Monarch Casino & Resort (MCRI) Projected to Post Earnings on Tuesday

Monarch Casino & Resort (NASDAQ:MCRI) is expected to be announcing its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.04 per share and revenue of $122.70 million for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same quarter in the prior year, the company posted $1.03 EPS. On average, analysts expect Monarch Casino & Resort to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Monarch Casino & Resort Stock Up 1.1 %

Shares of MCRI stock opened at $75.63 on Friday. Monarch Casino & Resort has a 52-week low of $64.58 and a 52-week high of $96.11. The stock has a market cap of $1.40 billion, a PE ratio of 15.28 and a beta of 1.57. The business has a 50-day simple moving average of $83.10 and a 200-day simple moving average of $82.03.

Analyst Upgrades and Downgrades

Several research firms have commented on MCRI. StockNews.com lowered Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of Monarch Casino & Resort from $79.00 to $82.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Stifel Nicolaus lifted their price objective on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Truist Financial raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and increased their target price for the stock from $82.00 to $100.00 in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group lifted their price target on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Monarch Casino & Resort has an average rating of “Hold” and a consensus target price of $87.20.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.