Shares of Eldorado Resorts Inc (NASDAQ:ERI) have earned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $55.60.
Several research analysts recently weighed in on ERI shares. BidaskClub lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Nomura lifted their price target on shares of Eldorado Resorts from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, February 28th. Deutsche Bank reiterated a “buy” rating and issued a $56.00 price objective on shares of Eldorado Resorts in a report on Thursday, February 28th. Jefferies Financial Group set a $58.00 price objective on shares of Eldorado Resorts and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Roth Capital reiterated a “buy” rating on shares of Eldorado Resorts in a report on Thursday, February 28th.
Shares of NASDAQ ERI traded up $0.65 during mid-day trading on Wednesday, hitting $52.35. The company’s stock had a trading volume of 10,935 shares, compared to its average volume of 644,890. The firm has a market capitalization of $4.01 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.12 and a beta of 1.65. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a one year low of $31.86 and a one year high of $53.21.
Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Thursday, May 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $627.75 million for the quarter, compared to analyst estimates of $660.92 million. Eldorado Resorts had a net margin of 5.00% and a return on equity of 11.41%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. As a group, equities research analysts anticipate that Eldorado Resorts will post 2.32 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Eldorado Resorts by 137.8% in the third quarter. JPMorgan Chase & Co. now owns 49,633 shares of the company’s stock valued at $2,412,000 after purchasing an additional 28,762 shares in the last quarter. Bank of Montreal Can lifted its stake in Eldorado Resorts by 23.9% in the fourth quarter. Bank of Montreal Can now owns 4,269 shares of the company’s stock valued at $154,000 after acquiring an additional 824 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Eldorado Resorts in the fourth quarter valued at $1,036,000. Arizona State Retirement System lifted its stake in Eldorado Resorts by 1.2% in the fourth quarter. Arizona State Retirement System now owns 46,659 shares of the company’s stock valued at $1,690,000 after acquiring an additional 531 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Eldorado Resorts by 7.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,541 shares of the company’s stock valued at $201,000 after acquiring an additional 365 shares during the last quarter. Institutional investors own 85.71% of the company’s stock.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
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