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

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

Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.22. The business had revenue of $136.91 million during the quarter, compared to the consensus estimate of $129.76 million. Monarch Casino & Resort had a return on equity of 18.99% and a net margin of 18.70%. 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

NASDAQ MCRI traded up $0.32 during trading on Friday, hitting $105.15. The company's stock had a trading volume of 327,013 shares, compared to its average volume of 112,613. The company has a market cap of $1.94 billion, a PE ratio of 19.77 and a beta of 1.54. The business's 50 day simple moving average is $85.83 and its 200-day simple moving average is $83.48. Monarch Casino & Resort has a fifty-two week low of $67.14 and a fifty-two week high of $113.88.

Monarch Casino & Resort Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a $0.30 dividend. 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 (DPR) is presently 22.56%.

Hedge Funds Weigh In On Monarch Casino & Resort

An institutional investor recently raised its position in Monarch Casino & Resort stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI - Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,618 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 62.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised 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 objective for the company from $83.00 to $89.00 in a report on Thursday. Macquarie reiterated a "neutral" rating and issued a $92.00 price objective on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective on Monarch Casino & Resort from $81.00 to $92.00 and gave the company a "hold" rating in a report on Thursday. Finally, Truist Financial boosted their price objective on Monarch Casino & Resort from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.20.

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.