Q2 2022 Earnings Estimate for Caesars Entertainment, Inc. Issued By Jefferies Financial Group (NASDAQ:CZR)

Caesars Entertainment, Inc. (NASDAQ:CZRGet Rating) – Analysts at Jefferies Financial Group raised their Q2 2022 earnings estimates for shares of Caesars Entertainment in a report issued on Wednesday, May 4th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $0.87 for the quarter, up from their previous estimate of $0.60. Jefferies Financial Group also issued estimates for Caesars Entertainment’s Q3 2022 earnings at $0.93 EPS, Q4 2022 earnings at $0.82 EPS, FY2022 earnings at $0.52 EPS and FY2023 earnings at $4.37 EPS.

Caesars Entertainment (NASDAQ:CZRGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported ($3.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.65) by ($1.53). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.35 billion. Caesars Entertainment had a negative return on equity of 16.83% and a negative net margin of 12.66%. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the company posted ($2.06) earnings per share.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley lowered their price objective on Caesars Entertainment from $122.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Caesars Entertainment from $100.00 to $105.00 in a research report on Wednesday. Zacks Investment Research downgraded Caesars Entertainment from a “hold” rating to a “sell” rating and set a $72.00 price objective for the company. in a research report on Monday, April 25th. StockNews.com began coverage on Caesars Entertainment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Loop Capital lifted their target price on Caesars Entertainment from $99.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Caesars Entertainment has a consensus rating of “Buy” and a consensus target price of $116.87.

Caesars Entertainment stock opened at $62.95 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.02. Caesars Entertainment has a 12 month low of $61.49 and a 12 month high of $119.81. The stock has a 50-day moving average price of $73.80 and a two-hundred day moving average price of $85.06.

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of Caesars Entertainment by 44.7% during the 1st quarter. First Trust Advisors LP now owns 637,174 shares of the company’s stock valued at $5,537,000 after purchasing an additional 196,890 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Caesars Entertainment by 208.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,076 shares of the company’s stock worth $907,000 after buying an additional 5,454 shares in the last quarter. Advisor Group Holdings Inc. grew its position in Caesars Entertainment by 28.5% during the third quarter. Advisor Group Holdings Inc. now owns 38,057 shares of the company’s stock worth $4,273,000 after buying an additional 8,436 shares in the last quarter. Boston Partners grew its position in Caesars Entertainment by 0.7% during the third quarter. Boston Partners now owns 22,036 shares of the company’s stock worth $2,474,000 after buying an additional 160 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in Caesars Entertainment by 40.2% during the third quarter. Meeder Asset Management Inc. now owns 670 shares of the company’s stock worth $75,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

In other Caesars Entertainment news, Director Michael E. Pegram acquired 13,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were acquired at an average price of $68.89 per share, with a total value of $895,570.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 756 shares of the business’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $79.28, for a total value of $59,935.68. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Caesars Entertainment Company Profile (Get Rating)

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

Read More

Earnings History and Estimates for Caesars Entertainment (NASDAQ:CZR)

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.