Red Rock Resorts, Inc. (NASDAQ:RRR) Stock to Pay Quarterly Dividend of $0.26

Red Rock Resorts, Inc. (NASDAQ:RRR) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.26 per share on Thursday, December 31st. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

Red Rock Resorts has raised its dividend payment by an average of 0.8% per year over the last three years. Red Rock Resorts has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Red Rock Resorts to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.5%.

Red Rock Resorts Trading Down 0.3%

Shares of Red Rock Resorts stock opened at $51.39 on Wednesday. The company has a debt-to-equity ratio of 12.33, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a 50-day moving average of $52.18 and a 200-day moving average of $58.06. Red Rock Resorts has a 52-week low of $47.42 and a 52-week high of $68.99. The stock has a market cap of $5.40 billion, a PE ratio of 18.16, a PEG ratio of 4.25 and a beta of 1.42.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.62). Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%. The business had revenue of $488.70 million for the quarter, compared to the consensus estimate of $478.13 million. During the same period in the prior year, the business posted $0.68 earnings per share. Red Rock Resorts’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Red Rock Resorts will post 1.54 EPS for the current year.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, entertainment and hospitality company based in Las Vegas, Nevada. Through its principal operating subsidiary, Station Casinos, the company develops, owns and operates casino resorts and other gaming properties, primarily serving the Las Vegas locals market.

Its portfolio includes destination-style properties such as Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, and Durango Casino & Resort, along with neighborhood casinos including Palace Station, Boulder Station, Santa Fe Station and several Wildfire locations.