In today’s recent session, 0.71 million shares of the Caesars Entertainment Inc (NASDAQ:CZR) have been traded, and its beta is 2.49. Most recently the company’s share price was $24.98, and it changed around -$0.09 or -0.36% from the last close, which brings the market valuation of the company to $5.30B. CZR at last check was trading at a discount to its 52-week high of $45.93, offering almost -83.87% off that amount. The share price’s 52-week low was $21.40, which indicates that the recent value has risen by an impressive 14.33% since then. We note from Caesars Entertainment Inc’s average daily trading volume that its 10-day average is 7.37 million shares, with the 3-month average coming to 5.60 million.
Caesars Entertainment Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended CZR as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Caesars Entertainment Inc is expected to report earnings per share of -0.09 for the current quarter.
Caesars Entertainment Inc (NASDAQ:CZR) trade information
Instantly CZR has been showing red trend so far today with a performance of -0.36% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.93 on recent trading dayincreased the stock’s daily price by 7.24%. The company’s shares are currently down -25.25% year-to-date, but still down -9.39% over the last five days. On the other hand, Caesars Entertainment Inc (NASDAQ:CZR) is -9.36% down in the 30-day period. We can see from the shorts that 21.67 million shares have been sold at a short interest cover period of 3.47 day(s).
The consensus price target as assigned by Wall Street analysts is $39, which translates to bulls needing to increase their stock price by 35.95% from its current value. Analyst projections state that CZR is forecast to be at a low of $30 and a high of $57.
Caesars Entertainment Inc (CZR) estimates and forecasts
The year-over-year growth rate is expected to be 3.05%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 2.81B in revenue for the current quarter. 12 analysts expect Caesars Entertainment Inc to make 2.89B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.74B and 2.83B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.61%. Forecasts for the next quarter put sales growth at 2.13%.
CZR Dividends
Caesars Entertainment Inc’s next quarterly earnings report is expected to be released on 2025-Feb-24.
Caesars Entertainment Inc (NASDAQ:CZR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.83% of Caesars Entertainment Inc shares, and 102.91% of them are in the hands of institutional investors. The stock currently has a share float of 103.77%. Caesars Entertainment Inc stock is held by 666.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.9226% of the shares, which is about 23.59 million shares worth $937.58 million.
BLACKROCK INC., with 7.7756% or 16.8 million shares worth $667.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
AMCAP FUND and GROWTH FUND OF AMERICA were the top two Mutual Funds as of Dec 31, 2024 . The former held 14.06 shares worth $351.9 million, making up 6.63% of all outstanding shares. On the other hand, GROWTH FUND OF AMERICA held roughly 12.86 shares worth around $321.81 million, which represents about 6.07% of the total shares outstanding.
