Analysts expect Eldorado Resorts Inc (NASDAQ:ERI) to announce $682.34 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Eldorado Resorts’ earnings. The lowest sales estimate is $664.30 million and the highest is $713.70 million. Eldorado Resorts reported sales of $456.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 49.4%. The company is expected to issue its next earnings report on Thursday, August 1st.
On average, analysts expect that Eldorado Resorts will report full year sales of $2.67 billion for the current financial year, with estimates ranging from $2.64 billion to $2.74 billion. For the next financial year, analysts expect that the business will post sales of $2.70 billion, with estimates ranging from $2.65 billion to $2.79 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Eldorado Resorts.
Eldorado Resorts (NASDAQ:ERI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The company had revenue of $627.75 million for the quarter, compared to the consensus estimate of $660.92 million. During the same period in the previous year, the business earned $0.27 EPS. Eldorado Resorts’s revenue for the quarter was down 4.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of ERI. Meridian Wealth Management LLC acquired a new position in Eldorado Resorts during the 1st quarter worth $28,000. Marshall Wace North America L.P. boosted its position in Eldorado Resorts by 23.6% during the 1st quarter. Marshall Wace North America L.P. now owns 90,917 shares of the company’s stock worth $4,245,000 after acquiring an additional 17,346 shares during the period. Marshall Wace LLP acquired a new position in Eldorado Resorts during the 1st quarter worth $69,000. Nordea Investment Management AB boosted its position in Eldorado Resorts by 2.5% during the 1st quarter. Nordea Investment Management AB now owns 96,810 shares of the company’s stock worth $4,519,000 after acquiring an additional 2,326 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in Eldorado Resorts during the 1st quarter worth $202,000. Institutional investors and hedge funds own 85.72% of the company’s stock.
ERI stock traded up $2.28 during midday trading on Tuesday, hitting $52.06. 1,576,015 shares of the company’s stock were exchanged, compared to its average volume of 574,673. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a 12-month low of $31.86 and a 12-month high of $52.49. The company has a market capitalization of $4.03 billion, a PE ratio of 37.72, a P/E/G ratio of 1.12 and a beta of 1.65.
About Eldorado Resorts
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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