Caesars Entertainment (CZR) to Release Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. On average, analysts expect Caesars Entertainment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caesars Entertainment Stock Performance

Shares of CZR opened at $36.61 on Monday. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The stock has a 50-day moving average of $41.26 and a 200-day moving average of $43.34. The company has a market cap of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81. Caesars Entertainment has a one year low of $36.34 and a one year high of $60.27.

Insider Buying and Selling

In related news, Director Michael E. Pegram purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

CZR has been the subject of several research reports. Truist Financial reduced their target price on Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Morgan Stanley lifted their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Susquehanna cut their price target on Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus cut their price target on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Finally, JMP Securities cut their price target on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research note on Friday, April 19th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

About Caesars Entertainment

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.