Jefferies Financial Group Research Analysts Cut Earnings Estimates for Eldorado Resorts Inc (NASDAQ:ERI)

Eldorado Resorts Inc (NASDAQ:ERI) – Investment analysts at Jefferies Financial Group decreased their Q3 2019 earnings per share estimates for Eldorado Resorts in a research report issued on Tuesday, July 9th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.78. Jefferies Financial Group also issued estimates for Eldorado Resorts’ Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $2.60 EPS.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Eldorado Resorts had a net margin of 5.00% and a return on equity of 11.41%. The company had revenue of $627.75 million during the quarter, compared to the consensus estimate of $660.92 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis.



Other analysts also recently issued research reports about the stock. Wolfe Research upgraded shares of Eldorado Resorts from a “peer perform” rating to an “outperform” rating and set a $46.12 price objective for the company in a research report on Tuesday, June 25th. Deutsche Bank upgraded shares of MGM CHINA HOLDI/ADR to a “buy” rating in a research report on Monday, July 1st. Zacks Investment Research downgraded shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Stifel Nicolaus reduced their price objective on shares of MacroGenics from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Finally, ValuEngine downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.89.

Shares of NASDAQ:ERI opened at $45.54 on Wednesday. The stock has a market cap of $3.73 billion, a P/E ratio of 33.00, a PEG ratio of 1.09 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a twelve month low of $31.86 and a twelve month high of $54.99. The business’s 50 day moving average is $49.28.

Large investors have recently modified their holdings of the company. Meridian Wealth Management LLC purchased a new stake in Eldorado Resorts in the 1st quarter valued at $28,000. Dorsey Wright & Associates raised its position in Eldorado Resorts by 33.3% in the 2nd quarter. Dorsey Wright & Associates now owns 920 shares of the company’s stock valued at $42,000 after purchasing an additional 230 shares during the last quarter. Mascoma Wealth Management LLC purchased a new stake in Eldorado Resorts in the 1st quarter valued at $47,000. Marshall Wace LLP purchased a new stake in Eldorado Resorts in the 1st quarter valued at $69,000. Finally, Centaurus Financial Inc. raised its position in Eldorado Resorts by 17.2% in the 1st quarter. Centaurus Financial Inc. now owns 3,884 shares of the company’s stock valued at $83,000 after purchasing an additional 569 shares during the last quarter. Institutional investors and hedge funds own 85.71% of the company’s stock.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

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Earnings History and Estimates for Eldorado Resorts (NASDAQ:ERI)

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