Wall Street analysts expect Red Rock Resorts, Inc. (NASDAQ:RRR) to post earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Red Rock Resorts’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.29. Red Rock Resorts reported earnings of $0.37 per share in the same quarter last year, which would indicate a negative year over year growth rate of 29.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.

On average, analysts expect that Red Rock Resorts will report full year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.34. For the next financial year, analysts forecast that the business will post earnings of $1.12 per share, with EPS estimates ranging from $0.72 to $1.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Red Rock Resorts.

Several brokerages have issued reports on RRR. Bank of America Corporation increased their target price on shares of Red Rock Resorts from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Union Gaming Research cut shares of Red Rock Resorts from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a report on Thursday, November 9th. Deutsche Bank AG increased their target price on shares of Red Rock Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.06.

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Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its position in shares of Red Rock Resorts by 302.0% during the third quarter. Cubist Systematic Strategies LLC now owns 5,801 shares of the company’s stock valued at $134,000 after buying an additional 4,358 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Red Rock Resorts by 154.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock valued at $140,000 after buying an additional 3,623 shares during the last quarter. Advisor Group Inc. raised its position in shares of Red Rock Resorts by 7,476.6% in the 2nd quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock valued at $191,000 after purchasing an additional 8,000 shares during the last quarter. UBS Group AG raised its position in shares of Red Rock Resorts by 340.6% in the 1st quarter. UBS Group AG now owns 8,698 shares of the company’s stock valued at $193,000 after purchasing an additional 6,724 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Red Rock Resorts by 123.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock valued at $201,000 after purchasing an additional 4,705 shares during the last quarter. 61.15% of the stock is owned by institutional investors and hedge funds.

Shares of Red Rock Resorts (NASDAQ RRR) traded up $0.26 during trading on Friday, reaching $26.86. 561,600 shares of the company’s stock traded hands, compared to its average volume of 679,599. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 4.41. Red Rock Resorts has a one year low of $20.87 and a one year high of $27.31. The company has a market cap of $3,087.73, a PE ratio of 18.86, a price-to-earnings-growth ratio of 15.58 and a beta of 0.80.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, November 14th. Red Rock Resorts’s payout ratio is 90.91%.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

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