Caesars Entertainment Co. (NASDAQ:CZR) – Investment analysts at Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for shares of Caesars Entertainment in a research report issued to clients and investors on Tuesday, November 5th. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings per share of ($0.74) for the year, up from their previous estimate of ($0.79). Jefferies Financial Group also issued estimates for Caesars Entertainment’s Q4 2019 earnings at ($0.06) EPS, Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.05 EPS, Q4 2020 earnings at $0.00 EPS and FY2020 earnings at $0.17 EPS.

A number of other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet lowered shares of Caesars Entertainment from a “c-” rating to a “d+” rating in a report on Tuesday, October 29th. Finally, Deutsche Bank set a $13.00 target price on shares of Caesars Entertainment and gave the company a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.84.

CZR traded down $0.05 during trading on Friday, reaching $12.70. 450,268 shares of the company’s stock were exchanged, compared to its average volume of 9,287,277. Caesars Entertainment has a 1 year low of $5.84 and a 1 year high of $12.77. The company has a debt-to-equity ratio of 6.69, a current ratio of 1.15 and a quick ratio of 1.13. The stock has a market capitalization of $8.35 billion, a P/E ratio of -66.79 and a beta of 1.50. The company’s fifty day simple moving average is $11.97 and its 200-day simple moving average is $11.02.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.49). Caesars Entertainment had a negative return on equity of 13.30% and a negative net margin of 7.98%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.

In other news, VP Les Ottolenghi sold 17,375 shares of Caesars Entertainment stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $11.49, for a total transaction of $199,638.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 52,114 shares of company stock valued at $597,753. Insiders own 0.51% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CZR. Myriad Asset Management Ltd. bought a new stake in shares of Caesars Entertainment during the 2nd quarter worth about $165,000. Capital Fund Management S.A. bought a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $1,391,000. Cetera Advisors LLC bought a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $186,000. Athanor Capital LP bought a new stake in Caesars Entertainment during the 2nd quarter valued at approximately $5,201,000. Finally, Aperio Group LLC boosted its stake in Caesars Entertainment by 1.2% during the 2nd quarter. Aperio Group LLC now owns 105,814 shares of the company’s stock valued at $1,251,000 after purchasing an additional 1,253 shares during the period.

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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Earnings History and Estimates for Caesars Entertainment (NASDAQ:CZR)

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