Eldorado Resorts, Inc. (NASDAQ:ERI) has a beta value of 2.79 and has seen 12,518,588 shares traded in the last trading session. The company, currently valued at $3.56 Billion, closed the last trade at $36.15 per share which meant it lost -$2.4 on the day or -6.35% during that session. The ERI stock price is -95.68% off its 52-week high price of $70.74 and 83.35% above the 52-week low of $6.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.33 Million shares traded. The 3-month trading volume is 8.64 Million shares.
The consensus among analysts is that Eldorado Resorts, Inc. (ERI) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 10 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$2.97.
Eldorado Resorts, Inc. (NASDAQ:ERI) trade information
Despite being -6.35% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the ERI stock price touched $44.57- or saw a rise of 18.89%. Year-to-date, Eldorado Resorts, Inc. shares have moved -39.39%, while the 5-day performance has seen it change -13.95%. Over the past 30 days, the shares of Eldorado Resorts, Inc. (NASDAQ:ERI) have changed 2.82%. Short interest in the company has seen 26.31 Million shares shorted with days to cover at 3.05.
Wall Street analysts have a consensus price target for the stock at $45.3, which means that the shares’ value could jump 25.31% from current levels. The projected low price target is $23 while the price target rests at a high of $75. In that case, then, we find that the current price level is +107.47% off the targeted high while a plunge would see the stock lose -36.38% from current levels.
Eldorado Resorts, Inc. (ERI) estimates and forecasts
Figures show that Eldorado Resorts, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -38.79% over the past 6 months, with this year growth rate of -616.33%, compared to -10.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -1337.5% and -744.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +37.8%.
4 analysts offering their estimates for the company have set an average revenue estimate of $78.62 Million for the current quarter. 4 have an estimated revenue figure of $1.2 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $664.54 Million and $663.18 Million respectively for this quarter and the next, and analysts expect sales will grow by -88.2% for the current quarter and 80.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +32.8% over the past 5 years. Earnings growth for 2020 is a modest -15.3% while over the next 5 years, the company’s earnings are expected to increase by 27.5%.
Eldorado Resorts, Inc. (NASDAQ:ERI)’s Major holders
Insiders own 12.68% of the company shares, while shares held by institutions stand at 105.22% with a share float percentage of 120.5%. Investors are also buoyed by the number of investors in a company, with Eldorado Resorts, Inc. having a total of 307 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 10.49 Million shares worth more than $151.12 Million. As of March 30, 2020, FMR, LLC held 13.48% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 7.44 Million shares as of March 30, 2020. The firm’s total holdings are worth over $107.1 Million and represent 9.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.34% shares in the company for having 1822327 shares of worth $26.24 Million while later fund manager owns 1.82 Million shares of worth $26.14 Million as of March 30, 2020, which makes it owner of about 2.33% of company’s outstanding stock.