Ameristar Casinos (ASCA) posted its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.13. The company’s quarterly revenue was up .7% on a year-over-year basis.
On a related note, analysts at ISI Group initiated coverage on shares of Ameristar Casinos in a research note to investors on Tuesday, January 10th. They set a “buy” rating and a $24.00 price target on the stock. Analysts at Imperial Capital initiated coverage on shares of Ameristar Casinos in a research note to investors on Monday, January 9th. They set an “outperform” rating on the stock. Also, analysts at BB&T (NYSE: BBT) upgraded shares of Ameristar Casinos to a “buy” rating in a research note to investors on Monday, January 9th.
Ameristar Casinos (ASCA) traded up 1.53% on Wednesday, hitting $19.86. Ameristar Casinos (ASCA) has a 1-year low of $14.60 and a 1-year high of $24.50. The stock has a 50-day moving average of $18.48 and a 200-day moving average of $18.52. The company has a market cap of $648.1 million and a price-to-earnings ratio of 86.55.
Ameristar Casinos, Inc. (ACI) is a developer, owner and operator of casino entertainment facilities. The Company has eight properties in seven markets. The Company’s portfolio of casinos consists of Ameristar Casino Resort Spa St. Charles (serving greater St. Louis, Missouri); Ameristar Casino Hotel Kansas City (serving the Kansas City metropolitan area); Ameristar Casino Hotel East Chicago (serving the Chicagoland area); Ameristar Casino Hotel Council Bluffs (serving Omaha, Nebraska and southwestern Iowa); Ameristar Casino Hotel Vicksburg (serving Jackson, Mississippi and Monroe, Louisiana); Ameristar Casino Resort Spa Black Hawk (serving the Denver metropolitan area), and Cactus Petes Resort Casino and The Horseshu Hotel and Casino in Jackpot, Nevada (serving Idaho and the Pacific Northwest). The Company offers a range of table games, including blackjack, craps, roulette and poker in its markets. The Company offers a range of dining choices in its markets.
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