Analysts expect that Eldorado Resorts Inc (NASDAQ:ERI) will announce earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Eldorado Resorts’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.68. Eldorado Resorts reported earnings per share of $0.36 during the same quarter last year, which suggests a positive year over year growth rate of 77.8%. The company is expected to issue its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Eldorado Resorts will report full year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.85. For the next fiscal year, analysts forecast that the company will report earnings of $2.45 per share, with EPS estimates ranging from $1.83 to $3.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Eldorado Resorts.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). Eldorado Resorts had a return on equity of 11.64% and a net margin of 9.99%. The company had revenue of $456.80 million for the quarter, compared to analyst estimates of $461.57 million. During the same quarter in the previous year, the business earned ($0.68) earnings per share. The company’s revenue was up 21.6% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Friday, July 13th. Roth Capital raised their target price on shares of Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Finally, Telsey Advisory Group raised their target price on shares of Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.94.

In other news, COO Anthony L. Carano acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was bought at an average price of $45.60 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Hawkins acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $42.45 per share, with a total value of $169,800.00. Following the transaction, the director now owns 107,832 shares in the company, valued at $4,577,468.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 6,000 shares of company stock valued at $261,900. Insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Swiss National Bank raised its stake in Eldorado Resorts by 1.8% in the 1st quarter. Swiss National Bank now owns 86,444 shares of the company’s stock worth $2,853,000 after purchasing an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Eldorado Resorts by 13.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,864 shares of the company’s stock worth $490,000 after purchasing an additional 1,740 shares in the last quarter. Gabelli Funds LLC raised its stake in Eldorado Resorts by 14.8% in the 2nd quarter. Gabelli Funds LLC now owns 15,500 shares of the company’s stock worth $606,000 after purchasing an additional 2,000 shares in the last quarter. United Services Automobile Association raised its stake in Eldorado Resorts by 20.9% in the 2nd quarter. United Services Automobile Association now owns 13,302 shares of the company’s stock worth $520,000 after purchasing an additional 2,304 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Eldorado Resorts by 282.7% in the 2nd quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock worth $130,000 after purchasing an additional 2,468 shares in the last quarter. 88.32% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:ERI traded down $0.05 during midday trading on Monday, reaching $45.35. 17,999 shares of the company were exchanged, compared to its average volume of 1,763,493. Eldorado Resorts has a fifty-two week low of $23.60 and a fifty-two week high of $50.00. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 4,530.00 and a beta of 1.07.

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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Earnings History and Estimates for Eldorado Resorts (NASDAQ:ERI)

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