Analysts predict that Red Rock Resorts Inc (NASDAQ:RRR) will announce $406.75 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Red Rock Resorts’ earnings. The lowest sales estimate is $403.87 million and the highest is $410.00 million. Red Rock Resorts reported sales of $394.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Red Rock Resorts will report full year sales of $406.75 million for the current year. For the next year, analysts forecast that the company will post sales of $1.64 billion per share, with estimates ranging from $1.59 billion to $1.66 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Red Rock Resorts.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, November 7th. The company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Red Rock Resorts had a return on equity of 15.00% and a net margin of 1.61%. The company had revenue of $400.37 million during the quarter, compared to the consensus estimate of $391.48 million.

RRR has been the subject of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $38.00 target price on shares of Red Rock Resorts in a research report on Thursday, December 21st. Zacks Investment Research downgraded Red Rock Resorts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised Red Rock Resorts from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Union Gaming Research downgraded Red Rock Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Thursday, November 9th. Finally, BidaskClub downgraded Red Rock Resorts from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $30.94.

Several large investors have recently added to or reduced their stakes in RRR. Wells Fargo & Company MN lifted its stake in shares of Red Rock Resorts by 62.8% in the second quarter. Wells Fargo & Company MN now owns 133,006 shares of the company’s stock worth $3,132,000 after acquiring an additional 51,285 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Red Rock Resorts by 92.8% in the second quarter. Alliancebernstein L.P. now owns 98,700 shares of the company’s stock worth $2,324,000 after acquiring an additional 47,500 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Red Rock Resorts in the second quarter worth about $208,000. UBS Asset Management Americas Inc. acquired a new position in shares of Red Rock Resorts in the second quarter worth about $250,000. Finally, Citigroup Inc. lifted its stake in shares of Red Rock Resorts by 121.0% in the second quarter. Citigroup Inc. now owns 11,849 shares of the company’s stock worth $280,000 after acquiring an additional 6,488 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Shares of Red Rock Resorts (NASDAQ:RRR) opened at $31.30 on Friday. Red Rock Resorts has a 1 year low of $20.87 and a 1 year high of $35.77. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $3,640.00 and a PE ratio of 30.39.

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About Red Rock Resorts

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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