Red Rock Resorts (RRR) to Release Quarterly Earnings on Thursday

Red Rock Resorts (NASDAQ:RRR - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect Red Rock Resorts to post earnings of $0.48 per share and revenue of $499.12 million for the quarter.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. 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 Trading Up 1.7 %

RRR stock traded up $0.73 during midday trading on Tuesday, hitting $43.59. 638,952 shares of the company's stock were exchanged, compared to its average volume of 567,953. The business has a 50-day simple moving average of $43.82 and a two-hundred day simple moving average of $47.48. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The stock has a market capitalization of $4.62 billion, a PE ratio of 17.37, a P/E/G ratio of 4.32 and a beta of 1.69. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $61.73.

Red Rock Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.29%. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RRR shares. Susquehanna cut their target price on Red Rock Resorts from $61.00 to $52.00 and set a "positive" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus raised their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research note on Wednesday, February 12th. Truist Financial cut their target price on Red Rock Resorts from $56.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Mizuho lifted their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays dropped their price objective on Red Rock Resorts from $58.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $54.33.

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.