Red Rock Resorts (NASDAQ:RRR) Issues Earnings Results, Beats Estimates By $0.18 EPS

Red Rock Resorts (NASDAQ:RRR - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.18, Briefing.com reports. Red Rock Resorts had a return on equity of 114.32% and a net margin of 10.21%. The business had revenue of $488.90 million during the quarter, compared to analyst estimates of $490.49 million. During the same period last year, the company earned $0.75 earnings per share. Red Rock Resorts's quarterly revenue was up 12.7% compared to the same quarter last year.

Red Rock Resorts Stock Performance

Shares of NASDAQ:RRR traded down $4.14 on Wednesday, hitting $50.22. 2,052,173 shares of the company were exchanged, compared to its average volume of 443,730. The company has a debt-to-equity ratio of 13.54, a quick ratio of 0.76 and a current ratio of 0.81. The company's 50 day moving average price is $57.82 and its two-hundred day moving average price is $52.51. Red Rock Resorts has a one year low of $37.82 and a one year high of $63.28. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.81 and a beta of 2.08.

Insider Buying and Selling

In other news, CFO Stephen Lawrence Cootey sold 7,520 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.74, for a total transaction of $434,204.80. Following the sale, the chief financial officer now directly owns 243,808 shares in the company, valued at $14,077,473.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 53.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JMP Securities decreased their price objective on shares of Red Rock Resorts from $66.00 to $65.00 and set a "market outperform" rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Red Rock Resorts from $54.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, January 24th. Wells Fargo & Company reduced their target price on Red Rock Resorts from $66.00 to $63.00 and set an "overweight" rating for the company in a report on Wednesday. Macquarie raised Red Rock Resorts from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $51.00 to $58.00 in a research report on Wednesday, January 17th. Finally, Bank of America lifted their price target on shares of Red Rock Resorts from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Red Rock Resorts Company Profile

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.