P/E ratio of -13.00 and a beta of 1.75. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $30.88. The firm has a fifty day moving average price of $29.77 and a 200 day moving average price of $28.61.
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company posted ($0.39) earnings per share. Caesars Entertainment’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.
Institutional Investors Weigh In On Caesars Entertainment
Trending Headlines about Caesars Entertainment
Here are the key news stories impacting Caesars Entertainment this week:
- Positive Sentiment: The Fertitta Entertainment buyout provides a potential valuation floor and remains a source of takeover-related support for Caesars Entertainment (CZR). FTC Requests Additional Information Regarding Fertitta, Caesars Merger
- Neutral Sentiment: The Federal Trade Commission issued a “second request” for additional information about the Fertitta transaction. This extends the regulatory review and could delay closing, but it does not mean the deal has been rejected. Caesars Entertainment Says FTC Issued Second Request Related to Acquisition by Fertitta Entertainment
- Neutral Sentiment: Caesars’ second-quarter results showed revenue of approximately $2.99 billion, slightly above expectations and up 3% year over year, but the company recorded a larger-than-expected loss per share. The mixed operating performance limits fundamental upside while the acquisition remains unresolved. Q2 Earnings Highs And Lows: Caesars Entertainment
- Negative Sentiment: Shareholder-investigation notices from Brodsky & Smith add headline and litigation risk, although the announcement contains no specific finding of wrongdoing. Brodsky & Smith Shareholder Update
- Negative Sentiment: Director David Tomick sold a combined 14,142 shares for roughly $420,000, reducing his holdings materially. Insider selling is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment near the stock’s recent highs. David Tomick Sells Shares of Caesars Entertainment Stock
Wall Street Analysts Forecast Growth
CZR has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Caesars Entertainment in a research note on Thursday, August 13th. Raymond James Financial downgraded Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Capital One Financial lowered shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. TD Cowen downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Wednesday, July 29th. Finally, Barclays restated an “equal weight” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.71.
View Our Latest Stock Report on CZR
Caesars Entertainment Company Profile
Caesars Entertainment, Inc is a casino-entertainment company that owns, operates and manages commercial casinos, resorts and gaming facilities primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, entertainment, nightlife, conventions and other leisure services, with a significant presence in Las Vegas and regional markets across the country.
The company operates a portfolio of well-known brands, including Caesars, Harrah’s, Horseshoe, Paris, Planet Hollywood, Flamingo, The LINQ and Caesars Sportsbook.
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