The price of Caesars Entertainment Inc (NASDAQ: CZR) closed at $42.33 in the last session, down -2.31% from day before closing price of $43.33. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 3484896 shares were traded.
Ratios:
We take a closer look at CZR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.80. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.76. In the meantime, Its Debt-to-Equity ratio is 5.67 whereas as Long-Term Debt/Eq ratio is at 5.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JMP Securities on January 09, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $65.
On October 12, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $51.
Susquehanna Upgraded its Negative to Neutral on May 25, 2023, whereas the target price for the stock was revised from $27 to $39.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when Pegram Michael E bought 15,000 shares for $41.45 per share. The transaction valued at 621,750 led to the insider holds 151,697 shares of the business.
Pegram Michael E bought 15,000 shares of CZR for $628,562 on Nov 10 ’23. The Director now owns 136,697 shares after completing the transaction at $41.90 per share. On Aug 25 ’23, another insider, Lepori Stephanie, who serves as the CAO & Chief Admin. Officer of the company, sold 33,282 shares for $51.70 each. As a result, the insider received 1,720,823 and left with 41,910 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CZR now has a Market Capitalization of 9.16B and an Enterprise Value of 33.22B. As of this moment, Caesars’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.58, and their Forward P/E ratio for the next fiscal year is 18.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.88 whereas that against EBITDA is 9.35.
Stock Price History:
Over the past 52 weeks, CZR has reached a high of $60.27, while it has fallen to a 52-week low of $38.33. The 50-Day Moving Average of the stock is 42.58, while the 200-Day Moving Average is calculated to be 46.97.
Shares Statistics:
According to the various share statistics, CZR traded on average about 3.18M shares per day over the past 3-months and 2.78M shares per day over the past 10 days. A total of 215.44M shares are outstanding, with a floating share count of 206.10M. Insiders hold about 4.71% of the company’s shares, while institutions hold 92.49% stake in the company. Shares short for CZR as of Mar 15, 2024 were 8.94M with a Short Ratio of 2.82, compared to 7.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.13% and a Short% of Float of 4.65%.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.37 and a low estimate of -$0.12, while EPS last year was -$0.63. The consensus estimate for the next quarter is $0.32, with high estimates of $0.62 and low estimates of -$0.06.
Analysts are recommending an EPS of between $3.1 and $0.37 for the fiscal current year, implying an average EPS of $1.37. EPS for the following year is $2.48, with 11 analysts recommending between $4.72 and $1.75.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $2.87B. It ranges from a high estimate of $2.95B to a low estimate of $2.8B. As of the current estimate, Caesars Entertainment Inc’s year-ago sales were $2.83B, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $2.91B, an increase of 1.00% less than the figure of $1.40% in the same quarter last year. There is a high estimate of $3B for the next quarter, whereas the lowest estimate is $2.83B.
A total of 16 analysts have provided revenue estimates for CZR’s current fiscal year. The highest revenue estimate was $12.02B, while the lowest revenue estimate was $11.47B, resulting in an average revenue estimate of $11.76B. In the same quarter a year ago, actual revenue was $11.53B, up 2.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $12.19B in the next fiscal year. The high estimate is $12.66B and the low estimate is $11.66B. The average revenue growth estimate for next year is up 3.70% from the average revenue estimate for this year.
