Wall Street analysts predict that Caesars Entertainment Co. (NASDAQ:CZR) will report $2.11 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Caesars Entertainment’s earnings, with the highest sales estimate coming in at $2.15 billion and the lowest estimate coming in at $2.06 billion. Caesars Entertainment posted sales of $2.12 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The business is expected to announce its next quarterly earnings results on Thursday, February 20th.
On average, analysts expect that Caesars Entertainment will report full-year sales of $8.70 billion for the current fiscal year, with estimates ranging from $8.63 billion to $8.73 billion. For the next fiscal year, analysts expect that the firm will report sales of $8.84 billion, with estimates ranging from $8.64 billion to $8.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Caesars Entertainment.
Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.49). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.21 billion. Caesars Entertainment had a negative net margin of 7.98% and a negative return on equity of 14.01%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share.
In related news, EVP Richard D. Broome sold 118,668 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $13.02, for a total transaction of $1,545,057.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Benninger sold 9,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.10, for a total transaction of $117,900.00. Following the sale, the director now directly owns 28,960 shares in the company, valued at $379,376. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,273 shares of company stock worth $1,736,271. 0.51% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in CZR. HM Capital Management LLC increased its holdings in shares of Caesars Entertainment by 0.6% during the 3rd quarter. HM Capital Management LLC now owns 172,884 shares of the company’s stock worth $2,016,000 after acquiring an additional 1,054 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Caesars Entertainment by 2.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 47,833 shares of the company’s stock worth $565,000 after buying an additional 1,159 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Caesars Entertainment by 1.2% during the 2nd quarter. Aperio Group LLC now owns 105,814 shares of the company’s stock worth $1,251,000 after buying an additional 1,253 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Caesars Entertainment by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 107,790 shares of the company’s stock worth $1,274,000 after buying an additional 1,570 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Caesars Entertainment during the 2nd quarter worth about $26,000.
CZR stock traded down $0.05 during trading hours on Friday, reaching $12.88. 23,618,390 shares of the stock were exchanged, compared to its average volume of 19,389,740. The firm’s 50-day moving average is $12.61 and its 200-day moving average is $11.51. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $13.13. The company has a market cap of $8.80 billion, a price-to-earnings ratio of -67.79 and a beta of 1.41. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.27 and a quick ratio of 1.26.
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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