TheStreet Upgrades Eldorado Resorts, Inc. (ERI) to B-
Eldorado Resorts, Inc. (NASDAQ:ERI) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Wednesday.
Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. Deutsche Bank AG initiated coverage on shares of Eldorado Resorts in a research report on Monday, September 25th. They issued a “buy” rating and a $32.00 price target for the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $22.00 price target on shares of Eldorado Resorts in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co initiated coverage on shares of Eldorado Resorts in a research report on Thursday, July 20th. They issued an “overweight” rating and a $24.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.00.
Shares of Eldorado Resorts (NASDAQ ERI) traded up $2.20 during trading hours on Wednesday, reaching $28.00. 3,212,932 shares of the company traded hands, compared to its average volume of 817,670. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.44 and a quick ratio of 1.37.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 3.40%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. equities analysts expect that Eldorado Resorts will post -0.29 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of ERI. Citigroup Inc. grew its holdings in Eldorado Resorts by 58,900.0% in the second quarter. Citigroup Inc. now owns 5,900 shares of the company’s stock worth $118,000 after purchasing an additional 5,890 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Eldorado Resorts in the first quarter worth $140,000. BNP Paribas Arbitrage SA lifted its stake in shares of Eldorado Resorts by 8,127.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,734 shares of the company’s stock valued at $155,000 after buying an additional 7,640 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Eldorado Resorts by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock valued at $161,000 after buying an additional 1,209 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Eldorado Resorts in the second quarter valued at $174,000. Institutional investors and hedge funds own 71.05% 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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