|Bid||47.55 x 1300|
|Ask||60.00 x 900|
|Day's Range||51.63 - 52.47|
|52 Week Range||31.86 - 53.21|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||42.38|
|Earnings Date||Aug 3, 2017 - Aug 7, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.33|
Caesars Entertainment stock gapped up on reports it is close to securing a merger deal with rival Eldorado Resorts.
Caesars Entertainment news for Friday includes talk about the company potentially combining with one of its rivals.Source: Shutterstock The news claims that Caesars Entertainment (NASDAQ:CZR) is interested in merging with Eldorado Resorts (NASDAQ:ERI). According to anonymous sources, this deal may be announced later this month. However, this will only be true if the two companies don't change their minds until then.According to the reports about the Caesars Entertainment news, it and Eldorado Resorts are mulling about the idea of a cash-and-stock merger. It's unknown exactly how much ELI will be willing to pay for CZR stock, reports MarketWatch.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat we do know is that rumors claim Caesars Entertainment also already rejected one offer made by Eldorado Resorts. This rumor says that the company was offering $10.50 per share for CZR stock. This is only a 15% premium over the stock's closing price on Thursday."They want to do something if it is at the right price," an anonymous source that is close to the matter told New York Post. "If Eldorado raises their price, something will happen." * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% If the Caesars Entertainment news is true and a potential deal is in the works, it could mean major changes at the top of the company. Sources are claiming that Eldorado Resorts plans to have it management team lead the combined company if a deal goes through.CZR stock was up 4% and ERI stock was up 2% as of Friday morning. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Caesars Entertainment News: CZR Stock Pops on Takeover Developments appeared first on InvestorPlace.
Eldorado, which had a market value of $3.9 billion at the close Thursday, gained as much as 4.3% to $51.93. Golden Nugget owner Tilman Fertitta proposed merging his restaurant and casino empire with Caesars last year, but was rejected by Caesars. Caesars, whose properties include the flagship Caesars Palace and the Harrah’s chain, is still coping with the fallout of a 2008 leveraged buyout led by Apollo Global Management and TPG that left it with a mountain of debt.
shares extended gains Friday, taking their week-to-date advance past 10%, amid fresh reports of a merger deal involving the iconic casino operator and its activist investor Carl Icahn. is nearing an agreement with Caesars that could see the pair combine to create a gaming group worth more than $7.4 billion, multiple media outlets have reported, following pressure from Icahn, who boosted his stake in the group to 17.75% earlier this year, to push for either a sale or the merger of the group. Since first revealing his holding in Caesars in March, Icahn has moved to oust former CEO Mark Frissora and replace him with the deal-focused Anthony Rodio, who quickly orchestrated a tie-up with Walt Disney Co.
U.S. stock futures were higher on Friday, suggesting Wall Street would rise for a fourth straight session, as investors were optimistic a trade deal between the U.S. and Mexico was close and awaited the release of the U.S. jobs report for May. Data from the Bureau of Labor Statistics later Friday is expected to show the U.S. economy added 185,000 new jobs last month, while average hourly wages rose 0.3%, a figure that could either complicate the Federal Reserve's ability to cut interest rates or cement markets expectations for at least two easing moves from the central bank between now and the end of the year. Reports of a potential breakthrough in talks between U.S. and Mexican officials Thursday in Washington helped Wall Street edge higher in the final hours of trading, with Vice President Mike Pence calling the second day of meetings ""encouraging" and describing "some movement" on the part of the Mexican side.
Investing.com - Stocks in focus in premarket trading on Friday: • Beyond Meat (NASDAQ:BYND) stock surged 24.6% by 8:15 AM ET (12:15 GMT) after the plant-based meat alternative company’s first earnings report since going public was better than expected. Sales are expected to double this year, the company added. • Zoom Video Communications (NASDAQ:ZM) stock soared 14.8% as it reported first-quarter sales that doubled over the last year to $122 million. • DocuSign (NASDAQ:DOCU) stock lost 14.6% after its billings grew at a lower rate than in previous quarters, even as its first-quarter results beat estimates on the top and bottom lines. • Barnes and Noble (NYSE:BKS) stock jumped 10.2% on reports that activist firm Elliott Management is acquiring the bookseller for $683 million, including debt. • Boeing (NYSE:BA) stock was unmoved, despite news that Qatar Airways is the latest company to seek compensation for the grounding of Boeing’s 737 Max airplanes. Three of Italian airline Air Italy's jets are grounded. Qatar Airways is a major shareholder in Air Italy. • Caesars Entertainment (NASDAQ:CZR) stock was up 5.9%.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Eldorado Resorts and Cordish Cos. have filed their redevelopment plan for Isle Casino Racing Pompano Park, which would become one of the largest mixed-use projects in South Florida. The 221.6-acre site at 777 Isle of Capri Circle would gain homes, hotels, commercial space, entertainment, and a larger casino, but it would lose the horse racing track currently at the casino. The property owns filed a rezoning application for the property in March.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
Eldorado Resorts (ERI) delivered earnings and revenue surprises of 36.11% and -2.02%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Reno, Nevada-based company said it had profit of 49 cents. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research ...
Eldorado Resorts, Inc. today reported record operating income and Adjusted EBITDA for the first quarter ended March 31, 2019. As outlined in the tables below, the Company generated 2019 first quarter Consolidated Adjusted EBITDA of $166.7 million and Consolidated Adjusted EBITDA after $21.9 million of Master Lease payments of $144.8 million.
Eldorado Resorts, Inc. announced today that its senior management will be participating in two upcoming institutional investor conferenc
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 13.1% in the 2.5 months of 2019 (including […]
Eldorado Resorts (ERI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
J.Crew said it is exploring a potential initial public offering for its fasted growing brand Madewell, the company said in a release Thursday.
Eldorado Resorts and billionaire Tilman Fertitta, the owner of the Golden Nugget casino and Houston Rockets basketball team, are both actively considering a bid for Caesars Entertainment, people familiar with the talks told CNBC.
Eldorado Resorts, Inc. announced today that it will report its 2019 first quarter financial results after the market closes on Thursday, May 2, 2019.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! We think that it's fair to say that the possibility of finding fantastic multi-year winners is what motivates many inve...
A new report from the New York Post indicates he could be in a better position to strike a deal thanks to another billionaire, activist investor Carl Icahn.
Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two casino companies, the sources told Reuters. Earlier this month, Caesars struck a deal with billionaire investor Carl Icahn that will allow the activist investor and significant shareholder to add three directors to the board. "I believe the best path forward for Caesars requires a thorough strategic process to sell or merge the company to further develop its already strong regional presence, which will allow Caesars to continue to take advantage of the Caesars Rewards program bringing more and more players into Caesars' Vegas market," Icahn said on March 1.