Equities research analysts expect Eldorado Resorts Inc (NASDAQ:ERI) to report earnings of $0.43 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Eldorado Resorts’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.24. Eldorado Resorts posted earnings per share of $0.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, May 2nd.
According to Zacks, analysts expect that Eldorado Resorts will report full year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $1.80 to $3.32. For the next year, analysts anticipate that the firm will report earnings of $2.85 per share, with EPS estimates ranging from $2.13 to $3.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Wednesday, February 27th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.35). Eldorado Resorts had a net margin of 4.63% and a return on equity of 10.75%. The business had revenue of $671.76 million during the quarter, compared to analysts’ expectations of $678.34 million. During the same quarter in the prior year, the firm earned $1.14 EPS. Eldorado Resorts’s revenue for the quarter was up 56.3% compared to the same quarter last year.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Eldorado Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 23rd. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. ValuEngine upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Jefferies Financial Group set a $58.00 target price on Eldorado Resorts and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Nomura lifted their target price on Eldorado Resorts from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.88.
Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC raised its holdings in shares of Eldorado Resorts by 179.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 84,103 shares of the company’s stock valued at $4,087,000 after buying an additional 54,007 shares during the period. Texas Permanent School Fund grew its stake in Eldorado Resorts by 5.6% during the 4th quarter. Texas Permanent School Fund now owns 42,541 shares of the company’s stock worth $1,540,000 after purchasing an additional 2,265 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Eldorado Resorts by 42.7% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,667,359 shares of the company’s stock worth $132,795,000 after purchasing an additional 1,097,571 shares in the last quarter. Emerald Advisers LLC acquired a new position in Eldorado Resorts during the 4th quarter worth $12,231,000. Finally, Peregrine Capital Management LLC grew its stake in Eldorado Resorts by 5.6% during the 4th quarter. Peregrine Capital Management LLC now owns 895,542 shares of the company’s stock worth $32,428,000 after purchasing an additional 47,161 shares in the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.
NASDAQ:ERI traded up $0.03 on Thursday, reaching $50.06. The company’s stock had a trading volume of 874,561 shares, compared to its average volume of 732,066. Eldorado Resorts has a 12-month low of $31.86 and a 12-month high of $51.05. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $3.88 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.09 and a beta of 1.76.
About Eldorado Resorts
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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