Equities research analysts forecast that Red Rock Resorts Inc (NASDAQ:RRR) will announce earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Red Rock Resorts’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.16. Red Rock Resorts posted earnings per share of $0.37 during the same quarter last year, which would indicate a negative year-over-year growth rate of 29.7%. The company is scheduled to issue its next earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Red Rock Resorts will report full-year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.34. For the next financial year, analysts forecast that the company will post earnings of $1.20 per share, with EPS estimates ranging from $0.71 to $1.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Red Rock Resorts.
Several analysts have recently commented on RRR shares. Deutsche Bank restated a “buy” rating and set a $35.00 target price on shares of Red Rock Resorts in a report on Tuesday, November 28th. Union Gaming Research cut Red Rock Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Thursday, November 9th. Zacks Investment Research upgraded Red Rock Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. restated a “buy” rating and set a $33.00 target price on shares of Red Rock Resorts in a report on Tuesday, November 28th. Finally, ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Red Rock Resorts currently has an average rating of “Buy” and a consensus price target of $32.71.
A number of institutional investors have recently bought and sold shares of RRR. Swiss National Bank boosted its holdings in Red Rock Resorts by 2.5% during the fourth quarter. Swiss National Bank now owns 116,100 shares of the company’s stock worth $3,917,000 after buying an additional 2,800 shares during the last quarter. American International Group Inc. boosted its holdings in Red Rock Resorts by 8.1% during the third quarter. American International Group Inc. now owns 45,572 shares of the company’s stock worth $1,055,000 after buying an additional 3,408 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Red Rock Resorts by 763.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,964 shares of the company’s stock worth $134,000 after buying an additional 3,505 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Red Rock Resorts by 154.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock worth $140,000 after buying an additional 3,623 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Red Rock Resorts by 23.5% during the third quarter. Legal & General Group Plc now owns 20,632 shares of the company’s stock worth $477,000 after buying an additional 3,924 shares during the last quarter. Institutional investors and hedge funds own 63.32% of the company’s stock.
Shares of Red Rock Resorts (NASDAQ RRR) traded up $1.12 during mid-day trading on Friday, hitting $34.54. The stock had a trading volume of 1,208,700 shares, compared to its average volume of 587,326. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. The company has a market capitalization of $3,881.47, a PE ratio of 78.50, a PEG ratio of 4.92 and a beta of 1.10. Red Rock Resorts has a 12 month low of $20.87 and a 12 month high of $35.77.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date is Wednesday, March 14th. Red Rock Resorts’s dividend payout ratio is 90.91%.
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Red Rock Resorts Company Profile
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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