Wall Street analysts forecast that Caesars Entertainment Co. (NASDAQ:CZR) will post ($0.09) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Caesars Entertainment’s earnings. The lowest EPS estimate is ($0.13) and the highest is ($0.05). Caesars Entertainment reported earnings of ($0.18) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Thursday, February 20th.
On average, analysts expect that Caesars Entertainment will report full-year earnings of ($1.40) per share for the current fiscal year, with EPS estimates ranging from ($1.42) to ($1.38). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.00 per share, with EPS estimates ranging from ($0.15) to $0.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Caesars Entertainment.
Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, November 5th. The company reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.49). Caesars Entertainment had a negative return on equity of 14.01% and a negative net margin of 7.98%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis.
Shares of CZR traded down $0.05 during mid-day trading on Thursday, hitting $12.88. 23,618,390 shares of the company traded hands, compared to its average volume of 19,389,740. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 7.52. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of -67.79 and a beta of 1.41. The business has a 50-day moving average of $12.61 and a 200 day moving average of $11.51. Caesars Entertainment has a one year low of $5.84 and a one year high of $13.13.
In related news, EVP Richard D. Broome sold 118,668 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.02, for a total transaction of $1,545,057.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas M. Benninger sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $13.10, for a total transaction of $117,900.00. Following the completion of the transaction, the director now owns 28,960 shares in the company, valued at $379,376. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,273 shares of company stock worth $1,736,271. Corporate insiders own 0.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in Caesars Entertainment during the second quarter worth about $26,000. Glassman Wealth Services acquired a new stake in shares of Caesars Entertainment in the 2nd quarter valued at approximately $54,000. Cerebellum GP LLC bought a new position in Caesars Entertainment during the 3rd quarter worth approximately $127,000. Creative Planning bought a new position in Caesars Entertainment during the 2nd quarter worth approximately $146,000. Finally, Claraphi Advisory Network LLC acquired a new position in Caesars Entertainment during the second quarter valued at approximately $147,000.
Caesars Entertainment Company Profile
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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