Eldorado Resorts (NASDAQ:ERI) released its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.25), Briefing.com reports. The company had revenue of $637.10 million during the quarter, compared to analyst estimates of $658.74 million. Eldorado Resorts had a net margin of 5.00% and a return on equity of 11.41%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS.
ERI traded up $0.80 during trading hours on Wednesday, hitting $41.25. 34,382 shares of the company’s stock were exchanged, compared to its average volume of 1,619,960. Eldorado Resorts has a 1-year low of $31.86 and a 1-year high of $54.99. The firm has a 50-day moving average price of $46.46. The company has a market capitalization of $3.18 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.93 and a current ratio of 0.98.
A number of institutional investors and hedge funds have recently made changes to their positions in ERI. Meridian Wealth Management LLC acquired a new position in Eldorado Resorts during the first quarter worth $28,000. Dorsey Wright & Associates lifted its stake in Eldorado Resorts by 33.3% in the second quarter. Dorsey Wright & Associates now owns 920 shares of the company’s stock valued at $42,000 after acquiring an additional 230 shares during the last quarter. Mascoma Wealth Management LLC acquired a new stake in Eldorado Resorts in the first quarter valued at $47,000. NEXT Financial Group Inc lifted its stake in Eldorado Resorts by 1,824.3% in the second quarter. NEXT Financial Group Inc now owns 1,424 shares of the company’s stock valued at $65,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Eldorado Resorts in the first quarter valued at $69,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Eldorado Resorts Company Profile
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 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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