Eldorado Resorts (ERI) Earning Somewhat Positive News Coverage, Report Finds
Headlines about Eldorado Resorts (NASDAQ:ERI) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eldorado Resorts earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.4230689117093 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Eldorado Resorts (ERI) opened at $31.30 on Thursday. Eldorado Resorts has a 52 week low of $14.90 and a 52 week high of $34.03. The company has a quick ratio of 1.71, a current ratio of 1.78 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $2,400.00, a P/E ratio of -104.33 and a beta of 1.04.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. Eldorado Resorts had a negative return on equity of 2.83% and a negative net margin of 1.20%. The business had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities analysts anticipate that Eldorado Resorts will post -0.08 earnings per share for the current fiscal year.
In other news, Director David P. Tomick bought 1,700 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the transaction, the director now owns 10,400 shares of the company’s stock, valued at $298,480. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bonnie Biumi sold 13,079 shares of the stock in a transaction that occurred on 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. Corporate insiders own 1.14% 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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