Caesars Entertainment (CZR) Set to Announce Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) will post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Caesars Entertainment to post earnings of $0.19 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.52). The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. On average, analysts expect Caesars Entertainment to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caesars Entertainment Stock Up 5.4 %

CZR stock opened at $35.06 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.65. The firm has a 50-day moving average of $36.61 and a two-hundred day moving average of $39.66. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $60.27. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 9.93 and a beta of 2.98.

Analysts Set New Price Targets

Several brokerages have issued reports on CZR. Barclays dropped their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Jefferies Financial Group decreased their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. B. Riley assumed coverage on shares of Caesars Entertainment in a research report on Thursday, May 9th. They set a “buy” rating and a $70.00 price target on the stock. Stifel Nicolaus cut their target price on Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, TD Cowen decreased their price target on Caesars Entertainment from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $54.33.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the purchase, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Michael E. Pegram acquired 40,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the transaction, the director now owns 181,697 shares in the company, valued at approximately $6,611,953.83. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael E. Pegram bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $31.96 per share, with a total value of $319,600.00. Following the purchase, the director now owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by corporate insiders.

Caesars Entertainment Company Profile

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.