Red Rock Resorts, Inc. (NASDAQ:RRR – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.26 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 15th.
Red Rock Resorts has raised its dividend payment by an average of 0.8%annually over the last three years. Red Rock Resorts has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Red Rock Resorts to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.6%.
Red Rock Resorts Price Performance
Shares of NASDAQ:RRR opened at $60.97 on Thursday. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 4.72 and a beta of 1.36. The business has a 50-day simple moving average of $62.76 and a two-hundred day simple moving average of $59.83. Red Rock Resorts has a fifty-two week low of $50.52 and a fifty-two week high of $68.99.
More Red Rock Resorts News
Here are the key news stories impacting Red Rock Resorts this week:
- Positive Sentiment: Red Rock Resorts reported second-quarter 2026 earnings of $0.67 per share, exceeding the FactSet consensus estimate of $0.51. Revenue of $510.3 million also topped the $500.1 million estimate. Red Rock Resorts second-quarter earnings beat
- Positive Sentiment: Analysts raised their price targets following the results. Wells Fargo increased its target to $77 from $75 and maintained an “overweight” rating, while Citizens JMP raised its target to $71 from $69 and kept a “market outperform” rating, signaling substantial potential upside. Analyst price-target changes
- Positive Sentiment: The company declared a quarterly dividend of $0.26 per share, payable September 30 to shareholders of record as of September 15. The dividend represents an annualized yield of approximately 1.6%.
- Neutral Sentiment: Profitability remained strong, with reported net margin of roughly 9% and return on equity above 55%, although the figures vary slightly among reports.
- Negative Sentiment: Revenue declined 3.0% year over year to $510.3 million, while earnings fell from $0.95 per share in the prior-year quarter. The weaker underlying trend may be overshadowing the earnings beat and contributing to the stock’s decline. Red Rock Resorts announces second-quarter 2026 results
Red Rock Resorts Company Profile
Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.
The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.
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