Brokerages Expect Isle of Capri Casinos (ISLE) to Post $0.58 EPS

Brokerages expect that Isle of Capri Casinos (NASDAQ:ISLE) will post earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Isle of Capri Casinos’ earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.51. Isle of Capri Casinos reported earnings of $0.62 per share during the same quarter last year, which indicates a negative year over year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, June 13th.

According to Zacks, analysts expect that Isle of Capri Casinos will report full-year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.30. For the next year, analysts expect that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.10 to $1.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Isle of Capri Casinos.

Isle of Capri Casinos (NASDAQ:ISLE) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. Isle of Capri Casinos had a return on equity of 62.06% and a net margin of 7.02%. The business earned $193.80 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis.

Separately, Zacks Investment Research raised shares of Isle of Capri Casinos from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Isle of Capri Casinos presently has a consensus rating of “Hold” and an average price target of $19.80.

Shares of Isle of Capri Casinos (NASDAQ:ISLE) traded down 1.73% during trading on Monday, hitting $25.56. 3,208,436 shares of the company’s stock were exchanged. Isle of Capri Casinos has a 12-month low of $14.30 and a 12-month high of $26.89. The company has a 50-day moving average of $26.05 and a 200-day moving average of $23.93. The company has a market cap of $1.06 billion, a P/E ratio of 15.73 and a beta of 1.55.

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In related news, insider Donn R. Mitchell II sold 106,935 shares of the stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $25.79, for a total transaction of $2,757,853.65. Following the sale, the insider now directly owns 159,425 shares of the company’s stock, valued at $4,111,570.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Glazer sold 30,000 shares of the stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $25.83, for a total transaction of $774,900.00. Following the sale, the director now directly owns 124,968 shares in the company, valued at $3,227,923.44. The disclosure for this sale can be found here. Insiders have sold 554,421 shares of company stock worth $14,428,742 over the last three months. 38.20% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Isle of Capri Casinos by 21.2% in the first quarter. Creative Planning now owns 4,000 shares of the company’s stock worth $105,000 after buying an additional 700 shares during the period. Great West Life Assurance Co. Can purchased a new stake in shares of Isle of Capri Casinos during the third quarter worth about $109,000. Victory Capital Management Inc. purchased a new stake in shares of Isle of Capri Casinos during the third quarter worth about $116,000. PNC Financial Services Group Inc. increased its stake in shares of Isle of Capri Casinos by 3,980.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,060 shares of the company’s stock worth $158,000 after buying an additional 6,887 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Isle of Capri Casinos during the fourth quarter worth about $626,000. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

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