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

Red Rock Resorts (NASDAQ:RRR) announced its quarterly earnings data on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Up 1.0 %

NASDAQ RRR traded up $0.51 during trading hours on Tuesday, hitting $50.92. 1,090,467 shares of the company were exchanged, compared to its average volume of 644,700. The company has a 50 day moving average of $47.28 and a two-hundred day moving average of $51.40. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. Red Rock Resorts has a 52-week low of $42.46 and a 52-week high of $63.28. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 5.28 and a beta of 2.02.

Analysts Set New Price Targets

Several research firms recently commented on RRR. Barclays dropped their target price on Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group reaffirmed 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. Macquarie dropped their target price 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. Susquehanna dropped their target price on Red Rock Resorts from $66.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.25.

About Red Rock Resorts

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.