Caesars Entertainment Inc (NASDAQ:CZR) shares traded -2.31% lower at $42.33 on Wall Street last session.
CZR stock price is now -0.59% away from the 50-day moving average and -9.87% away from the 200-day moving average. The market capitalization of the company currently stands at $9.16B.
With the price target of $65, JMP Securities recently initiated with Mkt Outperform rating for Caesars Entertainment Inc (NASDAQ: CZR). On October 12, 2023, CapitalOne recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $51, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, Pegram Michael E, Director bought 15,000 shares of the company’s stock on Mar 06 ’24. The stock was bought for $621,750 at an average price of $41.45. Upon completion of the transaction, the Director now directly owns 151,697 shares in the company, valued at $6.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10 ’23, Director Pegram Michael E bought 15,000 shares of the business’s stock. A total of $628,562 was incurred on buying the stock at an average price of $41.90. This leaves the insider owning 136,697 shares of the company worth $5.79 million. A total of 4.71% 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 5.67, a current ratio of 0.76, and a quick ratio of 0.74. The fifty day moving average price for CZR is $42.58 and a two-hundred day moving average price translates $46.97 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for Dec, 2023. According to the Resorts & Casinos Company, earnings per share came in at -$0.34, missing analysts’ expectations of -$0.04 by -0.3. This compares to -$0.68 EPS in the same period last year. The net profit margin was 6.82% and return on equity was 19.02% for CZR. The company reported revenue of $2.83 billion for the quarter, compared to $2.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.14 percent. For the current quarter, analysts expect CZR to generate $2.87B in revenue.
