Red Rock Resorts (NASDAQ:RRR) Issues Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Red Rock Resorts (NASDAQ:RRR) issued its quarterly earnings data on Tuesday. The company reported $0.76 EPS for the quarter, topping the consensus estimate 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 Stock Performance

Shares of RRR opened at $51.57 on Thursday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 5.28 and a beta of 2.02. Red Rock Resorts has a 52-week low of $42.46 and a 52-week high of $63.28. The stock’s 50-day simple moving average is $47.34 and its 200 day simple moving average is $51.35.

Red Rock Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 37.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Mizuho increased their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday. JMP Securities cut their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a report on Thursday, January 16th. Barclays dropped their target price on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reiterated a “hold” rating and set a $51.00 price target (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Finally, Stifel Nicolaus boosted their price target on shares of Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.33.

About Red Rock Resorts

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.