Brokerages expect that Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Rating) will post $1.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Monarch Casino & Resort’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.12. Monarch Casino & Resort reported earnings of $0.93 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Monarch Casino & Resort will report full year earnings of $4.39 per share for the current fiscal year, with EPS estimates ranging from $4.27 to $4.56. For the next fiscal year, analysts forecast that the business will post earnings of $4.77 per share, with EPS estimates ranging from $4.56 to $5.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Monarch Casino & Resort.
Monarch Casino & Resort (NASDAQ:MCRI – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $108.32 million for the quarter, compared to the consensus estimate of $105.30 million. Monarch Casino & Resort had a net margin of 18.30% and a return on equity of 18.05%.
Several institutional investors have recently added to or reduced their stakes in MCRI. O Shaughnessy Asset Management LLC raised its position in shares of Monarch Casino & Resort by 34.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 856 shares of the company’s stock valued at $57,000 after buying an additional 219 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of Monarch Casino & Resort during the first quarter valued at approximately $113,000. Royal Bank of Canada raised its position in shares of Monarch Casino & Resort by 33.6% during the second quarter. Royal Bank of Canada now owns 2,012 shares of the company’s stock valued at $133,000 after buying an additional 506 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Monarch Casino & Resort by 30.0% during the first quarter. Captrust Financial Advisors now owns 1,593 shares of the company’s stock valued at $139,000 after buying an additional 368 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Monarch Casino & Resort during the third quarter valued at approximately $188,000. Hedge funds and other institutional investors own 62.45% of the company’s stock.
Shares of NASDAQ MCRI traded down $0.61 during trading on Friday, reaching $65.41. 236,314 shares of the company traded hands, compared to its average volume of 109,083. The firm has a 50 day simple moving average of $77.57 and a 200-day simple moving average of $73.67. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.23 billion, a PE ratio of 16.39 and a beta of 1.69. Monarch Casino & Resort has a 52-week low of $56.35 and a 52-week high of $94.26.
About Monarch Casino & Resort (Get Rating)
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.
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