Caesars Entertainment (CZR) Set to Announce Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to post earnings of $0.19 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.52). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. On average, analysts expect Caesars Entertainment to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caesars Entertainment Trading Up 5.4 %

NASDAQ:CZR opened at $35.06 on Monday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 9.93 and a beta of 2.98. Caesars Entertainment has a 12 month low of $31.74 and a 12 month high of $60.27. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The company’s 50 day moving average is $36.61 and its 200-day moving average is $39.66.

Analysts Set New Price Targets

Several brokerages recently issued reports on CZR. Barclays lowered their price target on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Susquehanna cut Caesars Entertainment from a “neutral” rating to a “negative” rating and reduced their target price for the stock from $44.00 to $33.00 in a research report on Monday, July 15th. JMP Securities lowered their price target on shares of Caesars Entertainment from $60.00 to $58.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 17th. Truist Financial reduced their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, B. Riley began coverage on shares of Caesars Entertainment in a research report on Thursday, May 9th. They issued a “buy” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.33.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 40,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the transaction, the director now directly owns 181,697 shares in the company, valued at approximately $6,611,953.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael E. Pegram bought 40,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the purchase, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of Caesars Entertainment stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $32.52, for a total value of $325,200.00. Following the completion of the sale, the director now directly owns 350 shares in the company, valued at approximately $11,382. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

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.