Red Rock Resorts (RRR) to Release Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Red Rock Resorts to post earnings of $0.51 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.55. Red Rock Resorts had a return on equity of 114.32% and a net margin of 10.21%. The company had revenue of $462.71 million during the quarter, compared to analysts’ expectations of $440.75 million. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts expect Red Rock Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Red Rock Resorts Stock Performance

RRR opened at $54.37 on Monday. Red Rock Resorts has a 12-month low of $37.82 and a 12-month high of $63.28. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.81 and a beta of 2.08. The business has a 50 day moving average of $57.88 and a 200-day moving average of $52.26. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 13.54.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. Red Rock Resorts’s payout ratio is 33.90%.

Insiders Place Their Bets

In other Red Rock Resorts news, CFO Stephen Lawrence Cootey sold 7,520 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.74, for a total transaction of $434,204.80. Following the transaction, the chief financial officer now owns 243,808 shares in the company, valued at approximately $14,077,473.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 53.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Red Rock Resorts from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. increased their target price on Red Rock Resorts from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Macquarie upgraded Red Rock Resorts from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $58.00 in a research note on Wednesday, January 17th. Truist Financial increased their target price on Red Rock Resorts from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company increased their target price on Red Rock Resorts from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Red Rock Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $61.67.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.