Caesars Entertainment (CZR) Scheduled to Post Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Caesars Entertainment to post earnings of $0.02 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect Caesars Entertainment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caesars Entertainment Trading Up 0.6 %

NASDAQ:CZR opened at $38.42 on Tuesday. The company has a 50-day moving average price of $41.63 and a 200-day moving average price of $43.55. Caesars Entertainment has a 12 month low of $37.71 and a 12 month high of $60.27. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 10.58 and a beta of 2.81.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CZR. Morgan Stanley lifted their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Wells Fargo & Company lowered their price target on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. StockNews.com cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Susquehanna lowered their price target on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average target price of $57.73.

Insider Transactions at Caesars Entertainment

In related news, Director Michael E. Pegram bought 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

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.