Red Rock Resorts (RRR) to Release Earnings on Thursday

Red Rock Resorts (NASDAQ:RRR) is projected to announce its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect Red Rock Resorts to post earnings of $0.48 per share and revenue of $499.12 million for the quarter.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%. On average, analysts expect Red Rock Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Red Rock Resorts Price Performance

Shares of RRR opened at $41.85 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company’s fifty day simple moving average is $44.63 and its 200 day simple moving average is $47.80. Red Rock Resorts has a 1-year low of $35.09 and a 1-year high of $61.73. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 4.32 and a beta of 1.69.

Red Rock Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%. Red Rock Resorts’s payout ratio is 39.84%.

Analyst Ratings Changes

RRR has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Red Rock Resorts from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. Morgan Stanley decreased their price objective on shares of Red Rock Resorts from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Susquehanna cut their price objective on shares of Red Rock Resorts from $61.00 to $52.00 and set a “positive” rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities decreased their target price on Red Rock Resorts from $59.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Red Rock Resorts currently has a consensus rating of “Hold” and a consensus target price of $54.33.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.