Brokerages expect that Red Rock Resorts, Inc. (NASDAQ:RRR) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Red Rock Resorts’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.23. Red Rock Resorts reported earnings per share of $0.20 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The business is expected to report its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Red Rock Resorts will report full year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.43. For the next year, analysts anticipate that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.68 to $1.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Red Rock Resorts.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Red Rock Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Red Rock Resorts from a “strong sell” rating to a “sell” rating in a research note on Friday, September 22nd. ValuEngine upgraded shares of Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. assumed coverage on Red Rock Resorts in a report on Thursday, September 14th. They issued a “buy” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.23.

Red Rock Resorts (RRR) traded up 0.55% during midday trading on Wednesday, reaching $23.59. The company had a trading volume of 454,425 shares. Red Rock Resorts has a 1-year low of $21.07 and a 1-year high of $24.67. The stock has a market capitalization of $1.60 billion, a PE ratio of 60.03 and a beta of 0.70. The firm’s 50 day moving average is $23.05 and its 200 day moving average is $23.05.

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of Red Rock Resorts by 100.9% in the first quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock worth $111,000 after acquiring an additional 2,522 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Red Rock Resorts by 154.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,966 shares of the company’s stock worth $140,000 after purchasing an additional 3,623 shares during the period. Advisor Group Inc. raised its position in shares of Red Rock Resorts by 7,476.6% during the second quarter. Advisor Group Inc. now owns 8,107 shares of the company’s stock worth $191,000 after purchasing an additional 8,000 shares during the period. UBS Group AG raised its position in shares of Red Rock Resorts by 340.6% during the first quarter. UBS Group AG now owns 8,698 shares of the company’s stock worth $193,000 after purchasing an additional 6,724 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Red Rock Resorts by 123.3% during the second quarter. BNP Paribas Arbitrage SA now owns 8,521 shares of the company’s stock worth $201,000 after purchasing an additional 4,705 shares during the period. Institutional investors own 62.52% of the company’s stock.

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Red Rock Resorts Company Profile

Red Rock Resorts, Inc is a gaming, development and management company. The Company’s segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements.

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