Red Rock Resorts (NASDAQ:RRR - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.76 earnings per share 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 NASDAQ RRR traded up $0.69 during trading hours on Friday, reaching $52.79. 620,794 shares of the stock were exchanged, compared to its average volume of 573,413. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 5.28 and a beta of 2.02. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02. Red Rock Resorts has a 52 week low of $42.46 and a 52 week high of $63.28. The stock's fifty day simple moving average is $47.44 and its 200 day simple moving average is $51.28.
Red Rock Resorts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. Red Rock Resorts's dividend payout ratio (DPR) is currently 37.04%.
Wall Street Analyst Weigh In
Several 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. Susquehanna increased 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. Barclays reduced their price target on Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Stifel Nicolaus increased their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, Truist Financial reduced their price target on 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. Seven 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.com, Red Rock Resorts presently has an average rating of "Hold" and a consensus price target of $57.33.
Read Our Latest Report on Red Rock Resorts
Red Rock Resorts Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Red Rock Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Red Rock Resorts wasn't on the list.
While Red Rock Resorts currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
