Analysts Anticipate Caesars Entertainment Co. (NASDAQ:CZR) to Post -$0.02 EPS

Brokerages expect that Caesars Entertainment Co. (NASDAQ:CZR) will post earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Caesars Entertainment’s earnings, with estimates ranging from ($0.06) to $0.08. Caesars Entertainment reported earnings per share of $0.04 during the same quarter last year, which suggests a negative year over year growth rate of 150%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Caesars Entertainment will report full year earnings of ($0.46) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.43). For the next year, analysts anticipate that the business will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.21) to $0.29. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Caesars Entertainment.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business earned ($0.05) EPS. Caesars Entertainment’s revenue for the quarter was up 7.3% compared to the same quarter last year.

CZR has been the subject of several research reports. Morgan Stanley set a €125.00 ($145.35) price objective on shares of Siemens and gave the company a “buy” rating in a research report on Tuesday, June 25th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Nomura increased their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. UBS Group lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.88.

CZR stock traded down $0.06 during trading on Friday, hitting $11.80. 7,329,320 shares of the company’s stock traded hands, compared to its average volume of 38,439,676. Caesars Entertainment has a 52 week low of $5.84 and a 52 week high of $12.23. The company has a debt-to-equity ratio of 6.02, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $10.77. The firm has a market capitalization of $7.94 billion, a PE ratio of -62.11 and a beta of 1.43.

Several institutional investors have recently added to or reduced their stakes in CZR. Marshall Wace LLP increased its stake in Caesars Entertainment by 1.0% in the 1st quarter. Marshall Wace LLP now owns 204,711 shares of the company’s stock worth $1,779,000 after buying an additional 2,073 shares during the period. Retirement Systems of Alabama increased its stake in Caesars Entertainment by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 761,255 shares of the company’s stock worth $8,998,000 after buying an additional 2,310 shares during the period. Quadrant Capital Group LLC purchased a new position in Caesars Entertainment in the 1st quarter worth about $25,000. Meridian Wealth Management LLC purchased a new position in Caesars Entertainment in the 1st quarter worth about $28,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Caesars Entertainment by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 236,061 shares of the company’s stock worth $2,790,000 after buying an additional 3,338 shares during the period.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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