Red Rock Resorts (NASDAQ:RRR) Posts Earnings Results, Beats Expectations By $0.34 EPS

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

Red Rock Resorts Price Performance

Red Rock Resorts stock opened at $50.92 on Wednesday. Red Rock Resorts has a 1 year low of $42.46 and a 1 year high of $63.28. 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 firm has a market capitalization of $5.38 billion, a P/E ratio of 18.86, a PEG ratio of 5.28 and a beta of 2.02. The business has a 50-day moving average of $47.30 and a 200-day moving average of $51.35.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Susquehanna lowered their price objective on Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday, February 4th. Macquarie lowered their price objective on 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. Truist Financial lowered their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $51.00 price objective (down from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.