Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.10, Yahoo Finance reports. Monarch Casino & Resort had a net margin of 16.31% and a return on equity of 17.05%. The business had revenue of $137.87 million during the quarter, compared to the consensus estimate of $134.50 million. During the same period in the prior year, the firm earned $1.38 EPS.
Monarch Casino & Resort Trading Up 0.8 %
MCRI traded up $0.65 on Friday, hitting $79.08. 87,575 shares of the stock traded hands, compared to its average volume of 123,423. The business has a fifty day moving average price of $75.90 and a two-hundred day moving average price of $71.52. Monarch Casino & Resort has a 52 week low of $57.88 and a 52 week high of $80.22. The firm has a market capitalization of $1.46 billion, a PE ratio of 18.43 and a beta of 1.73.
Monarch Casino & Resort Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 29th. Monarch Casino & Resort’s dividend payout ratio (DPR) is presently 28.04%.
Analyst Upgrades and Downgrades
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About Monarch Casino & Resort
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.
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