Isle of Capri Casinos (ISLE) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Isle of Capri Casinos (ISLE) reported quarterly earnings results on Tuesday, Aug-30-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.30. The company posted revenue of $240.86 million in the period, compared to analysts expectations of $246.88 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 $0.28 EPS.

Many Wall Street Analysts have commented on Isle of Capri Casinos. Company shares were Reiterated by Stifel on Jun 15, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on Jun 14, 2016 to “Market Perform”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .

Isle of Capri Casinos opened for trading at $17.94 and hit $18.13 on the upside on Monday, eventually ending the session at $17.98, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 3,06,749 shares. Company has a market cap of $742 M.

In a different news, on Jul 14, 2016, Edmund L Jr Quatmann (Chief Legal Officer) sold 22,000 shares at $18.90 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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