Brokerages expect Eldorado Resorts Inc (NASDAQ:ERI) to announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Eldorado Resorts’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.68. Eldorado Resorts posted earnings per share of $0.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 77.8%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Eldorado Resorts will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.85. For the next year, analysts forecast that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $1.83 to $3.04. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Eldorado Resorts.

Eldorado Resorts (NASDAQ:ERI) last announced its earnings results on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.05). Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The business had revenue of $456.80 million for the quarter, compared to the consensus estimate of $461.57 million. During the same period in the prior year, the business posted ($0.68) earnings per share. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year.

ERI has been the topic of a number of recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. BidaskClub cut shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 7th. Finally, Roth Capital lifted their price objective on shares of Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 12th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Eldorado Resorts presently has a consensus rating of “Buy” and a consensus target price of $46.94.

In other news, Director James B. Hawkins bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The shares were acquired at an average price of $42.45 per share, for a total transaction of $169,800.00. Following the completion of the acquisition, the director now directly owns 107,832 shares in the company, valued at $4,577,468.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anthony L. Carano bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was purchased at an average price of $45.60 per share, for a total transaction of $45,600.00. Following the acquisition, the chief operating officer now owns 26,979 shares of the company’s stock, valued at $1,230,242.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 6,000 shares of company stock worth $261,900. 1.50% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in shares of Eldorado Resorts by 651.7% during the first quarter. Wells Fargo & Company MN now owns 1,332,982 shares of the company’s stock valued at $43,989,000 after purchasing an additional 1,155,658 shares during the period. American Century Companies Inc. acquired a new position in shares of Eldorado Resorts during the first quarter valued at about $655,000. Swiss National Bank raised its holdings in shares of Eldorado Resorts by 1.8% during the first quarter. Swiss National Bank now owns 86,444 shares of the company’s stock valued at $2,853,000 after purchasing an additional 1,500 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Eldorado Resorts by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 273,612 shares of the company’s stock valued at $9,030,000 after purchasing an additional 15,210 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Eldorado Resorts by 1.6% during the first quarter. BlackRock Inc. now owns 3,181,985 shares of the company’s stock valued at $105,006,000 after purchasing an additional 50,858 shares during the period. Institutional investors and hedge funds own 88.32% of the company’s stock.

NASDAQ:ERI traded up $0.75 during mid-day trading on Thursday, reaching $48.65. The stock had a trading volume of 15,851 shares, compared to its average volume of 878,109. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 4,860.00 and a beta of 1.08. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25. Eldorado Resorts has a 12 month low of $23.95 and a 12 month high of $50.00.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

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Earnings History and Estimates for Eldorado Resorts (NASDAQ:ERI)

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