Eldorado Resorts, Inc. (ERI) Posts Earnings Results, Beats Estimates By $0.02 EPS
Eldorado Resorts, Inc. (NASDAQ:ERI) posted its quarterly earnings data on Thursday. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02, Briefing.com reports. Eldorado Resorts had a negative net margin of 3.38% and a negative return on equity of 8.03%. The business had revenue of $444.87 million for the quarter, compared to analyst estimates of $448.30 million. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.
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A number of research analysts recently commented on ERI shares. Zacks Investment Research lowered shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a research note on Tuesday, October 24th. Deutsche Bank AG started coverage on shares of Eldorado Resorts in a research note on Monday, September 25th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, J P Morgan Chase & Co initiated coverage on shares of Eldorado Resorts in a research note on Thursday, July 20th. They set an “overweight” rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $26.00.
About Eldorado Resorts
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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