Eldorado Resorts Inc (NASDAQ:ERI) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Wednesday.
A number of other brokerages have also recently commented on ERI. Imperial Capital upped their price target on Eldorado Resorts from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Investment Research upgraded Eldorado Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th.
Shares of Eldorado Resorts (NASDAQ:ERI) traded up 0.125% on Wednesday, reaching $19.975. The company’s stock had a trading volume of 368,082 shares. The company’s 50-day moving average is $19.39 and its 200 day moving average is $16.70. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 42.591 and a beta of 1.07. Eldorado Resorts has a 12-month low of $10.65 and a 12-month high of $21.15.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.16. The company had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $209.75 million. Eldorado Resorts had a return on equity of 47.48% and a net margin of 15.05%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. Equities analysts anticipate that Eldorado Resorts will post $0.66 earnings per share for the current fiscal year.
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In related news, Director Roger P. Wagner acquired 1,744 shares of the stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $18.70 per share, with a total value of $32,612.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new stake in Eldorado Resorts during the first quarter valued at about $140,000. PNC Financial Services Group Inc. raised its stake in Eldorado Resorts by 22.7% in the first quarter. PNC Financial Services Group Inc. now owns 15,880 shares of the company’s stock valued at $300,000 after buying an additional 2,940 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Eldorado Resorts during the first quarter valued at about $312,000. American International Group Inc. raised its stake in Eldorado Resorts by 7.1% in the first quarter. American International Group Inc. now owns 17,642 shares of the company’s stock valued at $334,000 after buying an additional 1,170 shares during the last quarter. Finally, UBS Group AG raised its stake in Eldorado Resorts by 246.3% in the first quarter. UBS Group AG now owns 19,932 shares of the company’s stock valued at $377,000 after buying an additional 14,176 shares during the last quarter. 54.74% of the stock is owned by institutional investors and hedge funds.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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