The price of Caesars Entertainment Inc (NASDAQ:CZR) shares last traded on Wall Street rose 3.87% to $48.63.
CZR stock price is now 11.41% away from the 50-day moving average and 2.19% away from the 200-day moving average. The market capitalization of the company currently stands at $10.49B.
With the price target of $51, CapitalOne recently initiated with Equal Weight rating for Caesars Entertainment Inc (NASDAQ: CZR).
In other news, Pegram Michael E, Director bought 15,000 shares of the company’s stock on Nov 10. The stock was bought for $628,562 at an average price of $41.90. Upon completion of the transaction, the Director now directly owns 136,697 shares in the company, valued at $6.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 25, CAO & Chief Admin. Officer Lepori Stephanie sold 33,282 shares of the business’s stock. A total of $1,720,823 was realized by selling the stock at an average price of $51.70. This leaves the insider owning 41,910 shares of the company worth $2.04 million. Insiders disposed of 283,975 shares of company stock worth roughly $13.81 million over the past 1 year. A total of 4.65% of the company’s stock is owned by insiders.
During the past 12 months, Caesars Entertainment Inc has had a low of $38.33 and a high of $60.27. As of last week, the company has a debt-to-equity ratio of 5.43, a current ratio of 0.73, and a quick ratio of 0.71. The fifty day moving average price for CZR is $43.65 and a two-hundred day moving average price translates $47.59 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for Sep, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.34, beating analysts’ expectations of $0.28 by 0.06. This compares to $0.24 EPS in the same period last year. The net profit margin was 6.16% and return on equity was 16.82% for CZR. The company reported revenue of $2.99 billion for the quarter, compared to $2.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.71 percent. For the current quarter, analysts expect CZR to generate $2.95B in revenue.
Caesars Entertainment Inc(CZR) Company Profile
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
