Red Rock Resorts (NASDAQ:RRR) Announces Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Red Rock Resorts (NASDAQ:RRR) posted its quarterly earnings results on Tuesday. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34, Zacks reports. Red Rock Resorts had a net margin of 8.59% and a return on equity of 73.20%.

Red Rock Resorts Stock Performance

RRR stock traded up $0.51 on Tuesday, hitting $50.92. The company had a trading volume of 1,089,809 shares, compared to its average volume of 644,700. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 5.28 and a beta of 2.02. The stock’s 50-day simple moving average is $47.28 and its 200 day simple moving average is $51.40. Red Rock Resorts has a 12-month low of $42.46 and a 12-month high of $63.28.

Wall Street Analysts Forecast Growth

Several research firms have commented on RRR. Susquehanna decreased their price objective on shares of Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating for the company in a research note on Tuesday, February 4th. Macquarie decreased their price objective on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $51.00 target price (down from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Mizuho lowered shares of Red Rock Resorts from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $57.00 to $44.00 in a report on Monday, November 25th. Finally, Truist Financial lowered their price objective on shares of Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.