Monarch Casino & Resort (MCRI) Earns Daily Media Impact Rating of 0.25
News coverage about Monarch Casino & Resort (NASDAQ:MCRI) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Monarch Casino & Resort earned a news impact score of 0.25 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.7779321916923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Monarch Casino & Resort (MCRI) traded down $0.51 on Friday, hitting $44.95. 28,100 shares of the stock were exchanged, compared to its average volume of 44,667. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17. Monarch Casino & Resort has a fifty-two week low of $22.99 and a fifty-two week high of $46.51. The stock has a market cap of $804.66, a PE ratio of 29.91 and a beta of 1.09.
Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. The business had revenue of $63.03 million during the quarter, compared to analysts’ expectations of $60.05 million. equities analysts expect that Monarch Casino & Resort will post 1.51 earnings per share for the current year.
A number of equities research analysts have recently issued reports on MCRI shares. Union Gaming Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, October 11th. ValuEngine downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Imperial Capital lifted their price target on shares of Monarch Casino & Resort from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Monarch Casino & Resort presently has a consensus rating of “Buy” and an average target price of $53.25.
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In other Monarch Casino & Resort news, major shareholder Ben Farahi sold 18,600 shares of Monarch Casino & Resort stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $43.76, for a total value of $813,936.00. Following the completion of the sale, the insider now directly owns 1,107,172 shares of the company’s stock, valued at approximately $48,449,846.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.56% of the company’s stock.
About Monarch Casino & Resort
Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.
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