Monarch Casino & Resort (MCRI) Expected to Announce Quarterly Earnings on Wednesday

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, July 16th. Analysts expect Monarch Casino & Resort to post earnings of $1.22 per share and revenue of $129.76 million for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.22. Monarch Casino & Resort had a return on equity of 19.14% and a net margin of 18.70%. The firm had revenue of $136.91 million during the quarter, compared to the consensus estimate of $129.76 million. On average, analysts expect Monarch Casino & Resort to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Monarch Casino & Resort Price Performance

MCRI stock traded up $0.52 during trading on Friday, reaching $105.35. 14,981 shares of the stock traded hands, compared to its average volume of 111,276. The business's 50 day moving average price is $85.32 and its 200-day moving average price is $83.30. Monarch Casino & Resort has a 52-week low of $67.14 and a 52-week high of $113.88. The firm has a market capitalization of $1.95 billion, a PE ratio of 19.87 and a beta of 1.54.

Monarch Casino & Resort Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Friday, August 29th. Monarch Casino & Resort's dividend payout ratio is presently 22.56%.

Analyst Upgrades and Downgrades

MCRI has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Monarch Casino & Resort from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Monarch Casino & Resort from $81.00 to $92.00 and gave the stock a "hold" rating in a research note on Thursday. Wall Street Zen upgraded Monarch Casino & Resort from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Wells Fargo & Company upgraded Monarch Casino & Resort from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $83.00 to $89.00 in a research note on Thursday. Finally, Macquarie reiterated a "neutral" rating and issued a $92.00 price target on shares of Monarch Casino & Resort in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $93.20.

Institutional Trading of Monarch Casino & Resort

An institutional investor recently raised its position in Monarch Casino & Resort stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,618 shares of the company's stock after purchasing an additional 316 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Monarch Casino & Resort were worth $592,000 as of its most recent SEC filing. Institutional investors own 62.37% of the company's stock.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.