Caesars Entertainment (NASDAQ:CZR) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Caesars Entertainment (NASDAQ:CZR) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20, Zacks reports. The business had revenue of $2.80 billion for 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 Price Performance

Caesars Entertainment stock opened at $34.56 on Thursday. The business’s 50-day simple moving average is $34.68 and its 200 day simple moving average is $37.84. 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 has a market cap of $7.34 billion, a price-to-earnings ratio of -20.69 and a beta of 2.90. Caesars Entertainment has a 12-month low of $30.78 and a 12-month high of $45.93.

Analyst Ratings Changes

CZR has been the topic of several research analyst reports. StockNews.com raised Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. TD Cowen decreased their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. JMP Securities decreased their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price target on Caesars Entertainment from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on shares of Caesars Entertainment from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Caesars Entertainment has a consensus rating of “Moderate Buy” and an average price target of $50.64.

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.