In the last trading session, 3.9 million Caesars Entertainment Inc (NASDAQ:CZR) shares changed hands as the company’s beta touched 2.64. With the company’s per share price at $27.56 changed hands at -$0.52 or -1.85% during last session, the market valuation stood at $5.84B. CZR’s last price was a discount, traded about -66.65% off its 52-week high of $45.93. The share price had its 52-week low at $26.42, which suggests the last value was 4.14% up since then. When we look at Caesars Entertainment Inc’s average trading volume, we note the 10-day average is 6.24 million shares, with the 3-month average coming to 5.06 million.
Analysts gave the Caesars Entertainment Inc (CZR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.61. If we narrow down to specifics, the data shows that 2 out of 17 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended CZR as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Caesars Entertainment Inc’s EPS for the current quarter is expected to be -0.09.
Caesars Entertainment Inc (NASDAQ:CZR) trade information
Instantly CZR was in red as seen at the end of in last trading. With action -1.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.53%, with the 5-day performance at -1.01% in the red. However, in the 30-day time frame, Caesars Entertainment Inc (NASDAQ:CZR) is -30.68% down. Looking at the short shares, we see there were 17.62 million shares sold at short interest cover period of 3.9 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39, meaning bulls need an upside of 29.33% from its current market value. According to analyst projections, CZR’s forecast low is 30 with 57 as the target high. To hit the forecast high, the stock’s price needs a -106.82% plunge from its current level, while the stock would need to soar -8.85% for it to hit the projected low.
Caesars Entertainment Inc (CZR) estimates and forecasts
Year-over-year growth is forecast to reach 3.35% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 2.83B. 14 analysts are of the opinion that Caesars Entertainment Inc’s revenue for the current quarter will be 2.9B. The company’s revenue for the corresponding quarters a year ago was 2.74B and 2.83B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.13%. The estimates for the next quarter sales put growth at 2.46%.
The 2025 estimates are for Caesars Entertainment Inc earnings to increase by 176.40%.
CZR Dividends
Caesars Entertainment Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
Caesars Entertainment Inc (NASDAQ:CZR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.82% of Caesars Entertainment Inc shares while 104.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.06%. There are 104.20% institutions holding the Caesars Entertainment Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.9226% of the shares, roughly 23.59 million CZR shares worth $937.58 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.7756% or 16.8 million shares worth $667.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Amcap Fund and Growth Fund of America Inc . With 14.06 shares estimated at $387.55 million under it, the former controlled 6.63% of total outstanding shares. On the other hand, Growth Fund of America Inc held about 6.07% of the shares, roughly 12.86 shares worth around $354.41 million.
