ERI has been the subject of a number of other reports. Wolfe Research raised Eldorado Resorts from a peer perform rating to an outperform rating and set a $46.12 target price for the company in a research report on Tuesday, June 25th. Deutsche Bank lifted their price target on Eldorado Resorts from $56.00 to $74.00 and gave the company a buy rating in a report on Monday, July 1st. Zacks Investment Research downgraded Eldorado Resorts from a hold rating to a strong sell rating in a report on Tuesday, July 23rd. Stifel Nicolaus set a $58.00 price target on Eldorado Resorts and gave the company a buy rating in a report on Wednesday, August 7th. Finally, BidaskClub downgraded Eldorado Resorts from a hold rating to a sell rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Eldorado Resorts presently has a consensus rating of Hold and an average price target of $54.79.
Shares of NASDAQ ERI opened at $40.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 3.78. The firm’s fifty day moving average price is $45.00. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.14 and a beta of 1.46. Eldorado Resorts has a twelve month low of $31.86 and a twelve month high of $54.99.
Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.25). The firm had revenue of $637.10 million for the quarter, compared to the consensus estimate of $658.74 million. Eldorado Resorts had a net margin of 3.90% and a return on equity of 9.57%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Eldorado Resorts will post 1.76 earnings per share for the current year.
In other Eldorado Resorts news, Director James B. Hawkins bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $40.35 per share, for a total transaction of $242,100.00. Following the purchase, the director now directly owns 119,137 shares in the company, valued at $4,807,177.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in Eldorado Resorts by 118.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,310 shares of the company’s stock worth $521,000 after buying an additional 6,124 shares during the last quarter. BlackRock Inc. grew its stake in Eldorado Resorts by 24.3% during the 2nd quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock worth $421,721,000 after buying an additional 1,789,647 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in Eldorado Resorts by 540.4% during the 2nd quarter. United Capital Financial Advisers LLC now owns 51,540 shares of the company’s stock worth $2,374,000 after buying an additional 43,492 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in Eldorado Resorts by 39.5% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,470,451 shares of the company’s stock worth $67,744,000 after buying an additional 416,087 shares during the last quarter. Finally, Natixis purchased a new position in Eldorado Resorts during the 2nd quarter worth $2,387,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.
About Eldorado Resorts
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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