Isle of Capri Casinos Inc. (ISLE) Forecasted to Post FY2017 Earnings of $1.30 Per Share
Isle of Capri Casinos Inc. (NASDAQ:ISLE) – Equities research analysts at Gabelli cut their FY2017 earnings per share (EPS) estimates for Isle of Capri Casinos in a research report issued to clients and investors on Tuesday. Gabelli analyst A. Trivison now forecasts that the brokerage will post earnings per share of $1.30 for the year, down from their previous estimate of $1.35. Gabelli has a “Hold” rating on the stock.
Isle of Capri Casinos (NASDAQ:ISLE) last released its earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The firm earned $240.86 million during the quarter, compared to analyst estimates of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, June 15th. Zacks Investment Research raised shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, June 16th. TheStreet raised shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Deutsche Bank AG reissued a “hold” rating on shares of Isle of Capri Casinos in a research report on Wednesday, June 15th. Finally, Telsey Advisory Group reissued a “hold” rating on shares of Isle of Capri Casinos in a research report on Wednesday, June 15th. Eight analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $18.60.
Isle of Capri Casinos (NASDAQ:ISLE) traded up 2.20% during midday trading on Wednesday, reaching $22.81. The company’s stock had a trading volume of 688,988 shares. The stock has a market capitalization of $942.12 million, a price-to-earnings ratio of 17.71 and a beta of 1.72. Isle of Capri Casinos has a 52-week low of $10.62 and a 52-week high of $22.89. The firm has a 50-day moving average price of $18.03 and a 200 day moving average price of $16.31.
In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total transaction of $415,800.00. Following the completion of the sale, the insider now owns 156,731 shares of the company’s stock, valued at $2,962,215.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 38.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. AXA raised its stake in Isle of Capri Casinos by 3.6% in the first quarter. AXA now owns 104,800 shares of the company’s stock valued at $1,467,000 after buying an additional 3,600 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Isle of Capri Casinos by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 234,846 shares of the company’s stock worth $3,288,000 after buying an additional 4,450 shares in the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of Isle of Capri Casinos during the first quarter worth $153,000. Lafitte Capital Management LP bought a new stake in shares of Isle of Capri Casinos during the first quarter worth $4,811,000. Finally, Amici Capital LLC bought a new stake in shares of Isle of Capri Casinos during the first quarter worth $490,000. 54.63% of the stock is owned by institutional investors.
Isle of Capri Casinos Company Profile
Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.
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