News coverage about Monarch Casino & Resort (NASDAQ:MCRI) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monarch Casino & Resort earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.3962398039923 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Monarch Casino & Resort (NASDAQ MCRI) opened at $44.14 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08. Monarch Casino & Resort has a 1-year low of $27.43 and a 1-year high of $47.92. The company has a market cap of $791.01, a price-to-earnings ratio of 31.76 and a beta of 1.20.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.10). Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. The company had revenue of $56.06 million during the quarter, compared to the consensus estimate of $57.95 million. sell-side analysts predict that Monarch Casino & Resort will post 1.86 earnings per share for the current fiscal year.

Several research analysts have commented on MCRI shares. ValuEngine lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub lowered shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Jefferies Group started coverage on shares of Monarch Casino & Resort in a report on Thursday, January 18th. They issued an “underperform” rating and a $39.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.80.

In other Monarch Casino & Resort news, President Bob Farahi sold 12,242 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.13, for a total value of $564,723.46. Following the completion of the transaction, the president now directly owns 378,074 shares in the company, valued at approximately $17,440,553.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.56% of the stock is currently owned by corporate insiders.

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Monarch Casino & Resort Company Profile

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.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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