Caesars Entertainment (CZR) Projected to Post Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $2.82 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Caesars Entertainment Stock Up 2.3 %

Shares of Caesars Entertainment stock opened at $39.76 on Tuesday. The company has a fifty day moving average price of $34.69 and a 200 day moving average price of $37.79. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. Caesars Entertainment has a twelve month low of $30.78 and a twelve month high of $45.93. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -23.81 and a beta of 2.90.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. TD Cowen decreased their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.21.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.