Zacks: Analysts Anticipate Red Rock Resorts Inc (RRR) to Post $0.24 Earnings Per Share

Brokerages predict that Red Rock Resorts Inc (NASDAQ:RRR) will announce earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Red Rock Resorts’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.31. Red Rock Resorts reported earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is expected to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Red Rock Resorts will report full-year earnings of $1.44 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $0.91 to $2.01. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Red Rock Resorts.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. Red Rock Resorts had a net margin of 10.74% and a return on equity of 13.23%. The firm had revenue of $416.19 million during the quarter, compared to analyst estimates of $408.46 million.



Several brokerages recently commented on RRR. BidaskClub raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. SunTrust Banks reaffirmed a “buy” rating and set a $38.00 price target on shares of Red Rock Resorts in a research report on Thursday, August 16th. TheStreet lowered shares of Red Rock Resorts from a “b-” rating to a “c” rating in a research report on Monday, September 24th. ValuEngine downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Zacks Investment Research downgraded shares of Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.30.

Shares of RRR stock opened at $22.54 on Monday. Red Rock Resorts has a one year low of $21.52 and a one year high of $36.99. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 3.23. The company has a market cap of $2.76 billion, a P/E ratio of 35.79 and a beta of 1.56.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.77%. Red Rock Resorts’s dividend payout ratio is currently 64.52%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in Red Rock Resorts during the second quarter worth approximately $226,000. First Quadrant L P CA purchased a new stake in Red Rock Resorts during the third quarter worth approximately $314,000. Solstein Capital LLC purchased a new stake in Red Rock Resorts during the second quarter worth approximately $456,000. Barr E S & Co. purchased a new stake in Red Rock Resorts during the second quarter worth approximately $543,000. Finally, Quantitative Systematic Strategies LLC grew its stake in Red Rock Resorts by 96.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 18,126 shares of the company’s stock worth $607,000 after buying an additional 8,889 shares during the period. Institutional investors own 61.12% of the company’s stock.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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Earnings History and Estimates for Red Rock Resorts (NASDAQ:RRR)

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