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Nomura Sticks to Their Hold Rating for Eldorado Resorts

Investing.com
·1 min read


Nomura analyst Harry Curtis maintained a Hold rating on Eldorado Resorts (NASDAQ:ERI) on Tuesday, setting a price target of $12.5, which is approximately 39.38% below the present share price of $20.62.

Curtis expects Eldorado Resorts to post earnings per share (EPS) of -$0.17 for the second quarter of 2020.

The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Eldorado Resorts, with an average price target of $24.56.
The analysts price targets range from a high of $42 to a low of $9.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $592.12 million and a net profit of $94.34 million. The company's market cap is $1.8 billion.

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According to TipRanks.com, Nomura analyst Harry Curtis is a 2-star analyst with an average return of 0.2% and a 51.5% success rate.

Eldorado Resorts, Inc. operates as a casino entertainment company. It engages in gaming operations, and manages hotels, restaurants, bars, racing, retail shops, and other services. It operates through the following segments: West, Midwest, South, East, and Central. The West segment consists of seven properties in Nevada and Colorado. The Midwest segment comprises of dockside and land-based casinos in Iowa and Missouri. The South segment includes dockside casinos in Louisiana and Mississippi, and racino in Florida. The East segment is involved in the operation of racinos located in Pennsylvania, Ohio, and West Virginia; and casinos in Pennsylvania and New Jersey. The Central segment is composed of properties in Indiana, Illinois, and Missouri. The company was founded by Donald Louis Carano in 1973 and is headquartered in Reno, NV.