Caesars Entertainment (CZR) Scheduled to Post Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is set to announce its Q3 2019 earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.19 billion. Caesars Entertainment had a negative return on equity of 12.38% and a negative net margin of 2.59%. On average, analysts expect Caesars Entertainment to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CZR opened at $12.35 on Friday. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of -65.00 and a beta of 1.50. Caesars Entertainment has a fifty-two week low of $5.84 and a fifty-two week high of $12.40. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 6.69. The company’s 50-day moving average price is $11.90 and its 200 day moving average price is $10.93.

A number of analysts recently weighed in on CZR shares. ValuEngine cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BidaskClub lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank set a $13.00 price objective on shares of Caesars Entertainment and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, TheStreet lowered shares of Caesars Entertainment from a “c-” rating to a “d+” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Caesars Entertainment currently has an average rating of “Hold” and an average price target of $11.84.

In related news, VP Les Ottolenghi sold 17,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.44, for a total value of $197,225.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 52,114 shares of company stock valued at $597,753 in the last ninety days. Company insiders own 0.51% of the company’s stock.

About Caesars Entertainment

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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Earnings History for Caesars Entertainment (NASDAQ:CZR)

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