Equities analysts forecast that Red Rock Resorts Inc (NASDAQ:RRR) will announce $411.13 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Red Rock Resorts’ earnings. The lowest sales estimate is $408.89 million and the highest is $415.20 million. Red Rock Resorts reported sales of $417.73 million in the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The company is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Red Rock Resorts will report full-year sales of $411.13 million for the current financial year, with estimates ranging from $1.62 billion to $1.64 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.73 billion per share, with estimates ranging from $1.71 billion to $1.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Red Rock Resorts.
Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Red Rock Resorts had a return on equity of 16.11% and a net margin of 2.18%. The company had revenue of $394.02 million for the quarter, compared to analyst estimates of $406.75 million.
Several equities analysts have recently issued reports on the company. Telsey Advisory Group assumed coverage on Red Rock Resorts in a research note on Tuesday. They issued a “market perform” rating and a $32.00 price target on the stock. Zacks Investment Research lowered Red Rock Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $33.00 price target on shares of Red Rock Resorts in a research note on Tuesday, November 28th. ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $35.00 price target on shares of Red Rock Resorts in a research note on Tuesday, November 28th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Red Rock Resorts by 763.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,964 shares of the company’s stock valued at $134,000 after acquiring an additional 3,505 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Red Rock Resorts by 302.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,801 shares of the company’s stock valued at $134,000 after acquiring an additional 4,358 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Red Rock Resorts during the 4th quarter valued at $211,000. Guggenheim Capital LLC acquired a new stake in shares of Red Rock Resorts during the 4th quarter valued at $224,000. Finally, Solstein Capital LLC acquired a new stake in shares of Red Rock Resorts during the 4th quarter valued at $280,000. 63.24% of the stock is currently owned by institutional investors.
Red Rock Resorts (NASDAQ RRR) opened at $31.98 on Thursday. Red Rock Resorts has a 52 week low of $21.07 and a 52 week high of $35.77. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $3,720.21, a price-to-earnings ratio of 23.37 and a beta of 1.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Red Rock Resorts’s dividend payout ratio (DPR) is 95.24%.
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Red Rock Resorts Company Profile
Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.
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