Caesars Entertainment Inc [CZR] stock prices are down -1.30% to $43.17 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CZR shares have gain 4.50% over the last week, with a monthly amount drifted -0.69%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Caesars Entertainment, Inc. to Report 2024 First Quarter Results on April 30, 2024. In a post published today on Yahoo Finance, Caesars Entertainment, Inc. (NASDAQ: CZR) will release its financial results for the first quarter 2024 after the market closes on Tuesday, April 30, 2024. The company will also host a conference call on April 30, 2024 at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time, to discuss its results and other matters related to the company.
From an analyst’s perspective:
Caesars Entertainment Inc [NASDAQ: CZR] stock has seen the most recent analyst activity on January 09, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $65. Previously, CapitalOne started tracking the stock with Equal Weight rating on October 12, 2023, and set its price target to $51. On May 25, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $39 on the stock. Stifel reiterated its Buy rating and increased its price target to $68 on January 24, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $55 on December 14, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on November 21, 2022, and assigned it a price target of $51. In a note dated July 20, 2022, Susquehanna initiated an Neutral rating and provided a target price of $32 on this stock.
The stock price of Caesars Entertainment Inc [CZR] has been fluctuating between $38.33 and $60.27 over the past year. Currently, Wall Street analysts expect the stock to reach $89.1 within the next 12 months. Caesars Entertainment Inc [NASDAQ: CZR] shares were valued at $43.17 at the most recent close of the market. An investor can expect a potential return of 106.39% based on the average CZR price forecast.
Analyzing the CZR fundamentals
The Caesars Entertainment Inc [NASDAQ:CZR] reported sales of 11.53B for trailing twelve months, representing a surge of 0.14%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.18 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.72 points at the first support level, and at 42.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.02, and for the 2nd resistance point, it is at 44.87.
Caesars Entertainment Inc [CZR] reported earnings per share of -$0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of -$0.3 and a surprise factor of -750.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.34 per share as compared to estimates of $0.28 per share, a difference of $0.06 representing a surprise of 21.40%.
Ratios To Look Out For
It’s worth pointing out that Caesars Entertainment Inc [NASDAQ:CZR]’s Current Ratio is 0.76. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 11.81.
Transactions by insiders
Recent insider trading involved Pegram Michael E, Director, that happened on Mar 06 ’24 when 15000.0 shares were purchased. Director, Pegram Michael E completed a deal on Nov 10 ’23 to buy 15000.0 shares. Meanwhile, CAO & Chief Admin. Officer Lepori Stephanie sold 33282.0 shares on Aug 25 ’23.
