Equities research analysts expect Caesars Entertainment, Inc. (NASDAQ:CZR) to report $1.78 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Caesars Entertainment’s earnings. The lowest sales estimate is $1.71 billion and the highest is $1.89 billion. Caesars Entertainment posted sales of $592.12 million during the same quarter last year, which suggests a positive year over year growth rate of 200.6%. The firm is expected to report its next earnings results on Wednesday, February 24th.

On average, analysts expect that Caesars Entertainment will report full-year sales of $3.66 billion for the current fiscal year, with estimates ranging from $3.37 billion to $3.87 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.59 billion, with estimates ranging from $7.86 billion to $9.35 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Caesars Entertainment.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($6.09) EPS for the quarter, missing analysts’ consensus estimates of ($2.32) by ($3.77). Caesars Entertainment had a negative return on equity of 56.40% and a negative net margin of 47.29%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted ($0.53) earnings per share. The company’s revenue for the quarter was up 107.6% compared to the same quarter last year.

CZR has been the topic of several recent research reports. Macquarie increased their price target on Caesars Entertainment from $71.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, December 2nd. Cowen lifted their price target on shares of Caesars Entertainment from $52.00 to $82.00 in a research report on Monday, December 21st. Roth Capital upped their price objective on shares of Caesars Entertainment from $75.00 to $96.00 in a report on Wednesday, September 30th. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $67.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Caesars Entertainment currently has a consensus rating of “Buy” and a consensus price target of $62.78.

Shares of CZR opened at $76.52 on Thursday. Caesars Entertainment has a one year low of $6.02 and a one year high of $80.69. The company has a market cap of $15.94 billion, a PE ratio of -7.84 and a beta of 3.12. The stock has a 50-day moving average of $73.88 and a 200-day moving average of $51.50. The company has a debt-to-equity ratio of 8.19, a current ratio of 2.55 and a quick ratio of 2.53.

In related news, insider Edmund L. Quatmann, Jr. sold 50,000 shares of Caesars Entertainment stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $71.34, for a total value of $3,567,000.00. Following the completion of the sale, the insider now owns 76,269 shares of the company’s stock, valued at approximately $5,441,030.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Don R. Kornstein sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $77.25, for a total value of $115,875.00. Following the completion of the sale, the director now owns 26,223 shares in the company, valued at $2,025,726.75. The disclosure for this sale can be found here. Insiders sold a total of 60,504 shares of company stock worth $4,344,399 in the last ninety days. 0.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its holdings in Caesars Entertainment by 3.6% in the 3rd quarter. Eqis Capital Management Inc. now owns 7,529 shares of the company’s stock worth $422,000 after buying an additional 265 shares during the period. CNB Bank bought a new position in shares of Caesars Entertainment in the third quarter worth $28,000. Steward Partners Investment Advisory LLC grew its position in shares of Caesars Entertainment by 2,000.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Lindbrook Capital LLC bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $30,000. Finally, TCI Wealth Advisors Inc. purchased a new stake in Caesars Entertainment during the 3rd quarter worth about $31,000. 72.68% of the stock is currently owned by institutional investors.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers various amenities and one-of-a-kind destinations; and gaming services. The company was founded in 1937 and is based in Reno, Nevada.

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

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