Caesars Entertainment (CZR) Stock Price, News & Analysis

Company Overview

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. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.

Key Stats

• Today's Range: $36.38 to $37.20
• 50-Day Range: $36.00 to $45.55
• 52-Week Range: $31.74 to $50.51
• Volume: 4.04 million shs
• Average Volume: 4.16 million shs
• Market Capitalization: $7.76 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $54.00
• Consensus Rating: Moderate Buy

Caesars Entertainment Stock Analysis - MarketRank™

Caesars Entertainment scored higher than 79% of companies evaluated by MarketBeat, and ranked 87th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Caesars Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 11 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Caesars Entertainment has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Caesars Entertainment are expected to grow in the coming year, from ($0.54) to $1.31 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Caesars Entertainment is -21.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Caesars Entertainment is -21.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Caesars Entertainment has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.86% of the outstanding shares of Caesars Entertainment have been sold short.

Short Interest Ratio / Days to Cover

Caesars Entertainment has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Caesars Entertainment has recently increased by 0.28%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Caesars Entertainment does not currently pay a dividend.

Dividend Growth

Caesars Entertainment does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -2.89

Percentage of Shares Shorted

6.86% of the outstanding shares of Caesars Entertainment have been sold short.

Short Interest Ratio / Days to Cover

Caesars Entertainment has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Caesars Entertainment has recently increased by 0.28%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

Caesars Entertainment has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Caesars Entertainment this week, compared to 15 articles on an average week.

Search Interest

Only 6 people have searched for CZR on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

10 people have added Caesars Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Caesars Entertainment insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.82% of the stock of Caesars Entertainment is held by insiders.

Percentage Held by Institutions

91.79% of the stock of Caesars Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CZR Stock Analysis - Frequently Asked Questions

How have CZR shares performed this year?

Caesars Entertainment's stock was trading at $46.88 at the start of the year. Since then, CZR stock has decreased by 22.1% and is now trading at $36.54.
View the best growth stocks for 2024 here.

How were Caesars Entertainment's earnings last quarter?

Caesars Entertainment, Inc. (NASDAQ:CZR) released its earnings results on Tuesday, October, 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by $0.25. The firm's quarterly revenue was down 4.0% on a year-over-year basis.
Read the conference call transcript.

Does Caesars Entertainment have any subsidiaries?

The following companies are subsidiaries of Caesars Entertainment: William Hill, Centaur Holdings LLC, 1300 WSED LLC, 1301 WSED LLC, 1400 WSED LLC, 3535 LV Corp., 3535 LV Newco LLC, and others.

Who are Caesars Entertainment's major shareholders?

Caesars Entertainment's top institutional investors include Janus Henderson Group PLC (5.93%), State Street Corp (3.51%), Geode Capital Management LLC (2.48%) and EdgePoint Investment Group Inc. (2.32%). Insiders that own company stock include Michael E Pegram, Stephanie Lepori, Courtney Mather, Don R Kornstein, Thomas Reeg, Frank J Fahrenkopf Jr, Frank J Fahrenkopf, Jr, Sandra Douglass Morgan and Edmund L Quatmann Jr.
View institutional ownership trends.

How do I buy shares of Caesars Entertainment?

Shares of CZR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Caesars Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Caesars Entertainment investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Verizon Communications (VZ), Meta Platforms (META), Waste Connections (WCN) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 11/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Casinos & Gaming
• Current Symbol: NASDAQ:CZR
• CUSIP: 12768610
• CIK: 858339
• Web: www.eldoradoresorts.com
• Phone: (702) 407-6000
• Fax: N/A
• Employees: 24,000
• Year Founded: 1937

Price Target and Rating

• Average Stock Price Target: $54.00
• High Stock Price Target: $70.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +45.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.67)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $786 million
• Net Margins: -3.20%
• Pretax Margin: -1.84%
• Return on Equity: -4.44%
• Return on Assets: -0.61%

Debt

• Debt-to-Equity Ratio: 2.84
• Current Ratio: 0.84
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $11.53 billion
• Price / Sales: 0.68
• Cash Flow: $8.38 per share
• Price / Cash Flow: 4.42
• Book Value: $20.63 per share
• Price / Book: 1.80

Miscellaneous

• Outstanding Shares: 212,480,000
• Free Float: 210,738,000
• Market Cap: $7.87 billion
• Optionable: Optionable
• Beta: 2.96