Isle of Capri Casinos (ISLE) is Downgraded by Telsey Advisory Group to Market Perform, Price Target at $18

Isle of Capri Casinos (ISLE) was Downgraded by Telsey Advisory Group to ” Market Perform” and the brokerage firm has set the Price Target at $18. Earlier the firm had a rating of “Outperform ” on the company shares. Telsey Advisory Group advised their investors in a research report released on May 31, 2016.

On the company’s financial health, Isle of Capri Casinos reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $0.22. The company had revenue of $230.50 million for the quarter, compared to analysts expectations of $239.37 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Isle of Capri Casinos opened for trading at $15.37 and hit $16.22 on the upside on Friday, eventually ending the session at $16.2, with a gain of 5.47% or 0.84 points. The heightened volatility saw the trading volume jump to 2,24,042 shares. Company has a market cap of $660 M.

In a different news, on May 12, 2016, Edmund L Jr Quatmann (Chief Legal Officer) sold 22,000 shares at $15.78 per share price. According to the SEC, on Sep 11, 2015, Alan Glazer (director) sold 30,000 shares at $19.26 per share price. On Sep 10, 2015, Bonnie Biumi (director) sold 10,000 shares at $19.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Isle of Capri Casinos Inc. is a developer owner and operator of branded gaming facilities and related dining lodging and entertainment facilities. The Company owns or operates around 15 gaming and entertainment facilities in Colorado Florida Iowa Louisiana Mississippi Missouri and Pennsylvania. Collectively these properties feature approximately 12700 slot machines and over 300 table games (including approximately 80 poker tables) over 2300 hotel rooms and around 45 restaurants. It also operates a harness racing track at its casino in Florida. It operates under two brands: Isle and Lady Luck. Isle-branded facilities are in larger markets whereas Lady Luck-branded facilities are in smaller markets. Its casino properties include Isle Casino Hotel-Black Hawk Lady Luck Casino-Black Hawk Pompano Park Bettendorf Marquette Waterloo Lake Charles Lula Natchez Vicksburg Boonville Cape Girardeau Caruthersville Kansas City and Nemacolin.

Isle of Capri Casinos

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