Eldorado Resorts (NASDAQ:ERI) issued its earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10), Morningstar.com reports. The business had revenue of $487.25 million during the quarter, compared to analyst estimates of $494.60 million. Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. Eldorado Resorts’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

NASDAQ:ERI traded down $2.17 during mid-day trading on Friday, reaching $36.72. The stock had a trading volume of 3,545,107 shares, compared to its average volume of 1,510,442. Eldorado Resorts has a fifty-two week low of $28.15 and a fifty-two week high of $50.64. The company has a market capitalization of $2.92 billion, a P/E ratio of 3,672.00, a P/E/G ratio of 1.17 and a beta of 1.47. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.25 and a current ratio of 2.32.

In other news, Director James B. Hawkins acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average price of $46.50 per share, for a total transaction of $46,500.00. Following the completion of the acquisition, the director now owns 108,832 shares of the company’s stock, valued at approximately $5,060,688. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Eldorado Resorts by 282.7% during the second quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock worth $130,000 after purchasing an additional 2,468 shares during the period. Strs Ohio bought a new stake in Eldorado Resorts during the second quarter worth approximately $156,000. FNY Investment Advisers LLC bought a new stake in Eldorado Resorts during the second quarter worth approximately $185,000. Oppenheimer Asset Management Inc. bought a new stake in Eldorado Resorts during the third quarter worth approximately $252,000. Finally, First Mercantile Trust Co. bought a new stake in Eldorado Resorts during the third quarter worth approximately $298,000. 88.48% of the stock is owned by hedge funds and other institutional investors.

ERI has been the topic of a number of research reports. BidaskClub upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. ValuEngine upgraded Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. set a $60.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, Jefferies Financial Group set a $57.00 price objective on Eldorado Resorts and gave the stock a “buy” rating in a report on Friday, October 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $51.56.

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Eldorado Resorts Company Profile

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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Earnings History for Eldorado Resorts (NASDAQ:ERI)

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