Wall Street analysts expect Red Rock Resorts Inc (NASDAQ:RRR) to announce earnings of $0.33 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Red Rock Resorts’ earnings, with estimates ranging from $0.25 to $0.43. Red Rock Resorts posted earnings per share of $0.41 during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.5%. The business is expected to report its next earnings results on Tuesday, May 7th.

On average, analysts expect that Red Rock Resorts will report full year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.50. For the next financial year, analysts forecast that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $1.08 to $1.95. Zacks’ EPS averages are an average based on a survey of research analysts that follow Red Rock Resorts.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Red Rock Resorts had a net margin of 9.37% and a return on equity of 12.06%. The company had revenue of $431.47 million for the quarter, compared to analyst estimates of $408.61 million. During the same quarter last year, the business earned $0.35 EPS. Red Rock Resorts’s revenue for the quarter was up 7.8% on a year-over-year basis.

A number of research analysts recently weighed in on the company. BidaskClub cut Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Nomura upped their price target on Red Rock Resorts to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research lowered Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, Deutsche Bank restated a “buy” rating and issued a $30.00 price objective on shares of Red Rock Resorts in a report on Wednesday, February 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.20.

In other Red Rock Resorts news, insider Joseph J. Hasson sold 42,293 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.42, for a total value of $1,159,674.06. Following the completion of the transaction, the insider now owns 58,921 shares in the company, valued at approximately $1,615,613.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph J. Hasson sold 56,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.74, for a total transaction of $1,449,162.00. The disclosure for this sale can be found here. Insiders sold 131,721 shares of company stock valued at $3,487,693 in the last three months. Company insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of RRR. Shellback Capital LP acquired a new stake in Red Rock Resorts during the 4th quarter valued at $1,715,000. Thrivent Financial for Lutherans purchased a new position in Red Rock Resorts in the 4th quarter valued at about $27,092,000. Vanguard Group Inc grew its stake in shares of Red Rock Resorts by 9.3% during the third quarter. Vanguard Group Inc now owns 6,469,688 shares of the company’s stock valued at $172,417,000 after acquiring an additional 552,550 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Red Rock Resorts by 59.7% during the third quarter. Deutsche Bank AG now owns 665,463 shares of the company’s stock valued at $17,733,000 after acquiring an additional 248,732 shares in the last quarter. Finally, Man Group plc increased its position in shares of Red Rock Resorts by 106.9% during the third quarter. Man Group plc now owns 50,688 shares of the company’s stock worth $1,351,000 after acquiring an additional 26,185 shares during the last quarter. Institutional investors own 63.61% of the company’s stock.

Shares of RRR stock traded down $0.34 on Thursday, reaching $26.59. 2,095 shares of the stock were exchanged, compared to its average volume of 446,742. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.45. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 20.30 and a beta of 2.15. Red Rock Resorts has a 1-year low of $18.78 and a 1-year high of $36.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.50%. Red Rock Resorts’s dividend payout ratio is currently 30.53%.

About Red Rock Resorts

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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