Analysts expect Red Rock Resorts, Inc. (NASDAQ:RRR) to announce earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Red Rock Resorts’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Red Rock Resorts posted earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 23.3%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Red Rock Resorts will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.05 to $1.30. For the next fiscal year, analysts expect that the firm will report earnings of $1.65 per share, with EPS estimates ranging from $1.59 to $1.75. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Red Rock Resorts.

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Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The business had revenue of $394.02 million during the quarter, compared to analysts’ expectations of $406.75 million. Red Rock Resorts had a net margin of 2.18% and a return on equity of 16.11%.

Several research analysts recently issued reports on RRR shares. Deutsche Bank reissued a “buy” rating and set a $38.00 target price on shares of Red Rock Resorts in a report on Thursday, December 21st. ValuEngine raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut shares of Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research raised shares of Red Rock Resorts from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, January 4th. Finally, Stifel Nicolaus cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and lifted their price objective for the company from $29.00 to $37.00 in a report on Friday, February 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY grew its position in shares of Red Rock Resorts by 13.8% in the fourth quarter. Bamco Inc. NY now owns 8,074,735 shares of the company’s stock valued at $272,442,000 after purchasing an additional 978,754 shares during the period. BlackRock Inc. grew its position in shares of Red Rock Resorts by 2.8% in the fourth quarter. BlackRock Inc. now owns 4,243,952 shares of the company’s stock valued at $143,190,000 after purchasing an additional 117,236 shares during the period. Teachers Advisors LLC grew its position in shares of Red Rock Resorts by 125.5% in the fourth quarter. Teachers Advisors LLC now owns 1,942,818 shares of the company’s stock valued at $65,551,000 after purchasing an additional 1,081,326 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Red Rock Resorts by 46.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,430,059 shares of the company’s stock valued at $48,250,000 after purchasing an additional 451,588 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Red Rock Resorts by 19.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,250,997 shares of the company’s stock valued at $42,209,000 after purchasing an additional 207,555 shares during the period. Institutional investors and hedge funds own 63.22% of the company’s stock.

Shares of Red Rock Resorts stock opened at $28.83 on Monday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.43 and a quick ratio of 1.38. Red Rock Resorts has a 1 year low of $21.41 and a 1 year high of $35.77. The firm has a market cap of $3,349.58, a P/E ratio of 46.50 and a beta of 1.56.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. Red Rock Resorts’s payout ratio is 64.52%.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

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Earnings History and Estimates for Red Rock Resorts (NASDAQ:RRR)

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