Caesars Entertainment (NASDAQ:CZR) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Caesars Entertainment (NASDAQ:CZR) released its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share for the quarter, beating 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%.

Caesars Entertainment Trading Down 0.5 %

CZR stock traded down $0.17 during mid-day trading on Tuesday, reaching $34.87. The company’s stock had a trading volume of 6,126,788 shares, compared to its average volume of 4,505,683. Caesars Entertainment has a 12 month low of $30.78 and a 12 month high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The business’s 50 day moving average price is $34.69 and its 200 day moving average price is $37.87. The company has a market cap of $7.41 billion, a price-to-earnings ratio of -20.88 and a beta of 2.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen lowered their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Macquarie restated an “outperform” rating and issued a $50.00 price target on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group reduced their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Stifel Nicolaus lowered their target price on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. One 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.21.

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.