Equities analysts predict that Caesars Entertainment Corporation (NASDAQ:CZR) will announce earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Caesars Entertainment Corporation’s earnings. Caesars Entertainment Corporation reported earnings of ($14.25) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 101.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Caesars Entertainment Corporation will report full year earnings of ($0.24) per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.73 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Caesars Entertainment Corporation.
Caesars Entertainment Corporation (NASDAQ:CZR) last issued its earnings results on Tuesday, May 2nd. The company reported ($3.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by $4.25. The company had revenue of $963 million for the quarter.
A number of equities research analysts recently weighed in on CZR shares. CIBC started coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They set an “outperform” rating and a $15.00 price target for the company. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. started coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They issued an “outperform” rating and a $15.00 target price for the company. Finally, Macquarie raised shares of Caesars Entertainment Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the company from $10.00 to $13.00 in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Caesars Entertainment Corporation currently has an average rating of “Buy” and a consensus target price of $14.90.
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Shares of Caesars Entertainment Corporation (NASDAQ CZR) traded down 1.21% during mid-day trading on Thursday, reaching $12.20. 2,191,830 shares of the company were exchanged. The stock’s market capitalization is $1.82 billion. Caesars Entertainment Corporation has a 12 month low of $5.39 and a 12 month high of $13.45. The firm has a 50-day moving average price of $12.46 and a 200 day moving average price of $10.59.
A number of large investors have recently modified their holdings of CZR. State Street Corp boosted its position in Caesars Entertainment Corporation by 7.3% in the fourth quarter. State Street Corp now owns 1,186,329 shares of the company’s stock valued at $10,083,000 after buying an additional 80,663 shares during the period. Norges Bank bought a new position in Caesars Entertainment Corporation during the fourth quarter valued at $2,428,000. Metropolitan Life Insurance Co. NY boosted its position in Caesars Entertainment Corporation by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock valued at $298,000 after buying an additional 280 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in Caesars Entertainment Corporation by 181.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 403,173 shares of the company’s stock valued at $3,850,000 after buying an additional 259,839 shares during the period. Finally, First Trust Advisors LP boosted its position in Caesars Entertainment Corporation by 128.5% in the first quarter. First Trust Advisors LP now owns 132,959 shares of the company’s stock valued at $1,270,000 after buying an additional 74,779 shares during the period. 67.46% of the stock is owned by hedge funds and other institutional investors.
Caesars Entertainment Corporation Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.
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