Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect Monarch Casino & Resort to post earnings of $1.04 per share and revenue of $122.70 million for the quarter.
Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same period last year, the firm posted $1.03 EPS. On average, analysts expect Monarch Casino & Resort to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Monarch Casino & Resort Stock Performance
NASDAQ:MCRI traded up $0.52 during trading hours on Friday, hitting $74.62. The company's stock had a trading volume of 73,546 shares, compared to its average volume of 118,508. Monarch Casino & Resort has a 52-week low of $64.50 and a 52-week high of $96.11. The business's 50-day moving average is $84.21 and its two-hundred day moving average is $82.18. The company has a market capitalization of $1.38 billion, a PE ratio of 15.07 and a beta of 1.57.
Analysts Set New Price Targets
MCRI has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Monarch Casino & Resort from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Jefferies Financial Group increased their target price on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Wells Fargo & Company upped their target price on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. StockNews.com lowered Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Truist Financial raised Monarch Casino & Resort from a "hold" rating to a "buy" rating and increased their target price for the stock from $82.00 to $100.00 in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.20.
View Our Latest Stock Analysis on Monarch Casino & Resort
Monarch Casino & Resort Company Profile
(
Get Free Report)
Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.
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