Red Rock Resorts (RRR) Scheduled to Post Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Parties that wish to register for the company’s 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 EPS for the quarter, beating the consensus estimate of $0.40 by $0.55. The firm had revenue of $462.71 million for the quarter, compared to the consensus estimate of $440.75 million. Red Rock Resorts had a net margin of 10.21% and a return on equity of 114.32%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. 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

NASDAQ RRR opened at $54.37 on Friday. Red Rock Resorts has a 52-week low of $37.82 and a 52-week high of $63.28. The stock has a market cap of $5.72 billion, a PE ratio of 18.43, a P/E/G ratio of 2.77 and a beta of 2.08. The firm has a 50-day moving average of $57.88 and a 200-day moving average of $52.19. The company has a debt-to-equity ratio of 13.54, a quick ratio of 0.76 and a current ratio of 0.81.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is currently 33.90%.

Insider Activity at Red Rock Resorts

In other news, CFO Stephen Lawrence Cootey sold 7,520 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.74, for a total value of $434,204.80. Following the transaction, the chief financial officer now directly owns 243,808 shares of the company’s stock, valued at approximately $14,077,473.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 53.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RRR shares. JMP Securities boosted their price target on Red Rock Resorts from $61.00 to $66.00 and gave the company a “market outperform” rating in a research note on Friday, April 19th. 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 report on Monday, April 1st. Barclays boosted their price target on Red Rock Resorts from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Susquehanna increased their price objective on shares of Red Rock Resorts from $52.00 to $66.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of Red Rock Resorts from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.67.

About Red Rock Resorts

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.