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  1. #151  
    RX Senior brucefan's Avatar
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    Eldorado Resorts, Inc. (ERI): PT Raised News ERI – Imperial Capital raises PT to $26 from $24. This new price target represents a 30.00% upside over the stock’s previous closing price of $20.00. https://stocknews.com/news/eri-imper...to-26-from-24/

    Update: As of May. 8, 2017, this bullish analyst call has returned -2.00%.
    May 6, 2017 | 10:03am | By StockNews.com Staff
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  2. #152  
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    Growing up: Eldorado doubles down on national expansion, ‘new Reno’ http://www.rgj.com/story/money/busin...ing/101254962/
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  3. #153  
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    Glad I bought in
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  4. #154  
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    Parametric Portfolio Associates LLC Has $1.43 Million Position in Eldorado Resorts, Inc. (ERI)




    Parametric Portfolio Associates LLC raised its position in shares of Eldorado Resorts, Inc. (NASDAQ:ERI) by 50.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 75,284 shares of the company’s stock after buying an additional 25,325 shares during the period. Parametric Portfolio Associates LLC’s holdings in Eldorado Resorts were worth $1,425,000 as of its most recent SEC filing.
    Other large investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in Eldorado Resorts by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 34,784 shares of the company’s stock worth $590,000 after buying an additional 111 shares in the last quarter. FMR LLC acquired a new stake in Eldorado Resorts during the fourth quarter worth approximately $9,162,000. AQR Capital Management LLC boosted its stake in shares of Eldorado Resorts by 2.7% in the fourth quarter. AQR Capital Management LLC now owns 328,935 shares of the company’s stock valued at $5,575,000 after buying an additional 8,646 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in shares of Eldorado Resorts during the first quarter valued at about $2,257,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Eldorado Resorts by 82.6% in the first quarter. Bank of New York Mellon Corp now owns 393,181 shares of the company’s stock valued at $7,441,000 after buying an additional 177,902 shares during the period. 65.18% of the stock is currently owned by institutional investors and hedge funds.
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    Shares of Eldorado Resorts, Inc. (ERI) opened at 19.50 on Wednesday. The stock has a 50 day moving average price of $20.27 and a 200 day moving average price of $18.51. The company has a market capitalization of $1.48 billion, a PE ratio of 41.58 and a beta of 1.01. Eldorado Resorts, Inc. has a one year low of $10.65 and a one year high of $21.83.

    Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.16. The business had revenue of $200.90 million during the quarter, compared to analyst estimates of $209.75 million. Eldorado Resorts had a net margin of 2.49% and a return on equity of 7.95%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities research analysts predict that Eldorado Resorts, Inc. will post $0.67 earnings per share for the current year.
    Several equities research analysts have recently issued reports on ERI shares. Imperial Capital reaffirmed an “outperform” rating and issued a $26.00 target price (up from $24.00) on shares of Eldorado Resorts in a report on Friday, May 5th. Zacks Investment Research raised Eldorado Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. TheStreet raised Eldorado Resorts from a “d+” rating to a “c” rating in a report on Wednesday, May 17th. Finally, BidaskClub cut Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Eldorado Resorts currently has a consensus rating of “Buy” and a consensus price target of $21.50.
    In other Eldorado Resorts news, insider Thomas Reeg acquired 2,500 shares of the business’s stock in a transaction on Friday, June 16th. The stock was bought at an average price of $20.03 per share, for a total transaction of $50,075.00. Following the acquisition, the insider now owns 46,200 shares in the company, valued at $925,386. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hotel Casino Management, Inc. sold 750,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $20.66, for a total transaction of $15,495,000.00. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by corporate insiders.
    Eldorado Resorts Company Profile
    Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.
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  5. #155  
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    Eldorado Resorts Reports Second Quarter Net Revenue of $426.8 Million, Operating Income of $(17.6) Million and Adjusted EBITDA of $100.0 Million







    Business WireAugust 8, 2017

    https://finance.yahoo.com/news/eldor...200500288.html
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  6. #156  
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  7. #157  
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    Big Day.
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  8. #158  
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    Quote Originally Posted by mickj View Post
    Big Day.
    Very bullish conference call , huge cost savings digesting the ISLE of Capri Acq, and positive guidence going forward

    Long and Strong
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  9. #159  
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    down 2 days but GDEN picks up slack.
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  10. #160  
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    Gden in the middle of finalzing their bond placement for the acquisition, then I think we really push . Eri very healthy pause to refresh

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  11. #161  
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    Eldorado Resorts, Among The Best Of Breed In Regional Gaming, Is Well Positioned For Growth

    Aug. 21, 2017 1:19 PM ET|
    5 comments|
    About: Eldorado Resorts, Inc. (ERI)




    Howard Jay Klein

    Gaming, special situations, long/short equity, momentum
    [COLOR=#1A98FF !important]MARKETPLACE
    The House Edge

    [/COLOR]

    (1,368 followers)




    Summary

    On September 20, 2016, we called REI a buy at $14.25.
    The Isle of Capri acquisition has already produced $30 million in synergies with another $5 million to come.
    Results continue to prove my theory that family-founded gaming companies with heirs still at the helm bear intrinsic value not on a balance sheet.



    Note: This article was exclusive to House Edge Members until the market’s open on Monday, August 21st.
    We have been fans of Eldorado Resorts, Inc. (NASDAQ:ERI) from back in the day when we often traveled to Reno on company business and got to know many of the key industry players there. We were most impressed by Eldorado for lots of reasons but none more revealing than, back then, seeing younger members of the controlling Carano family up on the carousel pits selling change on the casino floor. We were in Reno to check out new technologies on slot machines at Bally's and IGT (NYSE:IGT) that we were considering buying for a new high-end slot zone. While in town, friends in the equipment business introduced us to the Caranos. We walked their property, checked out their floor configurations, dined there and saw evidence of a very tight, well-run ship in every nook and cranny of the property. Since that time and ever since, we’ve seen in that company and other family controlled casino operations, now public, a definite relationship between a generational pass-through of on-the-ground knowledge about operations and gaming customers and EBITDA performance.
    In this and subsequent articles, we’ll examine some of the family controlled and family founded US regionals. We’ll discuss those that we believe still have considerable runway to even better valuations and, in some cases, catalysts for transactions as the sector consolidates in the intermediate term.
    First up: Eldorado Resorts, Inc.
    Price at writing: $22.10. The stock is up over 35% since our first recommendation in September of 2016.
    Earnings: Q2 est.: $0.2
    Q2 Actual: $0.39
    52-wk range: $10.65-23.45. Although the stock is near its yearlong high, we are not only sticking to our call last year for it to reach $30 but we are also now raising guidance on ERI to $35 by Q1 of 2018.

    Our rationale: The company has ingrained one of the best player-focused service cultures in its line employees in the industry. It’s a product of three generations of Caranos who have learned the business literally from the casino floor up. In addition, we now believe ERI, with the Isle acquisition, has reached the scale for even more growth by merger or acquisition that will reward shareholders.
    Among other key data points to come out of its Q2 earnings release: Tom Reeg, CFO, pointed out that the company had targeted $35 million in synergy savings to come out of the Isle buy. As of now, $30 million has already been achieved with another $5 million to go - at a pace ahead of schedule.
    Market cap at writing: $1.693b
    P/E: 47.12
    EPS: (TTM): 0.47
    One-yr target estimate: $24.50. Our revised target $35.
    Q2 net revenues: $426.8 million, down 2.5% YoY, largely related to extreme weather issues in its Mississippi properties and very tough comps in its tri-property Reno segment, which in 2016 got a huge boost from the 47,000 attendee room nights sold for the national bowling event. However, adjusted EBITDA was up 7.8% YoY to $100 million. Property level adjusted EBITDA was up 4.4% to $107.6 million with adjusted EBITDA margin of 25.2%, up 160 bps YoY.
    ERI showed an operating loss for Q2 of -$86 million, almost all of which was related to non-recurring transaction related expenses of the acquisition. Reeg estimates that total EBITDA margins should track around 25% over the first two years of the Isle transaction.
    Margins were up in its Midwest and West combined property matrix. The south, as previously alluded to here, was adversely impacted by severe flooding in Vicksburg, LuLu and Caruthersville that hit visitation.
    In addition, ERI paid down $40 million in debt out of FCF and will continue at that pace, according to Reeg, and will hold at that level even if additional M&A opportunities arise. Anthony Carano, COO, indicated that further acquisitions in the regional space were in management’s crosshairs. All the positives accumulated through the customer-centric culture have already been demonstrated. The company has the resources, human and financial, and the appetite for growth in the years ahead.

    In brief, management has integrated Isle solidly and has most of the transaction costs behind it. It expects to spend $50 million in capex, updating and renovating Isle and Eldorado properties going forward, focusing particularly on its Black Hawk (Colo) and Pompano (FL racing) properties that were part of the Isle acquisition.
    Consensus Q3: Analysts have estimated earnings at $0.18. Per our review of the markets where ERI properties now operate - its transaction costs largely behind it, the further impact of improved customer-facing culture at all properties and capex improvements coming on line - we believe Q3 could produce a significant earnings beat.
    Longer term, we think the Carano family’s long history and current senior management presence in the company add a distinct value that is difficult to measure with standard data points employed in security analysis. That’s why, using our own industry-centric data plus our strong feeling that ERI isn’t finished growing by acquisition, we think it's worth a good hard look now even though the stock is near its 52-week high.
    Catalysts

    1. Explosion of economic growth in metro Reno. Consider the arrival of the Tesla (NASDAQ:TSLA) plant (6,000 jobs) - the 100 tech, manufacturing and service economy companies that have relocated to Reno over the past several years. Add to that the large numbers of Northern Californians, fleeing ever-increasing tax burdens of that state, who seek the weather and lifestyle of the Reno area. Among these are a growing diaspora of Silicon Valley refugees who are finding a hospitable business and cultural environment for their skills in Reno’s on-fire tech sector. It is also attracting larger numbers of early retirees due to the still-large stock of affordable upscale housing and outdoor recreational options. With three strong properties in the metro Reno area (Eldorado, Circus Circus, Silvery Legacy), the company is well positioned to market to this growing population base as well as the attendant convention and tourist business the new tech base is attracting.

    2. Its Black Hawk, Colo., property acquired in the Isle transaction likewise sits in a high-growth piece of geography, drawing from both the Colorado Springs and Denver markets that total over 3 million. Accordingly, ERI's capex is earmarked for that property to meet the expected growth.
    3. We note the imminent exit from bankruptcy of Caesars Entertainment (NASDAQ:CZR) estimated to happen sometime in Q3. At this point, there is no certainty that the new owners of its proposed REIT split properties, who were its senior lenders, will have any appetite to be in the casino business, even as landlords. While they may indeed opt to hold on to all CZR properties split into the REIT, we believe there is also a good chance they will opt to put many of them on sale to raise cash and that they will use the money to either increase their own dividend flow or will just cash out. Should that happen, ERI will be a bidder if any viable CZR properties come up for sale.
    Conclusion: With a solid track record over decades and committed customer-centric, cost-conscious, family-management talent in place, ERI could be a regional giant in the making with the financial and human resources to match its ambitions.
    Author’s Note: All my gaming stocks are held in a blind trust for my children and grandchildren so as to avoid any potential conflict of interest with clients of my consulting business, past present or future. ERI is not now, nor ever was, a client of my company.
    Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.



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  12. #162  
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    Eldorado Resorts Still Has Runway Post-Isle Acquisition - Our Price Target Now $35 By Q2 2018 $ERI
    http://www.seekingalpha.com/article/4107311
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