Wall Street analysts expect Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to post earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Monarch Casino & Resort’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.41. Monarch Casino & Resort reported earnings of $0.31 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 35.5%. The business is expected to issue its next quarterly earnings results on Tuesday, February 19th.

On average, analysts expect that Monarch Casino & Resort will report full-year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.85 to $1.87. For the next fiscal year, analysts anticipate that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.10 to $2.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Monarch Casino & Resort.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Wednesday, October 24th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Monarch Casino & Resort had a net margin of 13.20% and a return on equity of 11.79%. The firm had revenue of $64.36 million during the quarter, compared to analyst estimates of $65.15 million.

MCRI has been the subject of a number of research reports. BidaskClub raised shares of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.00.

Shares of Monarch Casino & Resort stock traded up $0.86 on Friday, reaching $40.16. 58,600 shares of the company traded hands, compared to its average volume of 59,834. Monarch Casino & Resort has a 52 week low of $37.05 and a 52 week high of $49.63. The company has a market capitalization of $703.24 million, a P/E ratio of 27.32, a P/E/G ratio of 1.69 and a beta of 1.28. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.24.

In other Monarch Casino & Resort news, President Bob Farahi acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average cost of $44.84 per share, with a total value of $358,720.00. Following the acquisition, the president now owns 419,408 shares in the company, valued at $18,806,254.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCRI. Cutler Group LP boosted its holdings in Monarch Casino & Resort by 609.8% in the 2nd quarter. Cutler Group LP now owns 2,549 shares of the company’s stock worth $112,000 after buying an additional 3,049 shares during the period. Piedmont Investment Advisors LLC bought a new position in Monarch Casino & Resort in the 2nd quarter worth approximately $117,000. SG Americas Securities LLC bought a new position in Monarch Casino & Resort in the 2nd quarter worth approximately $182,000. TD Asset Management Inc. bought a new position in Monarch Casino & Resort in the 2nd quarter worth approximately $203,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Monarch Casino & Resort in the 2nd quarter worth approximately $206,000. 60.34% of the stock is owned by institutional investors.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 5, 2018, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

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Earnings History and Estimates for Monarch Casino & Resort (NASDAQ:MCRI)

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