Q3 EPS Estimates for Red Rock Resorts Cut by Zacks Research

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Zacks Research cut 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 anticipates that the company will earn $0.33 per share for the quarter, down from their previous forecast 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 announced its earnings results on Thursday, May 1st. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $499.12 million. During the same period in the prior year, the company earned $0.68 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year.

Several other research analysts also recently commented on RRR. Barclays decreased their target price on shares of Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Macquarie restated an "outperform" rating and set a $58.00 target price on shares of Red Rock Resorts in a report on Friday, May 2nd. JMP Securities lowered their price objective on shares of Red Rock Resorts from $59.00 to $55.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Susquehanna reduced their target price on shares of Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price objective on Red Rock Resorts from $54.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Six 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $52.64.

Red Rock Resorts Trading Up 6.1%

Red Rock Resorts stock traded up $2.85 during mid-day trading on Monday, hitting $49.85. The company's stock had a trading volume of 1,180,745 shares, compared to its average volume of 582,175. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $61.73. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.02 and a quick ratio of 0.96. The business has a 50 day moving average price of $43.24 and a 200-day moving average price of $46.50. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.32 and a beta of 1.64.

Hedge Funds Weigh In On Red Rock Resorts

Several institutional investors and hedge funds have recently bought and sold shares of RRR. Sterling Capital Management LLC increased its holdings in shares of Red Rock Resorts by 654.7% during the fourth quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock valued at $41,000 after acquiring an additional 766 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in Red Rock Resorts during the 1st quarter worth approximately $43,000. US Bancorp DE grew its position in Red Rock Resorts by 1,664.4% during the 1st quarter. US Bancorp DE now owns 1,041 shares of the company's stock worth $45,000 after purchasing an additional 982 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Red Rock Resorts during the 1st quarter valued at approximately $89,000. Finally, KBC Group NV raised its holdings in shares of Red Rock Resorts by 37.1% in the fourth quarter. KBC Group NV now owns 1,996 shares of the company's stock worth $92,000 after buying an additional 540 shares during the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

Red Rock Resorts Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a yield of 2.29%. Red Rock Resorts's payout ratio is 38.76%.

About Red Rock Resorts

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.