Equities research analysts predict that Eldorado Resorts Inc (NASDAQ:ERI) will post $0.46 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Eldorado Resorts’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. Eldorado Resorts posted earnings per share of $0.04 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,050%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Eldorado Resorts will report full year earnings of $1.94 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $2.06. For the next financial year, analysts anticipate that the company will report earnings of $2.29 per share, with EPS estimates ranging from $1.96 to $2.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Eldorado Resorts.
ERI has been the subject of a number of research analyst reports. Jefferies Group initiated coverage on shares of Eldorado Resorts in a research report on Thursday, January 18th. They issued a “buy” rating and a $40.00 price target for the company. BidaskClub raised shares of Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reissued an “average” rating and issued a $36.00 price target on shares of Eldorado Resorts in a research report on Monday, February 5th. Finally, Roth Capital initiated coverage on shares of Eldorado Resorts in a research report on Tuesday, February 20th. They issued a “buy” rating and a $41.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.00.
Eldorado Resorts stock traded down $0.90 during midday trading on Thursday, hitting $32.30. 612,651 shares of the stock were exchanged, compared to its average volume of 803,309. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 2.32. Eldorado Resorts has a 1-year low of $17.30 and a 1-year high of $38.45.
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Eldorado Resorts Company Profile
Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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