Damn Good Stock: Eldorado Resorts, Inc. (NYSE: ERI)

Eldorado Resorts, Inc. (NYSE: ERI) spotted trading -0.82% off 52-week high price. On the other end, the stock has been noted 70.35% away from the low price over the last 52-weeks. The stock changed -0.25% to recent value of $59.01. The stock transacted 2194378 shares during most recent day however it has an average volume of 1335.54K shares. The company has 78.12M of outstanding shares and 61.99M shares were floated in the market.

Eldorado Resorts, Inc. (ERI) recently stated operating results for the third quarter ended September 30, 2019.

Third Quarter and Recent Highlights:

Net revenue of $663.2M, a raise of 36.1% on a GAAP basis and decrease of 4.1% on a same-store basis

Operating income of $124.9M, a raise of 36.1% on a GAAP basis and 36.5% on a same-store basis, with net income of $37.1M

Adjusted EBITDA rose 7.9% year over year on a same-store basis

Adjusted EBITDA margin expanded 330 basis points on a same-store basis versus the comparable prior-year period

Sports betting released at six properties in Iowa, Indiana and Mississippi during the quarter bringing the total number of Eldorado casinos now presently offering sports betting to thirteen properties

Company repaid $70M of debt in third quarter and year-to-date has reduced debt by over $300M

Its earnings per share (EPS) expected to touch remained 315.10% for this year while earning per share for the next 5-years is expected to reach at 21.04%. ERI has a gross margin of 49.90% and an operating margin of 16.70% while its profit margin remained 3.60% for the last 12 months. According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.60% from the mean of 20 days, 15.09% from mean of 50 days SMA and performed 25.80% from mean of 200 days price. Company’s performance for the week was 2.36%, 9.60% for month and YTD performance remained 62.97%.