Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01, Zacks reports. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. The company had revenue of $125.39 million during the quarter, compared to the consensus estimate of $122.70 million.
Monarch Casino & Resort Trading Up 0.6 %
NASDAQ MCRI traded up $0.43 during trading hours on Friday, reaching $77.49. 65,734 shares of the company traded hands, compared to its average volume of 118,440. The company has a 50 day moving average of $81.39 and a two-hundred day moving average of $82.02. The stock has a market capitalization of $1.43 billion, a PE ratio of 15.65 and a beta of 1.57. Monarch Casino & Resort has a 12 month low of $64.58 and a 12 month high of $96.11.
Monarch Casino & Resort Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.55%. Monarch Casino & Resort's dividend payout ratio (DPR) is presently 23.67%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on MCRI shares. StockNews.com lowered Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. Stifel Nicolaus cut their price target on shares of Monarch Casino & Resort from $90.00 to $81.00 and set a "hold" rating on the stock in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of Monarch Casino & Resort from $73.00 to $88.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on Monarch Casino & Resort from $79.00 to $82.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. Finally, Truist Financial reduced their target price on Monarch Casino & Resort from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.60.
View Our Latest Stock Analysis on Monarch Casino & Resort
Monarch Casino & Resort Company Profile
(
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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.
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