Caesars Entertainment Co. (NASDAQ:CZR) – Investment analysts at Jefferies Financial Group issued their Q3 2019 earnings per share estimates for Caesars Entertainment in a research report issued to clients and investors on Monday, September 9th. Jefferies Financial Group analyst D. Katz forecasts that the company will earn $0.01 per share for the quarter. Jefferies Financial Group also issued estimates for Caesars Entertainment’s FY2019 earnings at ($0.76) EPS and FY2020 earnings at $0.11 EPS.
Several other research firms also recently weighed in on CZR. BidaskClub downgraded Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. SunTrust Banks cut Caesars Entertainment from a “buy” rating to a “hold” rating and set a $12.75 price target for the company. in a report on Tuesday, June 25th. Nomura downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Tuesday, June 25th. ValuEngine upgraded shares of Caesars Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Deutsche Bank reissued a “buy” rating and issued a $13.00 target price on shares of Caesars Entertainment in a research report on Wednesday, August 7th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $12.08.
Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Caesars Entertainment had a negative return on equity of 12.38% and a negative net margin of 2.59%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.19 billion.
In other Caesars Entertainment news, VP Les Ottolenghi sold 17,240 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.44, for a total transaction of $197,225.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 52,114 shares of company stock worth $597,753 in the last quarter. 0.51% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CZR. Magnetar Financial LLC purchased a new stake in Caesars Entertainment during the second quarter worth approximately $156,095,000. Canyon Capital Advisors LLC raised its position in Caesars Entertainment by 10.9% in the first quarter. Canyon Capital Advisors LLC now owns 77,581,861 shares of the company’s stock valued at $674,186,000 after purchasing an additional 7,610,629 shares during the period. Omni Partners LLP acquired a new position in shares of Caesars Entertainment during the second quarter worth about $86,908,000. Alpine Associates Management Inc. lifted its stake in shares of Caesars Entertainment by 2,876.5% during the second quarter. Alpine Associates Management Inc. now owns 7,227,000 shares of the company’s stock worth $85,423,000 after purchasing an additional 6,984,200 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Caesars Entertainment by 74.1% in the second quarter. Eagle Asset Management Inc. now owns 8,413,040 shares of the company’s stock worth $99,442,000 after buying an additional 3,580,046 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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