Analysts expect that Eldorado Resorts (NASDAQ:ERI) will announce $446.03 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Eldorado Resorts’ earnings. The highest sales estimate is $460.70 million and the lowest is $437.00 million. Eldorado Resorts posted sales of $200.93 million in the same quarter last year, which suggests a positive year over year growth rate of 122%. The company is expected to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Eldorado Resorts will report full-year sales of $446.03 million for the current fiscal year, with estimates ranging from $1.80 billion to $1.87 billion. For the next fiscal year, analysts expect that the company will report sales of $1.84 billion per share, with estimates ranging from $1.72 billion to $1.92 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). Eldorado Resorts had a net margin of 5.17% and a negative return on equity of 0.19%. The firm had revenue of $428.22 million during the quarter, compared to analysts’ expectations of $431.27 million.
Several brokerages have recently weighed in on ERI. Telsey Advisory Group began coverage on shares of Eldorado Resorts in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $42.00 target price on the stock. Jefferies Group began coverage on shares of Eldorado Resorts in a research note on Thursday, January 18th. They issued a “buy” rating and a $40.00 target price on the stock. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 14th. SunTrust Banks reissued an “average” rating and issued a $36.00 target price on shares of Eldorado Resorts in a research note on Monday, February 5th. Finally, Roth Capital assumed coverage on shares of Eldorado Resorts in a research note on Tuesday, February 20th. They issued a “buy” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.38.
A number of institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Eldorado Resorts by 117.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,287 shares of the company’s stock valued at $109,000 after buying an additional 1,775 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Eldorado Resorts in the 4th quarter valued at about $206,000. Amalgamated Bank bought a new stake in shares of Eldorado Resorts in the 4th quarter valued at about $211,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Eldorado Resorts in the 4th quarter valued at about $223,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Eldorado Resorts in the 4th quarter valued at about $239,000. Institutional investors own 84.35% of the company’s stock.
Shares of ERI traded up $0.05 during midday trading on Tuesday, hitting $35.55. The stock had a trading volume of 341,270 shares, compared to its average volume of 730,036. Eldorado Resorts has a 1 year low of $17.30 and a 1 year high of $38.45. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07.
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Eldorado Resorts Company Profile
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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