Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) – Stock analysts at B. Riley raised their FY2022 EPS estimates for shares of Caesars Entertainment in a research report issued on Monday, January 30th. B. Riley analyst D. Bain now expects that the company will post earnings per share of ($1.46) for the year, up from their previous estimate of ($1.49). The consensus estimate for Caesars Entertainment's current full-year earnings is ($1.72) per share. B. Riley also issued estimates for Caesars Entertainment's Q4 2022 earnings at $0.24 EPS, Q3 2023 earnings at $0.41 EPS and Q4 2023 earnings at $0.34 EPS.
Get Caesars Entertainment alerts:Several other brokerages have also issued reports on CZR. Bank of America decreased their price target on shares of Caesars Entertainment from $55.00 to $50.00 in a research note on Wednesday, January 4th. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $63.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, January 24th. Wells Fargo & Company lifted their price objective on shares of Caesars Entertainment from $72.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday, January 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Caesars Entertainment from $64.00 to $70.00 in a research note on Tuesday. Finally, StockNews.com initiated coverage on shares of Caesars Entertainment in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caesars Entertainment has an average rating of "Hold" and an average target price of $68.71.
Caesars Entertainment Trading Up 2.7 %
Shares of CZR stock opened at $53.44 on Wednesday. The company has a 50 day moving average of $47.43 and a 200-day moving average of $44.97. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 6.53. Caesars Entertainment has a 12-month low of $31.31 and a 12-month high of $89.80. The firm has a market cap of $11.47 billion, a P/E ratio of -9.65 and a beta of 2.83.Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.09. Caesars Entertainment had a negative net margin of 11.18% and a negative return on equity of 15.21%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.84 billion.
Hedge Funds Weigh In On Caesars Entertainment
A number of large investors have recently added to or reduced their stakes in the business. Utah Retirement Systems raised its position in Caesars Entertainment by 0.6% in the 3rd quarter. Utah Retirement Systems now owns 36,500 shares of the company's stock worth $1,178,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Caesars Entertainment by 1.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company's stock valued at $578,000 after acquiring an additional 200 shares during the period. Czech National Bank increased its position in shares of Caesars Entertainment by 0.9% in the fourth quarter. Czech National Bank now owns 25,115 shares of the company's stock valued at $1,045,000 after acquiring an additional 213 shares during the period. CWM LLC increased its position in shares of Caesars Entertainment by 5.8% in the fourth quarter. CWM LLC now owns 4,017 shares of the company's stock valued at $167,000 after acquiring an additional 219 shares during the period. Finally, Centaurus Financial Inc. increased its position in shares of Caesars Entertainment by 19.3% in the first quarter. Centaurus Financial Inc. now owns 1,412 shares of the company's stock valued at $109,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 93.88% of the company's stock.
Insider Transactions at Caesars Entertainment
In other Caesars Entertainment news, Director Michael E. Pegram bought 25,000 shares of the firm's stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $44.74 per share, for a total transaction of $1,118,500.00. Following the transaction, the director now directly owns 96,697 shares in the company, valued at $4,326,223.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.
Caesars Entertainment Company Profile
(Get Rating)
Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.
Read More
- Get a free copy of the StockNews.com research report on Caesars Entertainment (CZR)
- Bed Bath & Beyond Is Circling the Drain
- Allegro Microsystems Is A Well-Positioned Semiconductor Stock
- Scotts Miracle-Gro Hits Bottom, Reversal In Play
- Altria is a Great Recession Stock, Long-Term Outlook Uncertain
- Novavax Shares Jumped in January While Others Slipped
Receive News & Ratings for Caesars Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caesars Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.