Red Rock Resorts Inc (NASDAQ:RRR) – Analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for Red Rock Resorts in a report issued on Wednesday, November 7th. SunTrust Banks analyst B. Jonas now expects that the company will post earnings per share of $1.13 for the year, up from their previous forecast of $1.10. SunTrust Banks has a “Hold” rating and a $25.00 price objective on the stock. SunTrust Banks also issued estimates for Red Rock Resorts’ Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $0.85 EPS and FY2020 earnings at $1.21 EPS.

A number of other research firms also recently commented on RRR. Zacks Investment Research downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 5th. BidaskClub downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 7th. TheStreet downgraded Red Rock Resorts from a “b-” rating to a “c” rating in a report on Monday, September 24th. Finally, ValuEngine downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Red Rock Resorts has an average rating of “Hold” and a consensus price target of $35.38.

RRR opened at $24.11 on Monday. Red Rock Resorts has a one year low of $21.20 and a one year high of $36.99. The stock has a market capitalization of $2.77 billion, a PE ratio of 38.89 and a beta of 1.65. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 3.23.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). Red Rock Resorts had a return on equity of 12.71% and a net margin of 10.84%. The company had revenue of $412.30 million for the quarter, compared to analysts’ expectations of $409.03 million. During the same quarter last year, the company earned $0.16 EPS. Red Rock Resorts’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of Red Rock Resorts by 29.8% in the 1st quarter. Legal & General Group Plc now owns 25,800 shares of the company’s stock valued at $756,000 after purchasing an additional 5,924 shares during the period. Royal Bank of Canada boosted its position in shares of Red Rock Resorts by 47.0% in the 1st quarter. Royal Bank of Canada now owns 64,223 shares of the company’s stock valued at $1,881,000 after purchasing an additional 20,527 shares during the period. First Trust Advisors LP acquired a new stake in shares of Red Rock Resorts in the 2nd quarter valued at about $2,651,000. Victory Capital Management Inc. boosted its position in shares of Red Rock Resorts by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 845,987 shares of the company’s stock valued at $28,340,000 after purchasing an additional 38,690 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of Red Rock Resorts in the 2nd quarter valued at about $5,103,000. Institutional investors and hedge funds own 62.75% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. Red Rock Resorts’s payout ratio is currently 64.52%.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino 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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Earnings History and Estimates for Red Rock Resorts (NASDAQ:RRR)

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