Zacks Research Has Positive Outlook for RRR FY2027 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Research analysts at Zacks Research increased their FY2027 earnings estimates for shares of Red Rock Resorts in a note issued to investors on Monday, March 2nd. Zacks Research analyst Team now expects that the company will earn $2.01 per share for the year, up from their prior estimate of $2.00. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q4 2027 earnings at $0.55 EPS and FY2028 earnings at $2.30 EPS.

Red Rock Resorts (NASDAQ:RRR) last posted its earnings results on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.41 by $0.34. The firm had revenue of $511.78 million for the quarter, compared to analysts’ expectations of $500.90 million. Red Rock Resorts had a net margin of 9.35% and a return on equity of 58.13%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS.

RRR has been the subject of several other reports. Citigroup raised their target price on Red Rock Resorts from $63.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group restated a “buy” rating and set a $79.00 price target on shares of Red Rock Resorts in a research report on Wednesday, February 11th. Citizens Jmp boosted their target price on shares of Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 14th. Truist Financial reissued a “buy” rating and set a $80.00 target price (up from $75.00) on shares of Red Rock Resorts in a research report on Wednesday, February 11th. Finally, Barclays raised their price target on shares of Red Rock Resorts from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.15.

Red Rock Resorts Stock Performance

Shares of Red Rock Resorts stock opened at $60.69 on Tuesday. The business’s fifty day simple moving average is $62.60 and its 200 day simple moving average is $60.43. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 10.26. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $68.99. The firm has a market capitalization of $6.37 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.50 and a beta of 1.46.

Institutional Investors Weigh In On Red Rock Resorts

Several institutional investors have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Red Rock Resorts in the third quarter valued at approximately $4,961,000. Capital Fund Management S.A. purchased a new position in Red Rock Resorts in the 2nd quarter worth approximately $1,441,000. Atlantic Union Bankshares Corp bought a new position in shares of Red Rock Resorts in the 2nd quarter worth $62,000. Diametric Capital LP purchased a new stake in shares of Red Rock Resorts during the 2nd quarter valued at $3,786,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of Red Rock Resorts during the 3rd quarter worth $1,203,000. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, March 16th. Red Rock Resorts’s payout ratio is currently 33.23%.

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.