Eldorado Resorts Inc (NASDAQ:ERI) Director James B. Hawkins bought 6,000 shares of Eldorado Resorts stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $40.35 per share, for a total transaction of $242,100.00. Following the acquisition, the director now owns 119,137 shares in the company, valued at approximately $4,807,177.95. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of ERI opened at $39.46 on Thursday. Eldorado Resorts Inc has a 52 week low of $31.86 and a 52 week high of $54.99. The company has a market cap of $3.05 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.46. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. The firm has a fifty day moving average price of $44.91.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.25). Eldorado Resorts had a net margin of 3.90% and a return on equity of 9.57%. The firm had revenue of $637.10 million during the quarter, compared to the consensus estimate of $658.74 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 39.5% on a year-over-year basis. On average, research analysts anticipate that Eldorado Resorts Inc will post 1.76 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on ERI shares. Zacks Investment Research downgraded Eldorado Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Deutsche Bank raised their target price on Eldorado Resorts from $56.00 to $74.00 and gave the company a “buy” rating in a report on Monday, July 1st. BidaskClub downgraded Eldorado Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Finally, Stifel Nicolaus set a $58.00 target price on Eldorado Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Eldorado Resorts presently has an average rating of “Hold” and a consensus price target of $54.79.
Eldorado Resorts Company Profile
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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