Media headlines about Eldorado Resorts (NASDAQ:ERI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eldorado Resorts earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.2103184206677 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Buying: Eldorado Resorts Inc (ERI) COO Purchases 1,000 Shares of Stock (americanbankingnews.com)
- Eldorado Resorts prices $600M senior notes offering (seekingalpha.com)
- Eldorado Resorts proposes offering of $600M senior notes due 2026 (seekingalpha.com)
- Eagle II Acquisition Company LLC — Moody’s affirms Eldorado Resorts, Inc.’s B1 CFR; unsecured notes upgraded to B2, bank loan upgraded to Ba1 (finance.yahoo.com)
- Investors size up Eldorado-William Hill deal (seekingalpha.com)
Shares of ERI stock opened at $45.35 on Friday. The stock has a market capitalization of $3.54 billion, a PE ratio of 4,535.00 and a beta of 1.08. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20. Eldorado Resorts has a 52-week low of $23.60 and a 52-week high of $50.00.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.05). The company had revenue of $456.80 million during the quarter, compared to analyst estimates of $461.57 million. Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) EPS. equities research analysts expect that Eldorado Resorts will post 1.84 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on ERI shares. BidaskClub cut Eldorado Resorts from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Roth Capital boosted their price objective on Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 12th. Finally, Telsey Advisory Group boosted their price objective on Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, May 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Eldorado Resorts has an average rating of “Buy” and a consensus target price of $46.94.
In other Eldorado Resorts news, COO Anthony L. Carano purchased 1,000 shares of Eldorado Resorts stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average price of $45.60 per share, with a total value of $45,600.00. Following the acquisition, the chief operating officer now owns 26,979 shares of the company’s stock, valued at approximately $1,230,242.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James B. Hawkins purchased 4,000 shares of Eldorado Resorts stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average cost of $42.45 per share, with a total value of $169,800.00. Following the acquisition, the director now directly owns 107,832 shares in the company, valued at approximately $4,577,468.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 6,000 shares of company stock valued at $261,900. Insiders own 1.50% of the company’s stock.
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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