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

Red Rock Resorts (NASDAQ:RRR) will be posting 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 interested in registering for the company’s earnings conference call can do so using this link.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, July 23rd. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.16. Red Rock Resorts had a return on equity of 83.84% and a net margin of 9.21%. The company had revenue of $486.40 million for the quarter, compared to analyst estimates of $475.80 million. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. 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

Shares of RRR 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. Red Rock Resorts has a fifty-two week low of $37.82 and a fifty-two week high of $63.28. The stock’s 50-day moving average is $54.18 and its two-hundred day moving average is $54.20. The firm has a market cap of $5.61 billion, a P/E ratio of 18.44, a PEG ratio of 5.54 and a beta of 2.04.

Analyst Ratings Changes

Several brokerages have weighed in on RRR. Wells Fargo & Company dropped their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 17th. Susquehanna upped their target price on Red Rock Resorts from $63.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their target price on Red Rock Resorts from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on Red Rock Resorts from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. Finally, Barclays increased their price objective on Red Rock Resorts from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.58.

Insider Buying and Selling at Red Rock Resorts

In other Red Rock Resorts news, CEO Frank J. Fertitta III bought 67,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $49.77 per share, with a total value of $3,334,590.00. Following the acquisition, the chief executive officer now directly owns 46,048,301 shares of the company’s stock, valued at $2,291,823,940.77. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Lorenzo J. Fertitta acquired 33,000 shares of Red Rock Resorts stock in a transaction on Monday, August 5th. The stock was bought at an average price of $49.77 per share, for a total transaction of $1,642,410.00. Following the transaction, the vice president now owns 47,546,301 shares of the company’s stock, valued at $2,366,379,400.77. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank J. Fertitta III acquired 67,000 shares of Red Rock Resorts stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $49.77 per share, with a total value of $3,334,590.00. Following the transaction, 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 position. 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.