Analysts Anticipate Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to Post $0.60 EPS

Equities analysts expect Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to report earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Monarch Casino & Resort’s earnings, with estimates ranging from $0.58 to $0.62. Monarch Casino & Resort posted earnings of $0.58 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The business is scheduled to report its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Monarch Casino & Resort will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.87 to $2.00. For the next year, analysts anticipate that the firm will post earnings of $2.72 per share, with EPS estimates ranging from $2.67 to $2.77. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Monarch Casino & Resort.

Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Wednesday, July 24th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $62.76 million during the quarter, compared to analyst estimates of $61.20 million. Monarch Casino & Resort had a return on equity of 11.24% and a net margin of 14.01%.

MCRI has been the subject of several recent analyst reports. Zacks Investment Research raised Monarch Casino & Resort from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. ValuEngine raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Finally, BidaskClub raised Monarch Casino & Resort from a “strong sell” rating to a “sell” rating in a report on Saturday, July 6th.

Shares of MCRI stock traded up $1.38 during trading on Friday, hitting $45.27. The company’s stock had a trading volume of 124,600 shares, compared to its average volume of 45,285. The company has a market cap of $817.12 million, a PE ratio of 24.74, a P/E/G ratio of 1.82 and a beta of 0.98. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $44.88 and a 200-day moving average of $43.99. Monarch Casino & Resort has a 52 week low of $34.45 and a 52 week high of $48.71.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC purchased a new stake in shares of Monarch Casino & Resort during the second quarter worth $59,000. Bank of Montreal Can lifted its position in shares of Monarch Casino & Resort by 22.7% during the first quarter. Bank of Montreal Can now owns 1,447 shares of the company’s stock worth $63,000 after acquiring an additional 268 shares in the last quarter. KBC Group NV purchased a new stake in shares of Monarch Casino & Resort during the second quarter worth $65,000. Royal Bank of Canada lifted its position in shares of Monarch Casino & Resort by 61.3% during the second quarter. Royal Bank of Canada now owns 1,634 shares of the company’s stock worth $69,000 after acquiring an additional 621 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Monarch Casino & Resort by 18.5% during the fourth quarter. FMR LLC now owns 2,558 shares of the company’s stock worth $98,000 after acquiring an additional 400 shares in the last quarter. 61.05% of the stock is owned by institutional investors and hedge funds.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of February 20, 2019, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

Further Reading: Return on Equity (ROE)

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

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