Caesars Entertainment Inc. (NASDAQ: CZR) stock fell -0.70% on Thursday to $41.40 against a previous-day closing price of $41.69. With 2.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.91 million shares. During the session, the Resorts & Casinos company that operates in wider Consumer Cyclical sector, reached to the highest price of $42.29 whereas the lowest price it dropped to was $40.81. The 52-week range on CZR shows that it touched its highest point at $56.75 and its lowest point at $31.31 during that stretch. It currently has a 1-year price target of $69.54. Beta for the stock currently stands at 2.88.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CZR was down-trending over the past week, with a drop of -7.61%, but this was up by 0.05% over a month. Three-month performance dropped to -17.25% while six-month performance fell -15.82%. The stock lost -4.03% in the past year, while it has lost -0.48% so far this year. A look at the trailing 12-month EPS for CZR yields -0.92 with Next year EPS estimates of 2.21. For the next quarter, that number is 0.33. This implies an EPS growth rate of 48.90% for this year and 526.06% for next year. EPS is expected to grow by 27.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -33.50%.
Float and Shares Shorts:
At present, 214.00 million CZR shares are outstanding with a float of 213.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.72 million, which was 3.12% higher than short shares on Mar 30, 2023. In addition to Mr. Thomas Robert Reeg CFA as the firm’s CEO & Director, Mr. Anthony L. Carano serves as its Pres & COO.
Through their ownership of 100.12% of CZR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.82% of CZR, in contrast to 4.60% held by mutual funds. Shares owned by individuals account for 34.35%. As the largest shareholder in CZR with 10.32% of the stake, The Vanguard Group, Inc. holds 22,202,867 shares worth 22,202,867. A second-largest stockholder of CZR, Capital Research & Management Co, holds 20,906,272 shares, controlling over 9.72% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in CZR, holding 14,515,309 shares or 6.75% stake. With a 8.22% stake in CZR, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 17,683,884 shares are owned by the mutual fund manager. The American Funds AMCAP Fund, which owns about 3.78% of CZR stock, is the second-largest Mutual Fund holder. It holds 8,122,143 shares valued at 367.85 million. Vanguard Total Stock Market ETF holds 2.95% of the stake in CZR, owning 6,348,867 shares worth 287.54 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CZR reported revenue of $2.82B and operating income of $616.00M. The EBITDA in the recently reported quarter was $967.00M and diluted EPS was -$0.57.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CZR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CZR analysts setting a high price target of $111.00 and a low target of $39.00, the average target price over the next 12 months is $70.43. Based on these targets, CZR could surge 168.12% to reach the target high and fall by -5.8% to reach the target low. Reaching the average price target will result in a growth of 70.12% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded CZR stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 1,371 shares were bought while 0 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 430,796 while 130,605 shares were sold.