Red Rock Resorts, Inc. (RRR) To Go Ex-Dividend on December 15th

Red Rock Resorts, Inc. (NASDAQ:RRR) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.26 per share on Thursday, December 31st. This represents a $1.04 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Red Rock Resorts has increased its dividend payment by an average of 0.8% annually over the last three years. Red Rock Resorts has a dividend payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Red Rock Resorts to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.5%.

Red Rock Resorts Trading Down 5.3%

NASDAQ:RRR opened at $48.66 on Thursday. Red Rock Resorts has a 12-month low of $47.42 and a 12-month high of $68.99. The firm has a market cap of $5.11 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 4.72 and a beta of 1.42. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 12.33. The stock has a fifty day moving average price of $51.96 and a 200 day moving average price of $57.99.

Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.62). Red Rock Resorts had a net margin of 5.79% and a return on equity of 44.10%. The business had revenue of $488.70 million during the quarter, compared to analyst estimates of $478.13 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Red Rock Resorts will post 1.54 earnings per share for the current fiscal year.

More Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Red Rock plans to invest $430 million in Durango North, targeting a Q3 2027 opening and a 20% return on investment. The project offers a potential longer-term growth driver, though it requires substantial upfront spending. Article
• Positive Sentiment: The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a roughly 2.1% yield at the cited share price. Dividend announcement
• Neutral Sentiment: Analysts continued to express support after the post-earnings decline. JPMorgan cut its price target to $64 but kept an Overweight rating; Citizens JMP lowered its target slightly to $70 while maintaining Market Outperform. The ratings remain favorable, but the target reductions suggest more cautious expectations. Analyst support article
• Negative Sentiment: Q3 revenue rose 2.8% year over year to $488.7 million and exceeded estimates, but earnings per share fell short of consensus and were down from $0.68 a year earlier. The earnings miss appears to be the key driver of the post-results selling. Q3 results

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, entertainment and hospitality company based in Las Vegas, Nevada. Through its principal operating subsidiary, Station Casinos, the company develops, owns and operates casino resorts and other gaming properties, primarily serving the Las Vegas locals market.

Its portfolio includes destination-style properties such as Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, and Durango Casino & Resort, along with neighborhood casinos including Palace Station, Boulder Station, Santa Fe Station and several Wildfire locations.