Equities analysts expect Caesars Entertainment Co. (NASDAQ:CZR) to post $2.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Caesars Entertainment’s earnings, with the highest sales estimate coming in at $2.21 billion and the lowest estimate coming in at $2.19 billion. Caesars Entertainment reported sales of $2.12 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is expected to issue its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Caesars Entertainment will report full year sales of $8.67 billion for the current financial year, with estimates ranging from $8.59 billion to $8.76 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.82 billion, with estimates ranging from $8.70 billion to $8.97 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Caesars Entertainment.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.13). Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on CZR. Deutsche Bank restated a “buy” rating and issued a $22.00 price objective on shares of Extended Stay America in a research note on Sunday, May 5th. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Nomura increased their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.88.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new stake in shares of Caesars Entertainment in the 1st quarter worth about $25,000. Meridian Wealth Management LLC bought a new stake in Caesars Entertainment during the 1st quarter worth about $28,000. Machina Capital S.A.S. bought a new stake in Caesars Entertainment during the 2nd quarter worth about $53,000. Dfpg Investments Inc. bought a new stake in Caesars Entertainment during the 1st quarter worth about $91,000. Finally, Falcon Point Capital LLC bought a new stake in Caesars Entertainment during the 1st quarter worth about $105,000.

Shares of CZR stock traded down $0.06 during mid-day trading on Tuesday, reaching $11.80. The company’s stock had a trading volume of 7,329,320 shares, compared to its average volume of 38,439,676. Caesars Entertainment has a 1-year low of $5.84 and a 1-year high of $12.23. The company has a market capitalization of $7.94 billion, a P/E ratio of -62.11 and a beta of 1.43. The company has a debt-to-equity ratio of 6.02, a quick ratio of 1.10 and a current ratio of 1.12. The firm’s 50-day moving average is $10.77.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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