Isle of Capri Casinos, Inc.

Company Description

Isle of Capri develops and owns hotel and casinos in the U.S. with the same name as the corporation. Additionally the company has casinos on cruise ships and owns a racing facility.

Crushed Estimates

The St. Louis-based company reported fourth-quarter results on June 10th that included earnings per share of 15 cents. Wall Street was looking for a 3 cent loss. After improving operations to save more than $52 million, the gaming company was able to cope with the loss in revenue stemming from the deteriorating economy.

Isle of Capri also has much more financial flexibility after buying back $143 million of its debt and settling claims related to Hurricane Katrina.

Consensus Turns Around

Following the previously mentioned report analysts quickly revised estimates. The consensus is now a gains 23 cents, up from a loss of 24 cents. Forecasts for next year are averaging 58 cents, up from a 9 cent loss.

Compare these figures to 68 cent loss for 2008, giving it year-over-year growth of 146%. The rate for next year would be 154%.

Better than its Peers?

Isle of Capri has a much lower debt-to-equity ratio that most in the industry. The company has debt that is 5.7 time higher than its equity compared to the industry average of almost 44 times. Its profit margin is just under 4%, where as the norm is less than -13%.

The Chart

Shares have been consolidating in the lower teens since the earnings report. Volume is slowing, but could pick up if the stock makes a sharp move. Take a look below.

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187 days ago
	afbrat wrote...
	i bought shares of isle when eddie limbus was at the isle in biloxi now they want us to move our shares to a money market account what do u think about that
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202 days ago
	funnycide wrote...
	They have laid off 1,000 of workers in all casino and can't keep this up. They are going to have to hire back and this will hurt furure earnings. If they do not hire back this will kill customer service and drive customers to others casino's. They must sell Pompano Casino and if they do this it will be a huge plus for them
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203 days ago
	pillpoppinpuppy wrote...
	Isle's debt scares the daylights out of me. Isle has net debt per share of $60, including capitalized operating leases. Compare that with a $13 stock and you have almost 5:1 leverage...much more than your typical maligned hedge fund.
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