Full House Resorts (NASDAQ:FLL) Announces Quarterly Earnings Results

Full House Resorts (NASDAQ:FLL - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.02, Zacks reports. Full House Resorts had a negative return on equity of 66.86% and a negative net margin of 14.64%. The business had revenue of $65.36 million during the quarter, compared to analysts' expectations of $80.96 million.

Full House Resorts Trading Up 9.9%

Shares of FLL traded up $0.33 on Tuesday, hitting $3.67. 276,465 shares of the stock traded hands, compared to its average volume of 137,267. The firm has a market capitalization of $132.03 million, a P/E ratio of -3.11 and a beta of 1.70. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 9.04. Full House Resorts has a 1 year low of $2.86 and a 1 year high of $5.90. The stock's 50 day moving average is $3.59 and its two-hundred day moving average is $4.36.

Insider Buying and Selling at Full House Resorts

In related news, Director Eric J. Green purchased 25,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $3.40 per share, with a total value of $85,000.00. Following the completion of the purchase, the director now directly owns 203,523 shares in the company, valued at approximately $691,978.20. This trade represents a 14.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 9.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

FLL has been the subject of several recent research reports. UBS Group set a $5.00 target price on shares of Full House Resorts in a report on Friday, March 7th. JMP Securities dropped their price objective on shares of Full House Resorts from $5.00 to $4.00 and set a "market outperform" rating for the company in a research note on Friday. Citigroup reaffirmed an "outperform" rating on shares of Full House Resorts in a research note on Friday, March 7th. Finally, StockNews.com raised Full House Resorts from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $5.67.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.