Insider Buying: Eldorado Resorts Inc (ERI) COO Buys 1,000 Shares of Stock
Eldorado Resorts Inc (NASDAQ:ERI) COO Anthony L. Carano purchased 1,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were purchased at an average cost of $45.60 per share, for a total transaction of $45,600.00. Following the transaction, the chief operating officer now directly owns 26,979 shares in the company, valued at approximately $1,230,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ERI stock traded down $0.55 during trading on Friday, reaching $45.25. 39,743 shares of the company traded hands, compared to its average volume of 1,703,957. Eldorado Resorts Inc has a 12 month low of $23.30 and a 12 month high of $50.00. The company has a market cap of $3.66 billion, a P/E ratio of 4,570.00 and a beta of 1.08. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. The company had revenue of $456.80 million for the quarter, compared to the consensus estimate of $461.57 million. During the same period in the previous year, the business earned ($0.68) EPS. Eldorado Resorts’s revenue for the quarter was up 21.6% compared to the same quarter last year. analysts anticipate that Eldorado Resorts Inc will post 1.84 EPS for the current year.
A number of equities research analysts recently weighed in on ERI shares. BidaskClub raised Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 17th. Telsey Advisory Group raised their price objective on Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Finally, Roth Capital raised their price objective on Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.94.
About Eldorado Resorts
Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
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