Equities research analysts forecast that Red Rock Resorts, Inc. (NASDAQ:RRR) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Red Rock Resorts’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.20. Red Rock Resorts reported earnings per share of $0.20 during the same quarter last year, which would indicate a negative year-over-year growth rate of 15%. The firm is expected to issue its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Red Rock Resorts will report full year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.39. For the next financial year, analysts forecast that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.68 to $1.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Red Rock Resorts.

RRR has been the subject of several research reports. Zacks Investment Research cut Red Rock Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 target price on shares of Red Rock Resorts in a report on Friday, July 14th. ValuEngine upgraded Red Rock Resorts from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. SunTrust Banks, Inc. began coverage on Red Rock Resorts in a research note on Thursday, September 14th. They set a “buy” rating and a $26.00 price objective for the company. Finally, BidaskClub cut Red Rock Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.06.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of Red Rock Resorts by 100.9% during the 1st quarter. Fifth Third Bancorp now owns 5,022 shares of the company’s stock worth $111,000 after purchasing an additional 2,522 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Red Rock Resorts by 154.6% during the 2nd 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 last quarter. Advisor Group Inc. lifted its stake in shares of Red Rock Resorts by 7,476.6% during the 2nd 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 last quarter. UBS Group AG lifted its stake in shares of Red Rock Resorts by 340.6% during the 1st 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 last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Red Rock Resorts by 123.3% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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Shares of Red Rock Resorts (NASDAQ:RRR) traded up 0.21% on Monday, reaching $23.79. The company’s stock had a trading volume of 118,051 shares. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $23.28. Red Rock Resorts has a one year low of $20.87 and a one year high of $24.94. The firm has a market capitalization of $1.61 billion, a PE ratio of 60.53 and a beta of 0.70.

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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