Headlines about Red Rock Resorts (NASDAQ:RRR) have trended somewhat negative this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Rock Resorts earned a coverage optimism score of -0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.9995724742844 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Red Rock Resorts traded up $0.23, reaching $34.53, during trading hours on Friday, according to MarketBeat. The stock had a trading volume of 11,989 shares, compared to its average volume of 376,797. Red Rock Resorts has a 12 month low of $21.41 and a 12 month high of $35.77. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 55.71 and a beta of 1.68. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.04 and a current ratio of 1.09.
Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Red Rock Resorts had a return on equity of 16.46% and a net margin of 4.11%. The company had revenue of $421.04 million during the quarter, compared to analysts’ expectations of $411.13 million. equities analysts forecast that Red Rock Resorts will post 1.29 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, June 14th. Red Rock Resorts’s payout ratio is 64.52%.
A number of equities research analysts recently issued reports on RRR shares. Zacks Investment Research downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. BidaskClub downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Nomura started coverage on Red Rock Resorts in a research report on Tuesday, May 8th. They set a “buy” rating and a $39.00 price target on the stock. Macquarie downgraded Red Rock Resorts from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. Finally, Telsey Advisory Group started coverage on Red Rock Resorts in a report on Tuesday, March 13th. They issued a “market perform” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.00.
About Red Rock Resorts
Red Rock Resorts, Inc, through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
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