Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Eldorado Resorts (ERI) Stock Price
News articles about Eldorado Resorts (NASDAQ:ERI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eldorado Resorts earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.6301772042841 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Zacks Investment Research Downgrades Eldorado Resorts Inc (NASDAQ:ERI) to Sell (americanbankingnews.com)
- Why Eldorado Resorts Inc.’s Shares Popped 11% Today (nwitimes.com)
- Eldorado Resorts, Inc.: Strong price momentum but will it sustain? (finance.yahoo.com)
- Edited Transcript of ERI earnings conference call or presentation 8-Aug-17 8:30pm GMT (finance.yahoo.com)
- Eldorado Resorts, Inc. (ERI) Posts Earnings Results, Misses Expectations By $0.95 EPS (americanbankingnews.com)
A number of research firms have recently weighed in on ERI. Imperial Capital upped their price target on shares of Eldorado Resorts from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research cut shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub cut shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. J P Morgan Chase & Co began coverage on shares of Eldorado Resorts in a research note on Thursday, July 20th. They set an “overweight” rating and a $24.00 price target on the stock. Finally, TheStreet raised shares of Eldorado Resorts from a “d+” rating to a “c” rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.33.
Eldorado Resorts (NASDAQ:ERI) traded up 3.77% during trading on Friday, hitting $23.40. 1,363,377 shares of the stock were exchanged. Eldorado Resorts has a one year low of $10.65 and a one year high of $23.40. The stock’s 50 day moving average is $20.22 and its 200-day moving average is $19.04.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.95. The company had revenue of $355.20 million during the quarter, compared to analysts’ expectations of $354.15 million. Eldorado Resorts had a negative return on equity of 11.56% and a negative net margin of 3.38%. Eldorado Resorts’s quarterly revenue was up 53.6% on a year-over-year basis. On average, analysts forecast that Eldorado Resorts will post $0.20 earnings per share for the current fiscal year.
In other Eldorado Resorts news, major shareholder Hotel Casino Management, Inc. sold 20,864 shares of Eldorado Resorts stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $20.51, for a total transaction of $427,920.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Reeg bought 2,500 shares of the stock in a transaction on Friday, June 16th. The shares were acquired at an average cost of $20.03 per share, for a total transaction of $50,075.00. Following the purchase, the insider now owns 46,200 shares in the company, valued at $925,386. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company’s stock.
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About Eldorado Resorts
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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