Brokerages expect that Caesars Entertainment Co. (NASDAQ:CZR) will announce earnings of ($0.10) per share for the current quarter, Zacks reports. Five analysts have made estimates for Caesars Entertainment’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.23). Caesars Entertainment reported earnings of $0.14 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 171.4%. The business is expected to report its next quarterly earnings results on Wednesday, March 6th.

On average, analysts expect that Caesars Entertainment will report full year earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.01 to $0.19. For the next year, analysts forecast that the business will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.50) to $0.51. Zacks’ EPS averages are an average based on a survey of research analysts that cover Caesars Entertainment.

Several brokerages have commented on CZR. Zacks Investment Research cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Morgan Stanley set a $12.00 price target on shares of Caesars Entertainment and gave the stock a “buy” rating in a research report on Friday, November 2nd. BidaskClub cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Sanford C. Bernstein began coverage on shares of Caesars Entertainment in a research report on Thursday, November 15th. They issued a “market perform” rating on the stock. Finally, Deutsche Bank dropped their price target on shares of Caesars Entertainment from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Caesars Entertainment stock traded up $0.08 during midday trading on Monday, hitting $9.40. The company’s stock had a trading volume of 15,918,912 shares, compared to its average volume of 30,323,961. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 5.93. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $13.54. The stock has a market cap of $6.24 billion, a PE ratio of -2.79 and a beta of 1.31.

In other Caesars Entertainment news, insider Marco Roca sold 17,834 shares of Caesars Entertainment stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $8.21, for a total transaction of $146,417.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Don R. Kornstein bought 20,000 shares of the stock in a transaction on Tuesday, December 18th. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $140,000.00. Following the purchase, the director now owns 78,552 shares in the company, valued at $549,864. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 81,000 shares of company stock worth $585,190. Company insiders own 0.92% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CZR. Vanguard Group Inc. grew its stake in shares of Caesars Entertainment by 16.3% in the 3rd quarter. Vanguard Group Inc. now owns 52,126,701 shares of the company’s stock valued at $534,298,000 after buying an additional 7,294,525 shares in the last quarter. Vanguard Group Inc boosted its position in Caesars Entertainment by 16.3% during the third quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock worth $534,298,000 after purchasing an additional 7,294,525 shares during the period. Assenagon Asset Management S.A. bought a new stake in Caesars Entertainment during the fourth quarter worth approximately $32,271,000. Rubric Capital Management LP bought a new stake in Caesars Entertainment during the third quarter worth approximately $22,657,000. Finally, Eagle Asset Management Inc. boosted its position in Caesars Entertainment by 262.1% during the fourth quarter. Eagle Asset Management Inc. now owns 2,578,902 shares of the company’s stock worth $17,510,000 after purchasing an additional 1,866,636 shares during the period.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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