Caesars Entertainment (NASDAQ:CZR) Announces Quarterly Earnings Results

Caesars Entertainment (NASDAQ:CZR) issued its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20, Zacks reports. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion.

Caesars Entertainment Trading Down 0.9 %

Shares of NASDAQ:CZR opened at $34.56 on Thursday. Caesars Entertainment has a 12-month low of $30.78 and a 12-month high of $45.93. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $7.34 billion, a P/E ratio of -20.69 and a beta of 2.90. The firm has a fifty day moving average of $34.68 and a two-hundred day moving average of $37.84.

Wall Street Analyst Weigh In

CZR has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Macquarie lowered their price objective on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus cut their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JMP Securities dropped their price objective on shares of Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.64.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.