Brokerages forecast that Caesars Entertainment Co. (NASDAQ:CZR) will report earnings per share (EPS) of ($0.02) for the current quarter, Zacks reports. Four analysts have issued estimates for Caesars Entertainment’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.08. Caesars Entertainment posted earnings per share of $0.04 in the same quarter last year, which indicates a negative year over year growth rate of 150%. The company is expected to issue its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Caesars Entertainment will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.15). For the next fiscal year, analysts forecast that the company will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.21) to $0.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Caesars Entertainment.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.13). Caesars Entertainment had a negative return on equity of 9.84% and a net margin of 1.41%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. BidaskClub upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 24th. Deutsche Bank restated a “buy” rating and issued a $11.00 price target on shares of Caesars Entertainment in a report on Sunday, May 5th. UBS Group increased their price target on Caesars Entertainment from $7.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, ValuEngine upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.06.

In other news, VP Les Ottolenghi sold 17,240 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.74, for a total transaction of $150,677.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 97,460 shares of company stock valued at $840,337 over the last ninety days. 0.92% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Canyon Capital Advisors LLC boosted its position in shares of Caesars Entertainment by 3.1% during the fourth quarter. Canyon Capital Advisors LLC now owns 69,971,232 shares of the company’s stock worth $475,105,000 after buying an additional 2,096,859 shares during the period. Vanguard Group Inc boosted its position in Caesars Entertainment by 16.3% during the third quarter. Vanguard Group Inc now owns 52,126,701 shares of the company’s stock valued at $534,298,000 after purchasing an additional 7,294,525 shares during the last quarter. Vanguard Group Inc. boosted its position in Caesars Entertainment by 16.3% during the third quarter. Vanguard Group Inc. now owns 52,126,701 shares of the company’s stock valued at $534,298,000 after purchasing an additional 7,294,525 shares during the last quarter. Shapiro Capital Management LLC boosted its position in Caesars Entertainment by 5.2% during the fourth quarter. Shapiro Capital Management LLC now owns 25,251,911 shares of the company’s stock valued at $171,460,000 after purchasing an additional 1,243,049 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Caesars Entertainment by 7.3% during the first quarter. OppenheimerFunds Inc. now owns 10,771,758 shares of the company’s stock valued at $93,607,000 after purchasing an additional 736,679 shares during the last quarter.

Shares of Caesars Entertainment stock traded down $0.37 during trading hours on Monday, hitting $8.88. The company’s stock had a trading volume of 14,519,288 shares, compared to its average volume of 26,319,928. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $13.54. The company has a market capitalization of $5.97 billion, a P/E ratio of -46.74 and a beta of 1.21. The company has a debt-to-equity ratio of 6.02, a current ratio of 1.12 and a quick ratio of 1.10.

About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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