Monarch Casino & Resort (MCRI) to Release Earnings on Wednesday

Monarch Casino & Resort (NASDAQ:MCRI) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $1.22 per share and revenue of $129.76 million for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The business had revenue of $125.39 million for the quarter, compared to analysts’ expectations of $122.70 million. Monarch Casino & Resort had a net margin of 18.19% and a return on equity of 18.53%. On average, analysts expect Monarch Casino & Resort to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Monarch Casino & Resort Stock Down 1.9%

MCRI stock opened at $85.86 on Wednesday. The business has a fifty day moving average of $84.66 and a 200-day moving average of $83.09. The company has a market cap of $1.59 billion, a P/E ratio of 16.93 and a beta of 1.54. Monarch Casino & Resort has a twelve month low of $67.14 and a twelve month high of $96.11.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MCRI. Truist Financial lowered their price target on shares of Monarch Casino & Resort from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Macquarie restated a “neutral” rating and issued a $92.00 price target on shares of Monarch Casino & Resort in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Stifel Nicolaus cut their target price on Monarch Casino & Resort from $90.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.60.

Hedge Funds Weigh In On Monarch Casino & Resort

An institutional investor recently raised its position in Monarch Casino & Resort stock. AQR Capital Management LLC raised its stake in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 36.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,731 shares of the company’s stock after acquiring an additional 15,295 shares during the period. AQR Capital Management LLC owned approximately 0.31% of Monarch Casino & Resort worth $4,489,000 at the end of the most recent quarter. 62.37% of the stock is owned by hedge funds and other institutional investors.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.