Eldorado Resorts Inc (NASDAQ:ERI) Director David P. Tomick bought 700 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $43.83 per share, with a total value of $30,681.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:ERI traded down $1.60 during trading hours on Tuesday, reaching $40.93. The stock had a trading volume of 77,441 shares, compared to its average volume of 1,421,054. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.63 and a quick ratio of 1.57. Eldorado Resorts Inc has a 12-month low of $29.16 and a 12-month high of $50.64. The company has a market capitalization of $3.40 billion, a P/E ratio of 4,082.00, a P/E/G ratio of 1.18 and a beta of 1.50.
Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a return on equity of 12.38% and a net margin of 10.21%. The firm had revenue of $487.25 million during the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that Eldorado Resorts Inc will post 1.87 earnings per share for the current year.
ERI has been the subject of a number of recent research reports. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. BidaskClub raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Jefferies Financial Group set a $57.00 target price on Eldorado Resorts and gave the stock a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research raised Eldorado Resorts from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, November 14th. Finally, Roth Capital raised their target price on Eldorado Resorts from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.38.
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About Eldorado Resorts
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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