Zacks Research Issues Negative Estimate for RRR Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Equities research analysts at Zacks Research reduced their Q3 2025 earnings per share estimates for Red Rock Resorts in a report issued on Thursday, May 22nd. Zacks Research analyst M. Kaushik now expects that the company will post earnings per share of $0.33 for the quarter, down from their previous estimate of $0.36. The consensus estimate for Red Rock Resorts' current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts' Q4 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.39 EPS, Q3 2026 earnings at $0.36 EPS, Q4 2026 earnings at $0.42 EPS, FY2026 earnings at $1.61 EPS and Q1 2027 earnings at $0.39 EPS.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.33. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. The business had revenue of $497.86 million during the quarter, compared to the consensus estimate of $499.12 million. During the same period last year, the company earned $0.68 earnings per share. The business's revenue for the quarter was up 1.8% compared to the same quarter last year.

Several other analysts also recently weighed in on RRR. Susquehanna decreased their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley decreased their target price on Red Rock Resorts from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their price objective on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Macquarie restated an "outperform" rating and issued a $58.00 price objective on shares of Red Rock Resorts in a report on Friday, May 2nd. Finally, Truist Financial decreased their price objective on Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Red Rock Resorts has an average rating of "Hold" and an average price target of $52.64.

Red Rock Resorts Trading Down 1.6%

Shares of NASDAQ:RRR traded down $0.80 on Monday, hitting $48.74. 289,446 shares of the company's stock were exchanged, compared to its average volume of 582,575. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $61.73. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64. The business's 50 day simple moving average is $43.34 and its two-hundred day simple moving average is $46.52. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96.

Hedge Funds Weigh In On Red Rock Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in Red Rock Resorts by 654.7% in the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after purchasing an additional 766 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Red Rock Resorts during the first quarter worth about $43,000. US Bancorp DE grew its stake in shares of Red Rock Resorts by 1,664.4% during the first quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after acquiring an additional 982 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Red Rock Resorts during the first quarter worth about $89,000. Finally, KBC Group NV grew its stake in shares of Red Rock Resorts by 37.1% during the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after acquiring an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 47.84% of the company's stock.

Red Rock Resorts Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $1.00 dividend. The ex-dividend date is Monday, June 16th. This represents a yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is presently 38.76%.

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.