Brokerages expect that Red Rock Resorts Inc (NASDAQ:RRR) will post earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Red Rock Resorts’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.35. Red Rock Resorts reported earnings per share of $0.33 in the same quarter last year, which indicates a negative year-over-year growth rate of 27.3%. The company is expected to issue its next earnings report on Tuesday, July 30th.
On average, analysts expect that Red Rock Resorts will report full-year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $1.42. For the next fiscal year, analysts forecast that the firm will report earnings of $1.44 per share, with EPS estimates ranging from $0.87 to $1.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Red Rock Resorts.
Red Rock Resorts (NASDAQ:RRR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16). The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $445.50 million. Red Rock Resorts had a return on equity of 10.08% and a net margin of 6.89%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share.
Shares of Red Rock Resorts stock traded down $0.13 during trading on Friday, reaching $22.90. The company’s stock had a trading volume of 350,666 shares, compared to its average volume of 543,609. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market capitalization of $2.67 billion, a PE ratio of 17.48 and a beta of 2.11. Red Rock Resorts has a one year low of $18.78 and a one year high of $36.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 13th. Red Rock Resorts’s dividend payout ratio (DPR) is presently 30.53%.
In other Red Rock Resorts news, insider Joseph J. Hasson sold 42,293 shares of Red Rock Resorts stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.42, for a total transaction of $1,159,674.06. Following the sale, the insider now directly owns 58,921 shares of the company’s stock, valued at $1,615,613.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph J. Hasson sold 12,891 shares of Red Rock Resorts stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $23.24, for a total value of $299,586.84. Following the sale, the insider now directly owns 12,891 shares in the company, valued at $299,586.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,612 shares of company stock worth $3,787,280. 0.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. boosted its holdings in shares of Red Rock Resorts by 10.6% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 6,572,518 shares of the company’s stock worth $133,488,000 after acquiring an additional 629,672 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Red Rock Resorts by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,469,688 shares of the company’s stock worth $172,417,000 after acquiring an additional 552,550 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Red Rock Resorts by 2.9% in the 4th quarter. Cohen & Steers Inc. now owns 5,919,209 shares of the company’s stock worth $120,219,000 after acquiring an additional 165,784 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Red Rock Resorts by 0.4% in the 1st quarter. BlackRock Inc. now owns 4,687,409 shares of the company’s stock worth $121,170,000 after acquiring an additional 19,812 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Red Rock Resorts by 28.1% in the 4th quarter. FMR LLC now owns 2,613,546 shares of the company’s stock worth $53,081,000 after acquiring an additional 573,066 shares in the last quarter. 63.91% of the stock is currently owned by institutional investors.
About Red Rock Resorts
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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