A number of other research firms also recently commented on ERI. Stifel Nicolaus upped their price objective on Eldorado Resorts from $57.00 to $58.00 and gave the stock a buy rating in a report on Thursday. ValuEngine downgraded Eldorado Resorts from a buy rating to a hold rating in a report on Tuesday, October 22nd. Deutsche Bank reiterated a buy rating and issued a $66.00 price target on shares of Eldorado Resorts in a report on Wednesday, October 16th. Susquehanna Bancshares began coverage on Eldorado Resorts in a report on Wednesday, July 24th. They issued a neutral rating and a $50.00 price target for the company. Finally, TheStreet downgraded Eldorado Resorts from a b rating to a c+ rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $53.90.
ERI stock traded down $0.35 on Friday, reaching $50.08. The company had a trading volume of 1,720,400 shares, compared to its average volume of 1,291,581. The company has a market cap of $3.59 billion, a P/E ratio of 36.29, a PEG ratio of 1.36 and a beta of 1.54. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.78 and a current ratio of 1.83. The company’s fifty day moving average is $42.68 and its 200 day moving average is $44.99. Eldorado Resorts has a 1 year low of $31.86 and a 1 year high of $54.99.
Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). The firm had revenue of $663.20 million for the quarter, compared to analyst estimates of $674.72 million. Eldorado Resorts had a return on equity of 9.47% and a net margin of 3.90%. The company’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. On average, sell-side analysts predict that Eldorado Resorts will post 1.7 earnings per share for the current year.
In related news, Director James B. Hawkins purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $35.70 per share, for a total transaction of $71,400.00. Following the acquisition, the director now owns 125,137 shares in the company, valued at $4,467,390.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in ERI. Nisa Investment Advisors LLC grew its stake in shares of Eldorado Resorts by 59.3% during the third quarter. Nisa Investment Advisors LLC now owns 860 shares of the company’s stock valued at $34,000 after acquiring an additional 320 shares in the last quarter. Dorsey Wright & Associates grew its stake in shares of Eldorado Resorts by 33.3% during the second quarter. Dorsey Wright & Associates now owns 920 shares of the company’s stock valued at $42,000 after acquiring an additional 230 shares in the last quarter. NEXT Financial Group Inc grew its stake in shares of Eldorado Resorts by 1,824.3% during the second quarter. NEXT Financial Group Inc now owns 1,424 shares of the company’s stock valued at $65,000 after acquiring an additional 1,350 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Eldorado Resorts during the first quarter worth about $69,000. Finally, Cerebellum GP LLC bought a new position in shares of Eldorado Resorts during the third quarter worth about $73,000. Institutional investors own 99.40% 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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