Red Rock Resorts (RRR) Projected to Post Quarterly Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR) is expected to announce its Q2 2025 earnings results after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $485.44 million for the quarter.

Red Rock Resorts (NASDAQ:RRR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.33. The firm had revenue of $497.86 million for the quarter, compared to analyst estimates of $499.12 million. Red Rock Resorts had a return on equity of 56.45% and a net margin of 8.01%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. 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 Stock Performance

Shares of NASDAQ:RRR opened at $54.49 on Tuesday. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.92 and a quick ratio of 0.87. The business’s 50 day moving average price is $50.75 and its 200-day moving average price is $47.30. The firm has a market capitalization of $5.78 billion, a PE ratio of 20.87, a P/E/G ratio of 3.58 and a beta of 1.62. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $61.08.

Red Rock Resorts Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $1.00 dividend. This represents a dividend yield of 2.29%. The ex-dividend date was Monday, June 16th. Red Rock Resorts’s dividend payout ratio is presently 38.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Red Rock Resorts by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,275 shares of the company’s stock worth $4,609,000 after buying an additional 4,699 shares during the last quarter. Millennium Management LLC grew its stake in shares of Red Rock Resorts by 56.2% in the 1st quarter. Millennium Management LLC now owns 430,150 shares of the company’s stock valued at $18,656,000 after purchasing an additional 154,839 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Red Rock Resorts by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,272 shares of the company’s stock valued at $1,270,000 after purchasing an additional 1,282 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Red Rock Resorts in the 1st quarter valued at approximately $308,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RRR. Susquehanna lowered their price objective on Red Rock Resorts from $61.00 to $52.00 and set a “positive” rating on the stock in a research note on Wednesday, April 16th. JMP Securities upped their price target on Red Rock Resorts from $55.00 to $57.00 and gave the company a “market outperform” rating in a research note on Friday. Citigroup reaffirmed an “outperform” rating on shares of Red Rock Resorts in a research note on Friday. JPMorgan Chase & Co. began coverage on Red Rock Resorts in a research note on Monday, June 23rd. They issued an “overweight” rating and a $62.00 price target on the stock. Finally, Barclays upped their price target on Red Rock Resorts from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.45.

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.