Wall Street analysts forecast that Eldorado Resorts Inc (NASDAQ:ERI) will report sales of $677.56 million for the current quarter, Zacks reports. Four analysts have made estimates for Eldorado Resorts’ earnings, with estimates ranging from $669.42 million to $686.00 million. Eldorado Resorts posted sales of $428.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 58.2%. The company is scheduled to issue its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Eldorado Resorts will report full-year sales of $2.06 billion for the current year, with estimates ranging from $2.05 billion to $2.07 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.76 billion, with estimates ranging from $2.71 billion to $2.82 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a net margin of 10.21% and a return on equity of 12.38%. The firm had revenue of $487.25 million during the quarter, compared to analyst estimates of $494.60 million. During the same quarter last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis.
In related news, COO Anthony L. Carano acquired 1,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $45,600.00. Following the completion of the transaction, the chief operating officer now directly owns 26,979 shares of the company’s stock, valued at approximately $1,230,242.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David P. Tomick acquired 700 shares of the business’s stock in a transaction on Friday, November 30th. The shares were bought at an average price of $43.83 per share, with a total value of $30,681.00. The disclosure for this purchase can be found here. Insiders have acquired 14,700 shares of company stock valued at $516,481 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Eldorado Resorts by 352.3% in the first quarter. Royal Bank of Canada now owns 14,587 shares of the company’s stock valued at $481,000 after buying an additional 11,362 shares in the last quarter. Bank of Montreal Can raised its position in shares of Eldorado Resorts by 282.7% in the second quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock valued at $130,000 after buying an additional 2,468 shares in the last quarter. Amalgamated Bank raised its position in shares of Eldorado Resorts by 60.9% in the second quarter. Amalgamated Bank now owns 10,064 shares of the company’s stock valued at $394,000 after buying an additional 3,811 shares in the last quarter. First Trust Advisors LP raised its position in shares of Eldorado Resorts by 7.7% in the second quarter. First Trust Advisors LP now owns 82,610 shares of the company’s stock valued at $3,230,000 after buying an additional 5,884 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Eldorado Resorts by 19.3% in the second quarter. Victory Capital Management Inc. now owns 810,530 shares of the company’s stock valued at $31,691,000 after buying an additional 131,250 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
NASDAQ:ERI traded down $0.68 during mid-day trading on Monday, hitting $40.27. The stock had a trading volume of 956,808 shares, compared to its average volume of 1,018,191. Eldorado Resorts has a twelve month low of $29.16 and a twelve month high of $50.64. The company has a market capitalization of $3.17 billion, a P/E ratio of 4,027.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.57 and a current ratio of 1.63.
About Eldorado Resorts
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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