Media stories about Monarch Casino & Resort (NASDAQ:MCRI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monarch Casino & Resort earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the company an impact score of 43.6128883966622 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Monarch Casino & Resort (MCRI) to Release Earnings on Monday (americanbankingnews.com)
- Monarch Casino & Resort (MCRI) PT Raised to $38.00 (americanbankingnews.com)
- Monarch Casino & Resort (MCRI) Earns “Hold” Rating from Stifel Nicolaus (americanbankingnews.com)
- Zacks Investment Research Upgrades Monarch Casino & Resort (MCRI) to “Buy” (americanbankingnews.com)
- Monarch Casino & Resort, Inc. (MCRI) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
MCRI has been the topic of several research analyst reports. Zacks Investment Research cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub cut shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Jefferies Group began coverage on shares of Monarch Casino & Resort in a report on Thursday, January 18th. They issued an “underperform” rating and a $39.00 price target on the stock. Finally, ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Monarch Casino & Resort currently has a consensus rating of “Hold” and a consensus price target of $50.80.
Shares of NASDAQ:MCRI opened at $42.48 on Tuesday. Monarch Casino & Resort has a 52-week low of $28.47 and a 52-week high of $47.92. The firm has a market capitalization of $730.20, a P/E ratio of 28.90 and a beta of 1.24. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.
Monarch Casino & Resort (NASDAQ:MCRI) last announced its earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.10). Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. The company had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $57.95 million. sell-side analysts predict that Monarch Casino & Resort will post 1.84 EPS for the current year.
In related news, CEO John Farahi sold 14,519 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $46.27, for a total value of $671,794.13. Following the completion of the transaction, the chief executive officer now directly owns 1,763,340 shares in the company, valued at $81,589,741.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig F. Sullivan sold 4,883 shares of the company’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $31.04, for a total transaction of $151,568.32. The disclosure for this sale can be found here. Insiders sold 22,942 shares of company stock valued at $979,687 over the last quarter. 27.56% of the stock is owned by company insiders.
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 5, 2018, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.
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