Eldorado Resorts Inc (ERI) Rating Increased to C at TheStreet
Eldorado Resorts Inc (NASDAQ:ERI) was upgraded by TheStreet from a “d+” rating to a “c” rating in a report released on Wednesday.
A number of other analysts have also recently commented on ERI. Imperial Capital increased their price target on shares of Eldorado Resorts from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded shares of Eldorado Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th.
Eldorado Resorts (NASDAQ:ERI) remained flat at $19.95 on Wednesday. The company’s stock had a trading volume of 377,425 shares. Eldorado Resorts has a 12 month low of $10.65 and a 12 month high of $21.15. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 42.54 and a beta of 1.07. The firm’s 50 day moving average is $19.39 and its 200-day moving average is $16.70.
Eldorado Resorts (NASDAQ:ERI) last announced 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 firm had revenue of $200.90 million during the quarter, compared to analyst estimates of $209.75 million. Eldorado Resorts had a net margin of 15.05% and a return on equity of 47.48%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. On average, equities analysts expect that Eldorado Resorts will post $0.66 earnings per share for the current year.
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In related news, Director Roger P. Wagner bought 1,744 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $18.70 per share, for a total transaction of $32,612.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.
Several hedge funds have recently bought and sold shares of ERI. Oppenheimer Asset Management Inc. bought a new stake in Eldorado Resorts during the first quarter worth about $140,000. PNC Financial Services Group Inc. boosted 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 worth $300,000 after buying an additional 2,940 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Eldorado Resorts during the first quarter worth about $312,000. American International Group Inc. boosted 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 worth $334,000 after buying an additional 1,170 shares in the last quarter. Finally, UBS Group AG boosted 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 worth $377,000 after buying an additional 14,176 shares in the last quarter. Institutional investors own 54.74% of the company’s stock.
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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