Red Rock Resorts (RRR) Expected to Announce Quarterly Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR - Get Free Report) is expected to announce its Q2 2025 earnings results after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $485.44 million for the quarter.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.33. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The company had revenue of $497.86 million during the quarter, compared to analyst estimates of $499.12 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect Red Rock Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Red Rock Resorts Stock Performance

RRR stock traded up $1.41 during trading on Friday, reaching $54.20. 496,909 shares of the company's stock were exchanged, compared to its average volume of 779,828. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 9.04. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $58.83. The company's fifty day moving average price is $51.44 and its 200-day moving average price is $47.58. The firm has a market cap of $5.75 billion, a PE ratio of 21.01, a P/E/G ratio of 3.45 and a beta of 1.62.

Red Rock Resorts Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, June 16th. Red Rock Resorts's dividend payout ratio is presently 38.76%.

Institutional Investors Weigh In On Red Rock Resorts

Institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Red Rock Resorts by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company's stock valued at $4,609,000 after acquiring an additional 4,699 shares during the period. Millennium Management LLC grew its stake in Red Rock Resorts by 56.2% in the first quarter. Millennium Management LLC now owns 430,150 shares of the company's stock valued at $18,656,000 after acquiring an additional 154,839 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Red Rock Resorts by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company's stock valued at $1,270,000 after acquiring an additional 1,282 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Red Rock Resorts in the first quarter valued at about $308,000. 47.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RRR. Citigroup reissued an "outperform" rating on shares of Red Rock Resorts in a research report on Friday, July 18th. JPMorgan Chase & Co. began coverage on Red Rock Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $62.00 price target on the stock. Barclays upped their price target on Red Rock Resorts from $54.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. JMP Securities upped their price target on Red Rock Resorts from $55.00 to $57.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. Finally, Mizuho raised Red Rock Resorts from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Red Rock Resorts currently has an average rating of "Moderate Buy" and an average price target of $56.64.

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.