Red Rock Resorts (RRR) Scheduled to Post Quarterly Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Red Rock Resorts to post earnings of $0.51 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.55. The firm had revenue of $462.71 million during the quarter, compared to analyst estimates of $440.75 million. Red Rock Resorts had a net margin of 10.21% and a return on equity of 114.32%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. On average, analysts expect Red Rock Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Red Rock Resorts Stock Up 1.6 %

Shares of Red Rock Resorts stock opened at $54.37 on Friday. Red Rock Resorts has a twelve month low of $37.82 and a twelve month high of $63.28. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 13.54. The company’s 50 day moving average is $57.88 and its 200 day moving average is $52.19. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 2.77 and a beta of 2.08.

Red Rock Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 1.84%. Red Rock Resorts’s payout ratio is 33.90%.

Insider Buying and Selling

In related news, CFO Stephen Lawrence Cootey sold 7,520 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.74, for a total transaction of $434,204.80. Following the completion of the transaction, the chief financial officer now owns 243,808 shares in the company, valued at $14,077,473.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 53.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RRR has been the subject of several recent research reports. Susquehanna boosted their target price on shares of Red Rock Resorts from $52.00 to $66.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Wells Fargo & Company boosted their price objective on shares of Red Rock Resorts from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Macquarie raised Red Rock Resorts from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $58.00 in a report on Wednesday, January 17th. Barclays boosted their price target on Red Rock Resorts from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, JMP Securities raised their price objective on Red Rock Resorts from $61.00 to $66.00 and gave the stock a “market outperform” rating in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.67.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.