Red Rock Resorts (RRR) Scheduled to Post Earnings on Thursday

Red Rock Resorts (NASDAQ:RRR) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Red Rock Resorts Price Performance

RRR stock opened at $52.33 on Wednesday. The company has a debt-to-equity ratio of 15.15, a current ratio of 0.94 and a quick ratio of 0.89. Red Rock Resorts has a 1 year low of $40.22 and a 1 year high of $63.28. The firm has a 50-day moving average of $53.93 and a 200 day moving average of $54.00. The company has a market cap of $5.53 billion, a P/E ratio of 18.37, a PEG ratio of 5.47 and a beta of 2.04.

Analysts Set New Price Targets

A number of research firms have recently commented on RRR. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of Red Rock Resorts in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on Red Rock Resorts from $62.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their target price on shares of Red Rock Resorts from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lowered their price target on shares of Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 17th. Finally, Truist Financial cut their price objective on shares of Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Red Rock Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $62.58.

Red Rock Resorts Company Profile

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.