Caesars Entertainment (NASDAQ:CZR) Posts Earnings Results, Beats Estimates By $0.20 EPS

Caesars Entertainment (NASDAQ:CZR) issued its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.20, Zacks reports. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock traded down $0.17 during mid-day trading on Tuesday, hitting $34.87. 6,126,788 shares of the stock were exchanged, compared to its average volume of 4,505,683. Caesars Entertainment has a 12 month low of $30.78 and a 12 month high of $45.93. The company has a 50-day simple moving average of $34.69 and a 200 day simple moving average of $37.87. The company has a market capitalization of $7.41 billion, a P/E ratio of -20.88 and a beta of 2.90. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Cowen reduced their price objective on Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Truist Financial dropped their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays decreased their target price on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.21.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.