Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eldorado Resorts (ERI) Stock Price

Headlines about Eldorado Resorts (NASDAQ:ERI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eldorado Resorts earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.7950830438965 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

A number of brokerages have issued reports on ERI. Macquarie raised shares of Eldorado Resorts from a “neutral” rating to an “outperform” rating and increased their target price for the company from $17.30 to $38.45 in a report on Tuesday, April 3rd. BidaskClub cut shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research cut shares of Eldorado Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Telsey Advisory Group began coverage on shares of Eldorado Resorts in a report on Tuesday, March 13th. They issued an “outperform” rating and a $42.00 target price for the company. Finally, Roth Capital began coverage on shares of Eldorado Resorts in a report on Tuesday, February 20th. They issued a “buy” rating and a $41.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.38.

Shares of ERI opened at $35.70 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.15 and a quick ratio of 1.07. Eldorado Resorts has a 1-year low of $17.30 and a 1-year high of $38.45. The company has a market cap of $2,742.06, a PE ratio of 3,570.00 and a beta of 1.04.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Eldorado Resorts had a negative return on equity of 0.19% and a net margin of 5.17%. The business had revenue of $428.22 million for the quarter, compared to analysts’ expectations of $431.27 million. sell-side analysts expect that Eldorado Resorts will post 1.9 earnings per share for the current fiscal year.

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About Eldorado Resorts

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

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