Monarch Casino & Resort (MCRI) Set to Announce Quarterly Earnings on Tuesday

Monarch Casino & Resort (NASDAQ:MCRI) is set to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Monarch Casino & Resort (MCRI) opened at $43.50 on Tuesday. Monarch Casino & Resort has a 52-week low of $23.41 and a 52-week high of $47.92. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $763.60, a PE ratio of 28.38 and a beta of 1.15.

In related news, President Bob Farahi sold 4,101 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $45.51, for a total transaction of $186,636.51. Following the completion of the transaction, the president now directly owns 450,070 shares of the company’s stock, valued at $20,482,685.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 72,654 shares of company stock valued at $3,385,297 over the last three months. Insiders own 27.56% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. UBS Group raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group assumed coverage on Monarch Casino & Resort in a research report on Thursday, January 18th. They set an “underperform” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Monarch Casino & Resort presently has an average rating of “Buy” and an average price target of $50.40.

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Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Earnings History for Monarch Casino & Resort (NASDAQ:MCRI)

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