NASDAQ:MCRI - Monarch Casino & Resort Stock Price, Forecast & News

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) issued its earnings results on Wednesday, October, 30th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.09. The firm earned $65.59 million during the quarter, compared to the consensus estimate of $69.05 million. Monarch Casino & Resort had a return on equity of 10.44% and a net margin of 13.32%. View Monarch Casino & Resort's Earnings History.

Monarch Casino & Resort is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Monarch Casino & Resort.

2 Wall Street analysts have issued 1 year price targets for Monarch Casino & Resort's stock. Their forecasts range from $58.00 to $58.00. On average, they expect Monarch Casino & Resort's stock price to reach $58.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Monarch Casino & Resort.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Monarch Casino & Resort.

Headlines about MCRI stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Monarch Casino & Resort earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Monarch Casino & Resort.

Monarch Casino & Resort saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 420,000 shares, an increase of 15.9% from the January 15th total of 362,300 shares. Based on an average daily trading volume, of 48,500 shares, the short-interest ratio is presently 8.7 days. Currently, 3.5% of the company's stock are sold short. View Monarch Casino & Resort's Current Options Chain.

Some companies that are related to Monarch Casino & Resort include Las Vegas Sands (LVS), MGM Resorts International (MGM), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Churchill Downs (CHDN), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT), Scientific Games (SGMS) and MTR Gaming Group (MNTG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), KEMET (KEM), Micron Technology (MU), GrubHub (GRUB), IBM (IBM), United Rentals (URI), Amphastar Pharmaceuticals (AMPH), Comtech Telecomm. (CMTL), Gilead Sciences (GILD) and Overstock.com (OSTK).

Monarch Casino & Resort's stock is owned by a number of of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (2.92%), State Street Corp (1.94%), Renaissance Technologies LLC (1.14%), Geode Capital Management LLC (0.94%), Bank of New York Mellon Corp (0.76%) and Brasada Capital Management LP (0.76%). View Institutional Ownership Trends for Monarch Casino & Resort.

MCRI stock was sold by a variety of institutional investors in the last quarter, including Morgan Dempsey Capital Management LLC, Bank of America Corp DE, US Bancorp DE, Wedge Capital Management L L P NC, Panagora Asset Management Inc., Arizona State Retirement System, Bank of New York Mellon Corp and Eagle Asset Management Inc.. View Insider Buying and Selling for Monarch Casino & Resort.

MCRI stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Janus Henderson Group PLC, Great West Life Assurance Co. Can, UBS Asset Management Americas Inc., Renaissance Technologies LLC, State Street Corp, First Republic Investment Management Inc. and Geode Capital Management LLC. View Insider Buying and Selling for Monarch Casino & Resort.

Shares of MCRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MCRI stock can currently be purchased for approximately $56.25.

Monarch Casino & Resort has a market capitalization of $1.02 billion and generates $240.32 million in revenue each year. The company earns $34.10 million in net income (profit) each year or $1.83 on an earnings per share basis. Monarch Casino & Resort employs 2,200 workers across the globe.View Additional Information About Monarch Casino & Resort.

The official website for Monarch Casino & Resort is http://www.monarchcasino.com/.

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.