Eldorado Resorts Inc (NASDAQ:ERI) – Equities researchers at Jefferies Financial Group cut their Q2 2020 earnings per share (EPS) estimates for shares of Eldorado Resorts in a report released on Wednesday, July 8th. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings of ($1.05) per share for the quarter, down from their previous forecast of ($0.84). Jefferies Financial Group currently has a “Buy” rating and a $51.00 price target on the stock. Jefferies Financial Group also issued estimates for Eldorado Resorts’ Q3 2020 earnings at ($2.63) EPS, Q4 2020 earnings at ($0.46) EPS and FY2020 earnings at ($4.03) EPS.

Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($2.37). The firm had revenue of $473.07 million for the quarter, compared to the consensus estimate of $542.45 million. Eldorado Resorts had a positive return on equity of 7.93% and a negative net margin of 5.62%. The firm’s revenue for the quarter was down 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS.

Several other analysts also recently commented on ERI. Nomura raised their price objective on shares of Eldorado Resorts from $12.50 to $34.00 in a research report on Tuesday, June 2nd. TheStreet downgraded shares of Eldorado Resorts from a “c-” rating to a “d” rating in a research report on Thursday, June 11th. Deutsche Bank reaffirmed a “buy” rating and set a $57.00 price objective on shares of Eldorado Resorts in a research report on Tuesday, June 30th. Stifel Nicolaus raised their price objective on shares of Eldorado Resorts from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, BidaskClub raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Eldorado Resorts has a consensus rating of “Buy” and a consensus target price of $43.70.

Shares of ERI stock opened at $39.00 on Monday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -22.81 and a beta of 2.80. Eldorado Resorts has a 52 week low of $6.02 and a 52 week high of $70.74. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 4.10. The firm has a 50 day moving average of $39.18 and a 200-day moving average of $38.81.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC lifted its stake in Eldorado Resorts by 7.5% during the 4th quarter. Profund Advisors LLC now owns 6,342 shares of the company’s stock valued at $378,000 after acquiring an additional 441 shares in the last quarter. Amalgamated Bank lifted its stake in Eldorado Resorts by 3.8% during the 4th quarter. Amalgamated Bank now owns 12,694 shares of the company’s stock valued at $757,000 after acquiring an additional 464 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Eldorado Resorts by 1.4% during the 4th quarter. Mason Street Advisors LLC now owns 34,746 shares of the company’s stock valued at $2,072,000 after acquiring an additional 488 shares in the last quarter. Honkamp Krueger Financial Services Inc. lifted its stake in Eldorado Resorts by 2.5% during the 1st quarter. Honkamp Krueger Financial Services Inc. now owns 22,778 shares of the company’s stock valued at $328,000 after acquiring an additional 545 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Eldorado Resorts by 100.0% during the 2nd quarter. Global Retirement Partners LLC now owns 1,500 shares of the company’s stock valued at $60,000 after acquiring an additional 750 shares in the last quarter. 83.61% of the stock is owned by institutional investors and hedge funds.

About Eldorado Resorts

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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