Caesars Entertainment (CZR) Expected to Announce Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $2.81 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $35.34 on Monday. Caesars Entertainment has a 52 week low of $30.78 and a 52 week high of $45.93. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.51 billion, a P/E ratio of -21.16 and a beta of 2.90. The stock’s fifty day moving average is $34.72 and its two-hundred day moving average is $37.88.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CZR shares. Macquarie restated an “outperform” rating and set a $50.00 price target on shares of Caesars Entertainment in a report on Wednesday, October 30th. Truist Financial cut their price target on Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. TD Cowen cut their price target on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus cut their price target on Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.21.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.