Caesars Entertainment Corp Reaches New 1-Year Low at $15.38 (CZR)
Shares of Caesars Entertainment Corp (NYSE:CZR) hit a new 52-week low during mid-day trading on Friday , StockRatingsNetwork.com reports. The company traded as low as $15.38 and last traded at $15.39, with a volume of 794,613 shares. The stock had previously closed at $16.00.
The stock’s 50-day moving average is $17.41 and its 200-day moving average is $20.05. The company’s market cap is $2.208 billion.
Caesars Entertainment Corp (NYSE:CZR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($2.82) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.36) by $1.46. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted ($1.74) earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Caesars Entertainment Corp will post $-5.35 earnings per share for the current fiscal year.
Caesars Entertainment Corporation is a diversified casino-entertainment provider. The Company’s business is primarily conducted through a wholly owned subsidiary, Caesars Entertainment Operating Company, Inc (NYSE:CZR), although certain material properties are not owned by CEOC.
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