Zacks: Brokerages Expect Red Rock Resorts Inc (RRR) to Announce $0.37 EPS
Wall Street brokerages predict that Red Rock Resorts Inc (NASDAQ:RRR) will report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Red Rock Resorts’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.35. Red Rock Resorts reported earnings of $0.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The business is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Red Rock Resorts will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.30. For the next financial year, analysts expect that the firm will post earnings of $1.65 per share, with EPS estimates ranging from $1.59 to $1.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Red Rock Resorts.
Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Red Rock Resorts had a net margin of 2.18% and a return on equity of 16.11%. The firm had revenue of $394.02 million during the quarter, compared to analyst estimates of $406.75 million.
Several large investors have recently modified their holdings of RRR. Bamco Inc. NY lifted its holdings in Red Rock Resorts by 28.0% during the third quarter. Bamco Inc. NY now owns 7,095,981 shares of the company’s stock valued at $164,343,000 after purchasing an additional 1,550,892 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Red Rock Resorts by 46.8% in the third quarter. Point72 Asset Management L.P. now owns 4,285,300 shares of the company’s stock worth $99,248,000 after acquiring an additional 1,366,300 shares during the period. Teachers Advisors LLC lifted its stake in Red Rock Resorts by 125.5% in the fourth quarter. Teachers Advisors LLC now owns 1,942,818 shares of the company’s stock worth $65,551,000 after acquiring an additional 1,081,326 shares during the period. Millennium Management LLC purchased a new stake in Red Rock Resorts in the fourth quarter worth $35,370,000. Finally, Lomas Capital Management LLC lifted its stake in Red Rock Resorts by 229.2% in the fourth quarter. Lomas Capital Management LLC now owns 885,727 shares of the company’s stock worth $29,884,000 after acquiring an additional 616,642 shares during the period. 63.24% of the stock is currently owned by institutional investors.
Shares of Red Rock Resorts (NASDAQ:RRR) opened at $33.30 on Tuesday. Red Rock Resorts has a one year low of $21.07 and a one year high of $35.77. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 4.06. The stock has a market cap of $3,823.61, a price-to-earnings ratio of 79.29 and a beta of 1.15.
The business 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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, March 14th. Red Rock Resorts’s dividend payout ratio (DPR) is currently 95.24%.
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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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