Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) posted its earnings results on Tuesday. The company reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.10), Zacks reports. Monarch Casino & Resort had a return on equity of 20.63% and a net margin of 20.40%. The firm had revenue of $146.26 million during the quarter, compared to analysts’ expectations of $147.93 million. During the same quarter in the prior year, the company earned $1.69 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year.
Monarch Casino & Resort Price Performance
Shares of MCRI opened at $112.26 on Thursday. The firm’s 50 day simple moving average is $118.62 and its 200 day simple moving average is $112.27. The company has a market capitalization of $2.01 billion, a P/E ratio of 17.99 and a beta of 1.37. Monarch Casino & Resort has a 1-year low of $88.13 and a 1-year high of $135.93.
Monarch Casino & Resort Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, December 1st. Monarch Casino & Resort’s dividend payout ratio (DPR) is currently 19.23%.
Key Headlines Impacting Monarch Casino & Resort
Here are the key news stories impacting Monarch Casino & Resort this week:
- Positive Sentiment: Record quarterly performance: Monarch reported record third-quarter net revenue of $146.3 million, up 2.4% year over year, while adjusted EBITDA increased 2.1% to $56.0 million. Net income rose 1.4% to $32.0 million, and diluted EPS increased 4.1% to $1.76. For the first nine months, revenue grew 5.0%, net income climbed 17.4%, and diluted EPS advanced 21.1%. Monarch Casino Reports Record Third Quarter 2026 Financial Results
- Positive Sentiment: Dividend declared: The company announced a quarterly cash dividend of $0.30 per share, equivalent to $1.20 annually and a yield of approximately 1.1%. The dividend will be paid December 15 to shareholders of record December 1, providing a modest shareholder-return benefit. Monarch Announces Quarterly Cash Dividend
- Positive Sentiment: Potential M&A catalyst: Texas Capital remained bullish on MCRI and identified possible mergers or acquisitions as a catalyst, which could support investor interest if Monarch pursues expansion opportunities. Texas Capital Stays Bullish on Monarch
- Negative Sentiment: Quarterly estimates missed: Diluted EPS of $1.76 was below consensus estimates ranging from $1.86 to $1.91, while revenue of approximately $146.3 million missed the $147.9 million forecast. The modest quarterly revenue and profit growth may not have been enough to offset the near-term disappointment, pressuring the stock despite the record results. Monarch Casino Q3 Earnings and Revenues Miss Estimates
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on MCRI shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Monarch Casino & Resort in a report on Thursday, July 2nd. Stifel Nicolaus lowered their price objective on Monarch Casino & Resort from $128.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday. Texas Capital raised Monarch Casino & Resort to a “strong-buy” rating in a research note on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Monarch Casino & Resort in a research note on Monday, August 24th. Finally, Zacks Research upgraded Monarch Casino & Resort from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Monarch Casino & Resort has an average rating of “Moderate Buy” and a consensus price target of $123.40.
Get Our Latest Stock Report on MCRI
Insider Transactions at Monarch Casino & Resort
In other Monarch Casino & Resort news, CEO John Farahi sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the completion of the transaction, the chief executive officer owned 611,556 shares of the company’s stock, valued at $75,832,944. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.34% of the stock is currently owned by insiders.
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc operates casino resorts in Nevada and Colorado. The company’s properties combine casino gaming with hotel accommodations, dining, entertainment and other hospitality services.
Its principal properties are Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado. The resorts offer gaming facilities, restaurants and bars, hotel rooms and suites, spa services, meeting spaces and entertainment options. The company primarily serves regional visitors and destination guests in the western United States.
Monarch Casino & Resort traces its history to the opening of the Atlantis in Reno in 1972.
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