Caesars Entertainment (NASDAQ:CZR - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Caesars Entertainment's revenue was down 1.7% on a year-over-year basis. On average, analysts expect Caesars Entertainment to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ CZR opened at $43.80 on Tuesday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The stock's fifty day moving average price is $39.94 and its 200 day moving average price is $38.06. Caesars Entertainment has a 1 year low of $31.74 and a 1 year high of $50.51. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 12.41 and a beta of 2.97.
Several equities research analysts have commented on the stock. StockNews.com lowered shares of Caesars Entertainment from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Morgan Stanley lowered their target price on shares of Caesars Entertainment from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 4th. JMP Securities reissued a "market outperform" rating and set a $59.00 target price on shares of Caesars Entertainment in a research note on Monday, October 14th. Stifel Nicolaus increased their target price on shares of Caesars Entertainment from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group lowered their target price on shares of Caesars Entertainment from $62.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.38.
Read Our Latest Research Report on CZR
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.
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