Caesars Entertainment (NASDAQ:CZR) Releases Earnings Results

Caesars Entertainment (NASDAQ:CZR - Get Free Report) announced its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20, Zacks reports. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%.

Caesars Entertainment Stock Performance

CZR traded down $0.03 on Friday, reaching $33.22. 6,660,792 shares of the stock were exchanged, compared to its average volume of 4,619,448. The company's 50-day moving average price is $34.68 and its 200 day moving average price is $37.81. Caesars Entertainment has a fifty-two week low of $30.78 and a fifty-two week high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The firm has a market capitalization of $7.06 billion, a PE ratio of -19.89 and a beta of 2.90.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Macquarie lowered their price objective on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday. TD Cowen lowered their price objective on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. JMP Securities lowered their price objective on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. One 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $50.64.

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About Caesars Entertainment

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.