Full House Resorts, Inc. (NASDAQ:FLL) Expected to Post Quarterly Sales of $45.90 Million

Analysts forecast that Full House Resorts, Inc. (NASDAQ:FLL – Get Rating) will announce $45.90 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Full House Resorts’ earnings, with the lowest sales estimate coming in at $43.60 million and the highest estimate coming in at $48.20 million. Full House Resorts posted sales of $47.44 million in the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Full House Resorts will report full year sales of $206.50 million for the current fiscal year, with estimates ranging from $204.00 million to $209.00 million. For the next financial year, analysts expect that the business will report sales of $372.85 million, with estimates ranging from $350.20 million to $395.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Full House Resorts.

Full House Resorts (NASDAQ:FLL – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Full House Resorts had a return on equity of 11.18% and a net margin of 6.50%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share.

FLL has been the topic of a number of recent analyst reports. StockNews.com raised Full House Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, April 12th. B. Riley initiated coverage on Full House Resorts in a research note on Tuesday, April 19th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Craig Hallum cut their price objective on Full House Resorts from $18.00 to $13.00 in a research note on Tuesday.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Full House Resorts by 55.0% during the 3rd quarter. Royal Bank of Canada now owns 3,473 shares of the company’s stock worth $37,000 after purchasing an additional 1,233 shares in the last quarter. Dorsey Wright & Associates boosted its stake in Full House Resorts by 15.7% during the fourth quarter. Dorsey Wright & Associates now owns 9,440 shares of the company’s stock worth $114,000 after buying an additional 1,280 shares in the last quarter. US Bancorp DE bought a new stake in Full House Resorts in the 3rd quarter valued at $25,000. BNP Paribas Arbitrage SA increased its holdings in Full House Resorts by 33.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,974 shares of the company’s stock valued at $121,000 after buying an additional 2,503 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Full House Resorts by 14.7% in the 4th quarter. Rhumbline Advisers now owns 21,023 shares of the company’s stock valued at $255,000 after buying an additional 2,687 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.

Shares of FLL stock opened at $6.19 on Wednesday. The stock’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $9.70. The company has a debt-to-equity ratio of 2.70, a quick ratio of 7.19 and a current ratio of 7.24. Full House Resorts has a twelve month low of $5.74 and a twelve month high of $12.57. The company has a market capitalization of $212.45 million, a price-to-earnings ratio of 21.35 and a beta of 1.93.

About Full House Resorts (Get Rating)

Full House Resorts, Inc owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park.

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