Brokerages forecast that Eldorado Resorts Inc (NASDAQ:ERI) will post sales of $408.88 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Eldorado Resorts’ earnings, with estimates ranging from $403.59 million to $412.76 million. Eldorado Resorts posted sales of $227.38 million during the same quarter last year, which suggests a positive year over year growth rate of 79.8%. The business is scheduled to issue its next earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Eldorado Resorts will report full year sales of $408.88 million for the current year, with estimates ranging from $1.41 billion to $1.70 billion. For the next year, analysts expect that the company will post sales of $1.74 billion per share, with estimates ranging from $1.72 billion to $1.75 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Eldorado Resorts.

Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Thursday, November 2nd. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $444.87 million during the quarter, compared to analysts’ expectations of $448.30 million. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. Eldorado Resorts’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share.

ERI has been the subject of several recent analyst reports. Zacks Investment Research raised Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, November 7th. BidaskClub cut Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co raised their target price on Eldorado Resorts from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and set a $22.00 price objective on shares of Eldorado Resorts in a research report on Tuesday, October 24th. Finally, Deutsche Bank began coverage on Eldorado Resorts in a research report on Monday, September 25th. They set a “buy” rating and a $32.00 price objective for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Eldorado Resorts currently has a consensus rating of “Buy” and an average price target of $30.00.

In related news, Director David P. Tomick bought 1,700 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the completion of the acquisition, the director now directly owns 10,400 shares in the company, valued at $298,480. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bonnie Biumi sold 13,079 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $29.50, for a total value of $385,830.50. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ERI. Teachers Advisors LLC raised its holdings in Eldorado Resorts by 3.2% during the first quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock valued at $961,000 after buying an additional 1,558 shares in the last quarter. Vanguard Group Inc. raised its holdings in Eldorado Resorts by 12.7% during the first quarter. Vanguard Group Inc. now owns 1,097,745 shares of the company’s stock valued at $20,774,000 after buying an additional 123,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in Eldorado Resorts by 5.3% during the first quarter. Geode Capital Management LLC now owns 194,984 shares of the company’s stock valued at $3,690,000 after buying an additional 9,761 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Eldorado Resorts by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 102,698 shares of the company’s stock valued at $1,944,000 after buying an additional 4,959 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Eldorado Resorts by 6,715.5% during the second quarter. Bank of Montreal Can now owns 55,819 shares of the company’s stock valued at $1,116,000 after buying an additional 55,000 shares in the last quarter. Institutional investors own 81.23% of the company’s stock.

Shares of Eldorado Resorts (NASDAQ:ERI) traded up $0.60 during trading on Tuesday, hitting $33.30. The stock had a trading volume of 874,800 shares, compared to its average volume of 720,713. The company has a quick ratio of 1.71, a current ratio of 1.78 and a debt-to-equity ratio of 2.60. Eldorado Resorts has a 1-year low of $14.90 and a 1-year high of $33.40.

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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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