Wall Street brokerages expect Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to report sales of $56.40 million for the current quarter, according to Zacks. Two analysts have issued estimates for Monarch Casino & Resort’s earnings, with the highest sales estimate coming in at $58.20 million and the lowest estimate coming in at $54.60 million. Monarch Casino & Resort reported sales of $56.06 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 19th.
On average, analysts expect that Monarch Casino & Resort will report full year sales of $236.90 million for the current financial year, with estimates ranging from $235.10 million to $238.70 million. For the next fiscal year, analysts forecast that the company will post sales of $273.70 million, with estimates ranging from $273.00 million to $274.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Monarch Casino & Resort.
Monarch Casino & Resort (NASDAQ:MCRI) last posted its earnings results on Wednesday, October 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $64.36 million during the quarter, compared to the consensus estimate of $65.15 million. Monarch Casino & Resort had a net margin of 13.20% and a return on equity of 11.79%.
NASDAQ MCRI traded down $1.11 on Monday, reaching $39.05. 40,773 shares of the company’s stock traded hands, compared to its average volume of 49,214. The company has a market capitalization of $718.63 million, a PE ratio of 26.56, a P/E/G ratio of 1.73 and a beta of 1.28. Monarch Casino & Resort has a fifty-two week low of $37.05 and a fifty-two week high of $49.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.78 and a quick ratio of 0.72.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCRI. BlackRock Inc. lifted its position in Monarch Casino & Resort by 6.5% during the second quarter. BlackRock Inc. now owns 1,654,865 shares of the company’s stock valued at $72,898,000 after purchasing an additional 101,600 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Monarch Casino & Resort in the third quarter worth about $3,154,000. Vanguard Group Inc. raised its position in shares of Monarch Casino & Resort by 5.3% in the third quarter. Vanguard Group Inc. now owns 697,819 shares of the company’s stock worth $31,716,000 after acquiring an additional 35,341 shares during the period. Brasada Capital Management LP raised its position in shares of Monarch Casino & Resort by 20.1% in the third quarter. Brasada Capital Management LP now owns 103,262 shares of the company’s stock worth $4,693,000 after acquiring an additional 17,309 shares during the period. Finally, Northern Trust Corp raised its position in shares of Monarch Casino & Resort by 6.0% in the second quarter. Northern Trust Corp now owns 200,079 shares of the company’s stock worth $8,815,000 after acquiring an additional 11,408 shares during the period. Institutional investors own 60.34% of the company’s stock.
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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