Caesars Entertainment (NASDAQ:CZR) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Caesars Entertainment (NASDAQ:CZR) posted its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20, Zacks reports. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%.

Caesars Entertainment Trading Down 0.5 %

NASDAQ:CZR traded down $0.17 during mid-day trading on Tuesday, reaching $34.87. 6,180,158 shares of the company’s stock traded hands, compared to its average volume of 4,505,883. The company has a 50 day moving average price of $34.69 and a 200-day moving average price of $37.87. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -20.88 and a beta of 2.90. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment has a 12-month low of $30.78 and a 12-month high of $45.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Jefferies Financial Group dropped their target price on Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Barclays lowered their price objective on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Macquarie reaffirmed an “outperform” rating and set a $50.00 target price on shares of Caesars Entertainment in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caesars Entertainment 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.