Caesars Entertainment (CZR) Set to Announce Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Caesars Entertainment to post earnings of $0.02 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. Caesars Entertainment’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. 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 Price Performance

Shares of NASDAQ:CZR opened at $36.61 on Friday. The company has a market cap of $7.92 billion, a P/E ratio of 10.09 and a beta of 2.81. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. Caesars Entertainment has a 52 week low of $36.34 and a 52 week high of $60.27. The business has a fifty day simple moving average of $41.26 and a 200-day simple moving average of $43.38.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

CZR has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 12th. JMP Securities decreased their target price on Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating for the company in a research report on Friday, April 19th. Truist Financial decreased their target price on Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Caesars Entertainment Company Profile

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.