Red Rock Resorts (RRR) Set to Announce Earnings on Thursday

Red Rock Resorts (NASDAQ:RRR) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Red Rock Resorts to post earnings of $0.37 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, July 23rd. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. The business had revenue of $486.40 million during the quarter, compared to the consensus estimate of $475.80 million. Red Rock Resorts had a return on equity of 83.84% and a net margin of 9.21%. Red Rock Resorts’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. 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 Price Performance

Red Rock Resorts stock opened at $53.10 on Thursday. The company has a debt-to-equity ratio of 15.15, a current ratio of 0.94 and a quick ratio of 0.89. The company has a market capitalization of $5.61 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 5.54 and a beta of 2.04. Red Rock Resorts has a one year low of $37.82 and a one year high of $63.28. The business has a 50 day simple moving average of $54.18 and a 200 day simple moving average of $54.20.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of Red Rock Resorts in a research report on Monday, October 14th. Truist Financial cut their price objective on Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Red Rock Resorts from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Stifel Nicolaus lifted their price objective on Red Rock Resorts from $59.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Macquarie lifted their price objective on Red Rock Resorts from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Red Rock Resorts has a consensus rating of “Moderate Buy” and an average price target of $62.58.

Insider Activity

In related news, CEO Frank J. Fertitta III acquired 67,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $49.77 per share, with a total value of $3,334,590.00. Following the completion of the purchase, the chief executive officer now directly owns 46,048,301 shares in the company, valued at approximately $2,291,823,940.77. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Frank J. Fertitta III acquired 67,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $49.77 per share, with a total value of $3,334,590.00. Following the completion of the purchase, the chief executive officer now directly owns 46,048,301 shares in the company, valued at approximately $2,291,823,940.77. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lorenzo J. Fertitta acquired 33,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $49.77 per share, with a total value of $1,642,410.00. Following the completion of the purchase, the vice president now owns 47,546,301 shares of the company’s stock, valued at $2,366,379,400.77. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 53.28% of the company’s stock.

Red Rock Resorts Company Profile

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.