CZR - Caesars Entertainment Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
11.74
+0.39 (+3.39%)
As of 2:54PM EDT. Market open.
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Engulfing Line (Bearish)

Engulfing Line (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close11.36
Open11.50
Bid11.75 x 2900
Ask11.76 x 3100
Day's Range11.43 - 11.80
52 Week Range3.22 - 14.74
Volume8,741,550
Avg. Volume21,036,500
Market Cap8.034B
Beta (5Y Monthly)1.96
PE Ratio (TTM)N/A
EPS (TTM)-1.89
Earnings DateAug 03, 2020 - Aug 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.58
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Las Vegas Casinos Reopen This Week, And Here's What Investors Should Expect
    Benzinga

    Las Vegas Casinos Reopen This Week, And Here's What Investors Should Expect

    After more than two months of being completely shut down, casinos on the Las Vegas strip will reopen this week for the first time as part of the city's "Phase 2" plan to safely return to normal. While reopenings will be a big step in the right direction for casino stock investors, Vegas will still have a steep hill to climb in the near term.What Happened? On June 4, MGM Resorts International (NYSE: MGM) plans to reopen the Bellagio, MGM Grand and New York-New York casinos, which represent a combined 39% of the company's total Las Vegas rooms. Caesars Entertainment Corporation (NASDAQ: CZR) also plans to reopen Caesars Palace and the Flamingo, which account for 32% of its total Vegas rooms.Wynn Resorts, Limited (NASDAQ: WYNN) also plans to open both its Wynn and Encore casinos. Las Vegas Sands Corp. (NYSE: LVS) is reopening the Venetian and the Palazzo.Why It's Important: The good news for casino stock investors is that other regional casinos that have already reopened have witnessed significant pent-up demand. For example, Mississippi Gulf Coast casinos reopened at half capacity for Memorial Day weekend and reported a 17.3% increase in gross gaming revenue for the weekend compared to last year. Bank of America analyst Shaun Kelley said Tuesday casinos in other regions of the country have demonstrated similar trends."Casino openings so far have shown signs of pent-up demand, a trend which we expect to persist in the near-term possibly making our down ~95% GGR estimates for Q2 too conservative," Kelley wrote in a note.See Also: Analyst: Why Penn National And Boyd Could Outperform As US Casinos Reopen What's Next? Unfortunately, Kelley said Vegas may be one of the slowest areas to recover due to its reliance on air travel, cancellations of events and conventions and relatively low pricing power. Kelley estimates air traffic makes up roughly 60% of Vegas' total visitors, and the latest air traffic data suggests travel remains down about 90% from a year ago.For investors looking to bet on a Vegas recovery, Bank of America has the following ratings and price targets for the four casino stocks mentioned: * Las Vegas Sands, Buy rating and $61 target. * Wynn Resorts, Buy rating and $95 target. * MGM Resorts, Underperform rating and $15 target. * Caesars, no rating.Benzinga's TakeFor the next several months, most investors will be looking past abysmal near-term numbers and hoping that their stocks catch a bid based on expectations that the economy will eventually return to normal.Las Vegas casino stocks will likely be closely tied to a recovery in air travel, and Bank of America estimates 2021 US airline revenue will be down just 18% from 2019 levels.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Latest Ratings for MGM DateFirmActionFromTo May 2020UBSMaintainsNeutral May 2020Credit SuisseAssumesNeutral May 2020B of A SecuritiesDowngradesNeutralUnderperform View More Analyst Ratings for MGM View the Latest Analyst RatingsSee more from Benzinga * 7 Sin Stocks To Buy During The Coronavirus Shutdown * Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios * The Road To Recovery For Las Vegas Casino Stocks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barrons.com

    Las Vegas Casinos Reopen This Week. The Stocks May Reap Different Fortunes.

    Casino stocks have fallen hard during the pandemic. The disease is thought to spread more easily in crowded indoor spaces, making casinos a worrisome destination. But companies say they are taking appropriate measures to keep guests and employees safe.

  • Here is How Hedge Funds Trading Caesars Entertainment Corp (CZR)
    Insider Monkey

    Here is How Hedge Funds Trading Caesars Entertainment Corp (CZR)

    In this article we will take a look at whether hedge funds think Caesars Entertainment Corp (NASDAQ:CZR) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]

  • Caesars Business Partners Support "Caesars Cares" Assistance Fund
    PR Newswire

    Caesars Business Partners Support "Caesars Cares" Assistance Fund

    Caesars Entertainment ("Caesars Entertainment" or the "Company") (NASDAQ: CZR) today recognized several of its long-time business partners who have generously contributed to Caesars Cares. Caesars Cares is an assistance fund established to support the Company's team members across the U.S. who suffer unanticipated hardships, including during the closure of Caesars Entertainment's properties as a result of the COVID-19 public health emergency. The fund is comprised of donations from the Company's Board of Directors, Management Team and business partners. The fund is in addition to the numerous donations made by Caesars Foundation across the country to organizations fighting COVID-19 in communities where Caesars Entertainment operates. Additionally, the Company recently made a grant to the Culinary Academy of Las Vegas, which services displaced union workers and their families.

  • 3 Reasons to Buy Penn National Gaming Stock
    InvestorPlace

    3 Reasons to Buy Penn National Gaming Stock

    Gambling companies like Penn National Gaming (NASDAQ:PENN) stock have been left in ruins, with Lady Luck nowhere to be found.Source: Casimiro PT / Shutterstock.com In fact, thanks to the novel coronavirus, casino stocks like PENN hemorrhaged cash instead of raking it in. MGM Resorts (NYSE:MGM) was reportedly losing up to $14.4 million a day. Boyd Gaming (NYSE:BYD) lost up to $3.2 million a day, says Best Casinos' contributor James Murray.Long-term investors didn't fare much better. Since the chaos began, Las Vegas Sands (NYSE:LVS) slipped from a high of $70 to a current price of about $48. Caesars Entertainment (NASDAQ:CZR) fell from $14.60 to a current price of about $11. Boyd Gaming fell from $35 to near $20.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Excellent Penny Stocks Ready to RoarBut with economies starting to reopen, now may be the perfect time to dig for diamonds in the rough. One of the stocks to consider is Penn National, whose stock recovered from low of $3.75 to nearly $30 per share. If the U.S. economy can successfully reopen, PENN stock could revisit highs of nearly $40. Long-Term Growth is IntactLike most casinos, Penn National Gaming had a tough first quarter, said President and CEO Jay Snowden."Penn National saw a phenomenal start to 2020, with record results in January and February. Our Company was performing well ahead of guidance in every segment, driven in large part by the introduction of retail sports betting at several properties, which has served as a catalyst for both gaming and non-gaming revenue. We also saw a strong positive reaction, including our stock price hitting an all-time high, following the announcement of our strategic investment in Barstool Sports."Unfortunately, growth was cut short in March 2020 thanks to the coronavirus, which required closure. As a result, first-quarter revenues fell $166.5 million year over year to $1.12 billion. Penn National Gaming also saw a loss of $608.6 million, as compared to a profit of $41 million in the first quarter of 2019.But as Snowden added, "The company's long-term growth strategy remains intact" as the company moves forward with projects like its Barstool Sports app. Barstool Sports App Could Be Worth MillionsWith torpedoed results, Penn National Gaming took a 36% stake in Barstool Sports for $163 million in cash and stock to help grow its sports betting and entertainment offering. By 2023, the company could pay another $62 million to increase its stake to 50%.This is great news for Penn National Gaming for two reasons. One, at the moment, Barstool has an audience of 66 million and growing. Better still, Barstool views on social media have already soared 50% since April 2020, a sign of an engaged audience."Penn will have its Barstool (sports betting) app running by the third quarter," said Macquarie's Chad Beynon, "and we believe the app (and the Barstool) database can be worth $10 to $25 per share of equity over time."In addition, we have to realize that legal sports betting is a big multibillion-dollar business. In fact, according to the American Gaming Association's Research on Sports Betting, "Our research showed sports betting, if available online and reasonably taxed, could have an impact of $41.2 billion annually."Plus, nearly 40% of U.S. adults are currently betting on sports. Nevada Approves Casino Reopening PlansBoosting the sector even more was the Nevada Gaming Commission approving guidelines to reopen Las Vegas again soon.Under new guidelines, casinos will be limited to 50% occupancy. Conventions will be limited to 250 people. Restaurants will have limited seating and allow for appropriate distancing. Seating at table games will be limited as well. With blackjack, for example, seating will be limited to three players. Chairs will only be permitted at every other slot machine, too.While there's not a defined timeline for reopening, at least they'll reopen sooner than later.While it won't be business as usual for quite some time, we are beginning to see big signs of recovery. From here, I strongly believe now is the best time to buy down-but-not-out casino stocks like Penn National Gaming.Ian Cooper, an InvestorPlace.com contributor, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Reasons to Buy Penn National Gaming Stock appeared first on InvestorPlace.

  • Caesars Entertainment Announces Las Vegas Reopening Plans
    PR Newswire

    Caesars Entertainment Announces Las Vegas Reopening Plans

    Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment" or the "Company") today announced that it will resume gaming and hospitality operations in Las Vegas at its Caesars Palace and the Flamingo Las Vegas properties on the date and time for reopening specified by the State of Nevada. The Company intends to comply with all reopening directives from Nevada Governor Steve Sisolak, the Nevada Gaming Control Board, and public health authorities. The Company also announced that it expects Harrah's Las Vegas Hotel & Casino and the gaming floor at LINQ Hotel & Casino to be the next properties in Las Vegas to reopen, with timing based on customer demand.

  • Wyndham Rewards Extends Partnership with Caesars Rewards, Offers Exclusive Perks through 2021
    PR Newswire

    Wyndham Rewards Extends Partnership with Caesars Rewards, Offers Exclusive Perks through 2021

    Wyndham Rewards®, the world's most generous rewards program, today announced the extension through 2021 of its partnership with Caesars Entertainment and Caesars Rewards®, the world's leading casino and entertainment loyalty program. The collaboration delivers industry leading perks for members of both programs across Wyndham's approximately 9,300 hotels and more than 30 world-class Caesars destinations.

  • Paul Tudor Jones Boosts Legg Mason and Slashes S&P 500 ETF Position in 1st Quarter
    GuruFocus.com

    Paul Tudor Jones Boosts Legg Mason and Slashes S&P 500 ETF Position in 1st Quarter

    Guru’s top trades feature 2 sells that outweigh the buys Continue reading...

  • MGM, Caesars and Boyd will participate in employee COVID-19 testing plan
    Reuters

    MGM, Caesars and Boyd will participate in employee COVID-19 testing plan

    MGM Resorts International <MGM.N>, Caesars Entertainment Corp <CZR.O> and Boyd Gaming Corp <BYD.N> will participate in the testing plan. It will be conducted at the Las Vegas Convention Center in partnership with the University Medical Center, a Las Vegas hospital. If an employee tests positive, a health worker will provide the employee with that result and forward it to the Southern Nevada Health District for contact tracing.

  • Casino giant Caesars’ challenges go far beyond coronavirus and social distancing
    Yahoo Finance

    Casino giant Caesars’ challenges go far beyond coronavirus and social distancing

    Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.

  • David Tepper's Appaloosa Buys Twitter, Sells Caesars
    GuruFocus.com

    David Tepper's Appaloosa Buys Twitter, Sells Caesars

    Guru's firm releases 1st-quarter portfolio updates Continue reading...

  • Gambling Stock Roundup: Las Vegas Sands' Plan Cancellation, Q1 Earnings Releases
    Zacks

    Gambling Stock Roundup: Las Vegas Sands' Plan Cancellation, Q1 Earnings Releases

    Concerns over the coronavirus pandemic continues to hurt the gambling stocks. Moreover, Las Vegas Sands (LVS) abandons its pursuit of Integrated Resort (IR) development in Japan.

  • Caesars Entertainment (CZR) Q1 2020 Earnings Call Transcript
    Motley Fool

    Caesars Entertainment (CZR) Q1 2020 Earnings Call Transcript

    Joining me today from Caesars Entertainment are Tony Rodio, chief executive officer; and Eric Hession, chief financial officer. Before we get under way, I would like to remind you that today's conference call will contain forward-looking statements that we are making under the safe harbor provisions of federal securities laws. The company's actual results could differ materially from the anticipated results in the forward-looking statements.

  • Eldorado Resorts (ERI) Q1 2020 Earnings Call Transcript
    Motley Fool

    Eldorado Resorts (ERI) Q1 2020 Earnings Call Transcript

    ERI earnings call for the period ending March 31, 2020.

  • GuruFocus.com

    Wall Street Ends in the Red on Tuesday

    Caesars Entertainment gains on financial results Continue reading...

  • Why Shares of Eldorado Resorts Are Rolling 11% Higher Today
    Motley Fool

    Why Shares of Eldorado Resorts Are Rolling 11% Higher Today

    What happened Shares of Eldorado Resorts (NASDAQ: ERI) jumped 11% in morning trading Tuesday. The upward move comes despite the company's report the day before that first-quarter revenue tumbled 26% while Caesars Entertainment (NASDAQ: CZR), which Eldorado will be acquiring for $17 billion, saw a 14% drop.

  • Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode
    Reuters

    Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode

    The gambling industry, which counts on air travel and large groups of people in close proximity, is one of the hardest hit from the restrictions imposed to check the health crisis. "Our first-quarter performance reflects the significant revenue declines we experienced as a result of the closures and stable year-over-year labor costs in March," Chief Executive Officer Tony Rodio said in a statement. Caesars said almost all its casinos worldwide have been closed since March 17 and warned of an estimated daily cash burn of $9.3 million.

  • TheStreet.com

    Caesars Entertainment Q1 Revenue Trails Expectations

    The coronavirus took a major toll on Caesars, which shuttered all its North American properties in March.

  • Caesars Entertainment (CZR) Reports Q1 Loss, Misses Revenue Estimates
    Zacks

    Caesars Entertainment (CZR) Reports Q1 Loss, Misses Revenue Estimates

    Caesars (CZR) delivered earnings and revenue surprises of -111.76% and -8.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Caesars Entertainment Reports Financial Results for the First Quarter of 2020
    PR Newswire

    Caesars Entertainment Reports Financial Results for the First Quarter of 2020

    Caesars Entertainment Corporation (NASDAQ: CZR) ("CEC," "Caesars," "Caesars Entertainment," or the "Company") today reported first quarter of 2020 results as summarized in the discussion below, which highlights certain GAAP and non-GAAP financial measures on a consolidated basis.

  • Caesars Entertainment Provides Update on Plan to Reopen Properties
    PR Newswire

    Caesars Entertainment Provides Update on Plan to Reopen Properties

    Caesars Entertainment Corporation ("Caesars", "Caesars Entertainment" or the "Company") (NASDAQ: CZR) today announced that it plans to resume operations at some properties across its network when permitted by applicable government or tribal bodies. In locations with multiple properties, the Company plans to phase its openings in line with demand and capacity. Across its network, Caesars properties will encourage social distancing practices consistent with recommendations from domestic and international authorities, including federal and applicable state and local public health authorities, and implement other enhanced health and safety protocols.

  • Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead
    Yahoo Finance

    Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead

    COVID-19 and its impact on the U.S. economy will continue to take centerstage in the week ahead.