Red Rock Resorts (RRR) Expected to Announce Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR - Get Free Report) is projected to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect Red Rock Resorts to post earnings of $0.42 per share and revenue of $490.20 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The business had revenue of $468.02 million during the quarter, compared to analyst estimates of $460.73 million. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%. During the same period in the previous year, the business earned $0.60 EPS. On average, analysts expect Red Rock Resorts to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Red Rock Resorts Stock Performance

Red Rock Resorts stock traded up $0.37 during mid-day trading on Friday, reaching $49.25. 1,360,261 shares of the stock traded hands, compared to its average volume of 619,482. Red Rock Resorts has a 12-month low of $42.46 and a 12-month high of $63.28. The business's 50-day moving average is $47.31 and its 200-day moving average is $51.54. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The stock has a market capitalization of $5.20 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 5.30 and a beta of 2.02.

Analyst Ratings Changes

Several equities research analysts have recently commented on RRR shares. Macquarie reduced their price target on shares of Red Rock Resorts from $65.00 to $64.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JMP Securities reduced their target price on shares of Red Rock Resorts from $61.00 to $57.00 and set a "market outperform" rating for the company in a report on Thursday, January 16th. Truist Financial dropped their price target on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Barclays lowered their price target on shares of Red Rock Resorts from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on Red Rock Resorts from $64.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $57.25.

Red Rock Resorts Company Profile

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.