Eldorado Resorts (NASDAQ:ERI) insider Edmund L. Quatmann, Jr. sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $42.95, for a total transaction of $859,000.00. Following the transaction, the insider now owns 132,917 shares in the company, valued at $5,708,785.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eldorado Resorts opened at $44.40 on Monday, according to Marketbeat. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.12 and a current ratio of 2.19. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 193.04 and a beta of 1.01. Eldorado Resorts has a twelve month low of $18.80 and a twelve month high of $44.70.
Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, May 3rd. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.13). The company had revenue of $440.19 million during the quarter, compared to analysts’ expectations of $446.15 million. Eldorado Resorts had a net margin of 5.62% and a return on equity of 2.81%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. research analysts anticipate that Eldorado Resorts will post 1.9 earnings per share for the current fiscal year.
Several research firms recently weighed in on ERI. BidaskClub upgraded shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a report on Thursday. Nomura began coverage on shares of Eldorado Resorts in a report on Tuesday, May 8th. They set a “neutral” rating and a $47.00 price target on the stock. SunTrust Banks boosted their price target on shares of Eldorado Resorts to $49.00 and gave the stock a “buy” rating in a report on Friday, May 4th. JPMorgan Chase set a $55.00 target price on shares of Eldorado Resorts and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, ValuEngine upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.16.
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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