Zacks: Analysts Anticipate Red Rock Resorts Inc (NASDAQ:RRR) to Announce $0.13 Earnings Per Share

Analysts forecast that Red Rock Resorts Inc (NASDAQ:RRR) will report earnings of $0.13 per share for the current quarter, Zacks reports. Four analysts have made estimates for Red Rock Resorts’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.23. Red Rock Resorts reported earnings per share of $0.30 in the same quarter last year, which indicates a negative year-over-year growth rate of 56.7%. The firm is scheduled to announce its next earnings report on Tuesday, February 11th.

On average, analysts expect that Red Rock Resorts will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.16. For the next financial year, analysts forecast that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.56 to $1.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Red Rock Resorts.

Several research firms have recently issued reports on RRR. Stifel Nicolaus set a $22.00 price objective on Red Rock Resorts and gave the company a “hold” rating in a research note on Wednesday, August 7th. Deutsche Bank restated a “buy” rating and issued a $25.00 price target on shares of Red Rock Resorts in a research note on Wednesday, November 6th. Union Gaming Research lowered Red Rock Resorts from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $22.00 in a research note on Wednesday, November 6th. BidaskClub upgraded Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, Nomura cut their price target on Red Rock Resorts from $36.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Red Rock Resorts has an average rating of “Hold” and a consensus target price of $25.57.

Shares of Red Rock Resorts stock traded up $0.68 on Monday, hitting $23.11. The stock had a trading volume of 42,099 shares, compared to its average volume of 670,911. The stock has a 50 day moving average of $21.05 and a 200 day moving average of $21.62. Red Rock Resorts has a twelve month low of $16.76 and a twelve month high of $29.80. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.90 and a current ratio of 0.96. The firm has a market capitalization of $2.56 billion, a P/E ratio of 17.68 and a beta of 2.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 12th. Red Rock Resorts’s dividend payout ratio is currently 30.53%.

In other Red Rock Resorts news, Director Frank J. Fertitta III acquired 555,149 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $19.30 per share, for a total transaction of $10,714,375.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorenzo J. Fertitta acquired 9,540 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average price of $19.48 per share, for a total transaction of $185,839.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 587,359 shares of company stock worth $11,343,530. Insiders own 40.19% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of Red Rock Resorts by 1,848.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,812 shares of the company’s stock worth $37,000 after buying an additional 1,719 shares during the period. Bank of Montreal Can grew its position in shares of Red Rock Resorts by 1,067.9% during the 2nd quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock valued at $138,000 after buying an additional 5,863 shares during the last quarter. Zebra Capital Management LLC bought a new stake in shares of Red Rock Resorts during the 2nd quarter valued at about $215,000. Green Square Asset Management LLC bought a new stake in shares of Red Rock Resorts during the 2nd quarter valued at about $217,000. Finally, LPL Financial LLC grew its position in shares of Red Rock Resorts by 8.6% during the 2nd quarter. LPL Financial LLC now owns 10,099 shares of the company’s stock valued at $217,000 after buying an additional 797 shares during the last quarter. Institutional investors own 65.42% 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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