Equities analysts expect that Red Rock Resorts Inc (NASDAQ:RRR) will report earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Red Rock Resorts’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.29. Red Rock Resorts posted earnings of $0.37 per share during the same quarter last year, which would indicate a negative year over year growth rate of 32.4%. The business is expected to announce its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Red Rock Resorts will report full year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.34. For the next year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $0.71 to $1.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Red Rock Resorts.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $400.37 million for the quarter, compared to the consensus estimate of $391.48 million. Red Rock Resorts had a net margin of 1.61% and a return on equity of 15.00%.

A number of brokerages have issued reports on RRR. Deutsche Bank restated a “buy” rating and set a $35.00 target price on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Union Gaming Research cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. restated a “buy” rating and set a $33.00 target price on shares of Red Rock Resorts in a research report on Tuesday, November 28th. Finally, ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Red Rock Resorts has an average rating of “Buy” and a consensus price target of $30.50.

Red Rock Resorts (NASDAQ:RRR) traded up $0.08 during mid-day trading on Friday, reaching $33.88. 541,893 shares of the company were exchanged, compared to its average volume of 414,630. The stock has a market capitalization of $3,934.89, a P/E ratio of 77.00, a P/E/G ratio of 5.09 and a beta of 1.59. Red Rock Resorts has a 52-week low of $20.87 and a 52-week high of $35.16. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41.

Several large investors have recently bought and sold shares of RRR. Bank of New York Mellon Corp raised its position in shares of Red Rock Resorts by 25.0% in the second quarter. Bank of New York Mellon Corp now owns 484,093 shares of the company’s stock valued at $11,400,000 after buying an additional 96,673 shares during the last quarter. Legal & General Group Plc raised its position in shares of Red Rock Resorts by 96.6% in the second quarter. Legal & General Group Plc now owns 16,708 shares of the company’s stock valued at $394,000 after buying an additional 8,211 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Red Rock Resorts by 123.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after buying an additional 4,705 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Red Rock Resorts in the second quarter valued at approximately $6,766,000. Finally, Wells Fargo & Company MN raised its position in shares of Red Rock Resorts by 62.8% in the second quarter. Wells Fargo & Company MN now owns 133,006 shares of the company’s stock valued at $3,132,000 after buying an additional 51,285 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

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About Red Rock Resorts

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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