Red Rock Resorts (NASDAQ:RRR) issued its quarterly earnings data on Tuesday. The company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($1.19), MarketWatch Earnings reports. Red Rock Resorts had a negative net margin of 13.48% and a negative return on equity of 2.52%. The company had revenue of $352.90 million for the quarter, compared to the consensus estimate of $325.24 million. During the same quarter last year, the business posted ($2.18) earnings per share. Red Rock Resorts’s revenue was down 6.5% on a year-over-year basis.
Shares of RRR traded up $0.47 during trading hours on Tuesday, hitting $37.25. The company’s stock had a trading volume of 2,117,459 shares, compared to its average volume of 873,595. The business has a 50 day simple moving average of $34.55 and a two-hundred day simple moving average of $27.24. Red Rock Resorts has a 52-week low of $7.51 and a 52-week high of $39.47. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.14 and a quick ratio of 1.08. The company has a market cap of $4.37 billion, a price-to-earnings ratio of -14.44 and a beta of 2.55.
Several research analysts recently weighed in on RRR shares. Truist boosted their price target on shares of Red Rock Resorts from $34.00 to $42.00 in a report on Tuesday, April 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price (up previously from $33.00) on shares of Red Rock Resorts in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft increased their price target on Red Rock Resorts from $34.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, April 16th. JPMorgan Chase & Co. boosted their price objective on Red Rock Resorts from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 10th. Finally, Zacks Investment Research cut Red Rock Resorts from a “hold” rating to a “sell” rating and set a $31.00 target price on the stock. in a research note on Wednesday, February 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.77.
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in the casino, gaming, and entertainment businesses in the United States. It operates in two segments, Las Vegas Operations and Native American Management. The company develops, manages, and operates casino and 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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