Caesars Entertainment (NASDAQ:CZR - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20, Zacks reports. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates 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 Trading Down 0.1 %
Shares of Caesars Entertainment stock traded down $0.03 during trading 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 has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84. The stock's fifty day moving average is $34.68 and its 200 day moving average is $37.81. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of -19.89 and a beta of 2.90. Caesars Entertainment has a 1 year low of $30.78 and a 1 year high of $45.93.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on CZR shares. Jefferies Financial Group dropped their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Truist Financial dropped their price target on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. JMP Securities cut their price objective on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus cut their price objective on Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Barclays cut their target price on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.64.
Read Our Latest Stock Report on CZR
Caesars Entertainment Company Profile
(
Get Free Report)
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.
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