Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02), Yahoo Finance reports. Monarch Casino & Resort had a net margin of 16.40% and a return on equity of 17.22%. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $122.13 million. During the same quarter in the prior year, the business posted $0.90 earnings per share.
Monarch Casino & Resort Stock Performance
MCRI traded up $0.51 on Friday, reaching $67.05. 32,935 shares of the stock were exchanged, compared to its average volume of 115,269. The company’s 50-day moving average price is $70.75 and its 200 day moving average price is $67.04. Monarch Casino & Resort has a fifty-two week low of $56.25 and a fifty-two week high of $75.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.61 and a quick ratio of 0.55. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.81 and a beta of 1.66.
Monarch Casino & Resort Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Monarch Casino & Resort’s dividend payout ratio is currently 28.37%.
Wall Street Analyst Weigh In
Read Our Latest Report on Monarch Casino & Resort
Institutional Trading of Monarch Casino & Resort
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Monarch Casino & Resort during the 4th quarter worth approximately $28,000. UBS Group AG increased its stake in Monarch Casino & Resort by 214.2% during the 3rd quarter. UBS Group AG now owns 1,458 shares of the company’s stock worth $82,000 after buying an additional 994 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Monarch Casino & Resort during the 4th quarter worth approximately $108,000. Captrust Financial Advisors increased its stake in Monarch Casino & Resort by 30.0% during the 1st quarter. Captrust Financial Advisors now owns 1,593 shares of the company’s stock worth $139,000 after buying an additional 368 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Monarch Casino & Resort by 190.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,167 shares of the company’s stock worth $189,000 after buying an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.
About Monarch Casino & Resort
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.
Featured Stories
- Five stocks we like better than Monarch Casino & Resort
- What Are the FAANG Stocks and Are They Good Investments?
- Comprehensive Analysis of PayPal Stock
- Health Care Stocks Explained: Why You Might Want to Invest
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- High Flyers: 3 Natural Gas Stocks for March 2022
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Monarch Casino & Resort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort and related companies with MarketBeat.com's FREE daily email newsletter.