Somewhat Positive Media Coverage Somewhat Unlikely to Affect Red Rock Resorts (RRR) Share Price
Media headlines about Red Rock Resorts (NASDAQ:RRR) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Rock Resorts earned a news impact score of 0.01 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.4862993312969 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Red Rock Resorts, Inc. to Issue Dividend of $0.10 (RRR) (americanbankingnews.com)
- Red Rock Resorts, Inc. breached its 50 day moving average in a Bearish Manner : RRR-US : August 3, 2017 (finance.yahoo.com)
- Red Rock Resorts (RRR) & Pinnacle Entertainment (PNK) Head to Head Analysis (americanbankingnews.com)
Shares of Red Rock Resorts (NASDAQ:RRR) opened at 24.06 on Monday. The firm’s 50 day moving average price is $23.87 and its 200 day moving average price is $23.17. The stock’s market cap is $1.58 billion. Red Rock Resorts has a 52-week low of $20.58 and a 52-week high of $24.94.
Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Thursday, May 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.07. Red Rock Resorts had a return on equity of 10.00% and a net margin of 3.58%. The company had revenue of $417.73 million during the quarter, compared to the consensus estimate of $402.88 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts expect that Red Rock Resorts will post $1.33 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 11th. Red Rock Resorts’s dividend payout ratio is presently 45.46%.
RRR has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 price objective on shares of Red Rock Resorts in a research note on Friday, July 14th. Zacks Investment Research downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $26.00 price objective (up previously from $24.50) on shares of Red Rock Resorts in a research note on Monday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Red Rock Resorts presently has a consensus rating of “Buy” and an average price target of $26.14.
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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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