Eldorado Resorts Inc. (NASDAQ:ERI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,216,652 shares, an increase of 234.6% from the September 15th total of 961,482 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average daily trading volume, of 951,442 shares, the days-to-cover ratio is currently 3.4 days.
A number of equities research analysts have recently commented on ERI shares. SunTrust Banks Inc. started coverage on shares of Eldorado Resorts in a research note on Friday, August 19th. They set a “buy” rating and a $17.00 price objective on the stock. Imperial Capital raised their price objective on shares of Eldorado Resorts from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th.
Shares of Eldorado Resorts (NASDAQ:ERI) opened at 13.85 on Thursday. Eldorado Resorts has a 52 week low of $8.47 and a 52 week high of $15.60. The stock’s 50 day moving average is $14.17 and its 200-day moving average is $13.95. The firm has a market cap of $651.99 million, a PE ratio of 5.07 and a beta of 0.84.
Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.15. The business had revenue of $231.30 million for the quarter, compared to analysts’ expectations of $234.56 million. Eldorado Resorts had a return on equity of 52.56% and a net margin of 15.34%. On average, equities analysts predict that Eldorado Resorts will post $0.74 EPS for the current fiscal year.
Eldorado Resorts Company Profile