Analysts Expect Red Rock Resorts Inc (RRR) to Post $0.34 EPS

Brokerages predict that Red Rock Resorts Inc (NASDAQ:RRR) will post $0.34 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Red Rock Resorts’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.25. Red Rock Resorts reported earnings of $0.41 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 17.1%. The business is expected to report its next earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Red Rock Resorts will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $0.85 to $1.50. For the next fiscal year, analysts anticipate that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.08 to $1.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Red Rock Resorts.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, February 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Red Rock Resorts had a net margin of 9.37% and a return on equity of 12.06%. The business had revenue of $431.47 million for the quarter, compared to analysts’ expectations of $408.61 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several research firms have recently weighed in on RRR. BidaskClub cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 14th. Nomura upped their price target on shares of Red Rock Resorts to $32.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank reaffirmed a “buy” rating and issued a $30.00 price target on shares of Red Rock Resorts in a report on Wednesday, February 13th. Finally, ValuEngine raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.20.

In related news, insider Joseph J. Hasson sold 31,628 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $26.42, for a total value of $835,611.76. Following the completion of the transaction, the insider now directly owns 13,921 shares in the company, valued at $367,792.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph J. Hasson sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $28.83, for a total transaction of $43,245.00. Following the completion of the transaction, the insider now owns 17,260 shares of the company’s stock, valued at $497,605.80. The disclosure for this sale can be found here. Insiders sold 75,421 shares of company stock valued at $2,038,531 over the last quarter. 0.40% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in RRR. Bamco Inc. NY boosted its position in Red Rock Resorts by 1.9% during the third quarter. Bamco Inc. NY now owns 8,260,501 shares of the company’s stock valued at $220,142,000 after buying an additional 154,158 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Red Rock Resorts by 10.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,572,518 shares of the company’s stock valued at $133,488,000 after buying an additional 629,672 shares during the period. Vanguard Group Inc. boosted its position in Red Rock Resorts by 9.3% during the third quarter. Vanguard Group Inc. now owns 6,469,688 shares of the company’s stock valued at $172,417,000 after buying an additional 552,550 shares during the period. Vanguard Group Inc boosted its position in Red Rock Resorts by 9.3% during the third quarter. Vanguard Group Inc now owns 6,469,688 shares of the company’s stock valued at $172,417,000 after buying an additional 552,550 shares during the period. Finally, Cohen & Steers Inc. boosted its position in Red Rock Resorts by 2.9% during the fourth quarter. Cohen & Steers Inc. now owns 5,919,209 shares of the company’s stock valued at $120,219,000 after buying an additional 165,784 shares during the period. Institutional investors own 64.11% of the company’s stock.

Red Rock Resorts stock opened at $25.72 on Tuesday. The firm has a market capitalization of $3.08 billion, a PE ratio of 19.63 and a beta of 2.17. Red Rock Resorts has a fifty-two week low of $18.78 and a fifty-two week high of $36.99. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.45.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 14th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.56%. Red Rock Resorts’s dividend payout ratio (DPR) is presently 30.53%.

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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