Monarch Casino & Resort (MCRI) to Release Earnings on Wednesday

Monarch Casino & Resort (NASDAQ:MCRI) will be posting its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Monarch Casino & Resort to post earnings of $0.98 per share for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.11). Monarch Casino & Resort had a return on equity of 17.41% and a net margin of 16.44%. The firm had revenue of $128.19 million during the quarter, compared to analysts’ expectations of $119.33 million. 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 Trading Down 0.0 %

Shares of NASDAQ:MCRI opened at $70.55 on Tuesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 16.80 and a beta of 1.66. Monarch Casino & Resort has a 52-week low of $56.25 and a 52-week high of $77.19. The business has a 50-day moving average price of $70.80 and a 200-day moving average price of $66.96. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

MCRI has been the topic of several analyst reports. Truist Financial raised their target price on Monarch Casino & Resort from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 target price on shares of Monarch Casino & Resort in a report on Friday, January 5th. Finally, StockNews.com raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Saturday, March 9th.

Institutional Trading of Monarch Casino & Resort

Several institutional investors have recently bought and sold shares of MCRI. Vanguard Group Inc. boosted its stake in shares of Monarch Casino & Resort by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 1,059,127 shares of the company’s stock worth $73,239,000 after acquiring an additional 33,849 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Monarch Casino & Resort in the fourth quarter worth approximately $236,000. Barclays PLC boosted its stake in shares of Monarch Casino & Resort by 83.0% in the fourth quarter. Barclays PLC now owns 31,650 shares of the company’s stock worth $2,189,000 after acquiring an additional 14,355 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Monarch Casino & Resort by 10.1% in the fourth quarter. Voya Investment Management LLC now owns 14,038 shares of the company’s stock worth $971,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Oberweis Asset Management Inc. boosted its stake in shares of Monarch Casino & Resort by 8.7% in the fourth quarter. Oberweis Asset Management Inc. now owns 58,500 shares of the company’s stock worth $4,045,000 after acquiring an additional 4,700 shares during the last quarter. 62.37% of the stock is owned by institutional investors and hedge funds.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.