Full House Resorts (NASDAQ:FLL) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Full House Resorts (NASDAQ:FLL) posted its quarterly earnings results on Thursday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01), Zacks reports. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.The firm had revenue of $77.95 million during the quarter, compared to analyst estimates of $76.40 million.

Full House Resorts Price Performance

NASDAQ:FLL traded up $0.01 during mid-day trading on Friday, reaching $2.63. 181,358 shares of the stock were exchanged, compared to its average volume of 206,896. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 22.08. The business has a fifty day moving average price of $3.01 and a 200 day moving average price of $3.49. Full House Resorts has a 1-year low of $2.30 and a 1-year high of $5.59. The firm has a market capitalization of $94.97 million, a PE ratio of -2.29 and a beta of 1.61.

Insiders Place Their Bets

In related news, Director Eric J. Green acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $3.54 per share, for a total transaction of $35,400.00. Following the transaction, the director owned 233,959 shares of the company’s stock, valued at approximately $828,214.86. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Full House Resorts by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock valued at $5,135,000 after acquiring an additional 39,075 shares in the last quarter. Jane Street Group LLC raised its stake in Full House Resorts by 1,685.4% during the 2nd quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock valued at $839,000 after purchasing an additional 216,458 shares during the period. Mink Brook Asset Management LLC purchased a new stake in shares of Full House Resorts in the second quarter valued at $739,000. Marshall Wace LLP purchased a new position in Full House Resorts during the 2nd quarter valued at about $681,000. Finally, Curi Capital LLC purchased a new stake in shares of Full House Resorts in the second quarter worth approximately $431,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Full House Resorts in a report on Wednesday, October 8th. Citizens Jmp lowered their price objective on shares of Full House Resorts from $5.00 to $4.00 and set a “market outperform” rating for the company in a research report on Friday. JMP Securities upped their target price on Full House Resorts from $4.00 to $5.00 and gave the company a “market outperform” rating in a report on Friday, July 18th. Finally, Macquarie restated a “neutral” rating and set a $4.00 price objective on shares of Full House Resorts in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.50.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.