Red Rock Resorts (NASDAQ:RRR) Releases Quarterly Earnings Results

Red Rock Resorts (NASDAQ:RRR) issued its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.34, Zacks reports. Red Rock Resorts had a return on equity of 73.20% and a net margin of 8.59%.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock opened at $51.57 on Thursday. The firm has a market cap of $5.45 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. The company’s fifty day simple moving average is $47.34 and its two-hundred day simple moving average is $51.35. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. Red Rock Resorts has a 12-month low of $42.46 and a 12-month high of $63.28.

Red Rock Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 1.94%. Red Rock Resorts’s payout ratio is currently 37.04%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RRR shares. Truist Financial dropped their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Stifel Nicolaus upped their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday. Susquehanna raised their price target on Red Rock Resorts from $60.00 to $61.00 and gave the company a “positive” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Finally, Macquarie decreased their price objective on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.33.

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.