Full House Resorts (NASDAQ:FLL) Issues Earnings Results, Beats Expectations By $0.02 EPS

Full House Resorts (NASDAQ:FLL - Get Free Report) released its earnings results on Thursday, May 8th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.02, Zacks reports. Full House Resorts had a negative net margin of 14.64% and a negative return on equity of 66.86%. The business had revenue of $65.36 million during the quarter, compared to analysts' expectations of $80.96 million.

Full House Resorts Stock Performance

FLL traded up $0.01 on Thursday, reaching $3.63. The company had a trading volume of 83,256 shares, compared to its average volume of 137,505. The stock has a 50-day moving average price of $3.58 and a 200-day moving average price of $4.35. The stock has a market capitalization of $130.41 million, a PE ratio of -3.09 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.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FLL. Citigroup reiterated an "outperform" rating on shares of Full House Resorts in a research report on Friday, March 7th. StockNews.com upgraded Full House Resorts from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. UBS Group set a $5.00 target price on Full House Resorts in a research note on Friday, March 7th. Finally, JMP Securities dropped their target price on Full House Resorts from $5.00 to $4.00 and set a "market outperform" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Full House Resorts currently has a consensus rating of "Buy" and a consensus target price of $5.67.

Insider Buying and Selling at Full House Resorts

In other Full House Resorts news, Director Eric J. Green purchased 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $85,000.00. Following the completion of the acquisition, the director now owns 203,523 shares of the company's stock, valued at approximately $691,978.20. This represents a 14.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by insiders.

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.