Equities research analysts anticipate Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to publish $62.50 million in product sales for the present quarter that is fiscal Zacks reports. Three analysts have issued estimates for Monarch Casino & Resort’s earnings. The highest sales estimate is $63.00 million and the lowest is $62.10 million. Monarch Casino & Resort reported sales of $51.01 million in the quarter that is same 12 months, which suggests an optimistic 12 months over 12 months development price of 22.5per cent. The organization is planned to announce its next profits outcomes on Wednesday, April 28th.
According to Zacks, analysts expect that Monarch Casino & Resort will report year that is full of $298.10 million for the current financial year, with estimates ranging from $297.20 million to $299.10 million. For the next year that is fiscal analysts anticipate that the company will report product sales of $361.27 million, with quotes including $343.30 million to $388.00 million. Zacks Investment analysis’s product sales calculations are a average that is mean on a survey of sell-side analysts that cover Monarch Casino & Resort.
Monarch Casino & Resort (NASDAQ:MCRI) last announced its earnings that are quarterly on Tuesday, February 23rd. The organization reported $0.80 profits per share (EPS) for the quarter, beating the opinion estimate of $0.54 by $0.26. Monarch Casino & Resort had a margin that is net of% and a return on equity of 5.54%. The firm had revenue of $58.38 million during the quarter, compared to the consensus estimate of $60.60 million.
Several equities analysts recently issued reports on MCRI shares. Stifel Nicolaus started coverage on shares of Monarch Casino & Resort in a report on December 9th wednesday. They set a “buy” rating for the business. Zacks Investment Research raised stocks of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a study note on March 2nd tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an rating that is average ofBuy” and a consensus target cost of $53.83.
Hedge funds as well as other institutional investors have actually recently made modifications with their jobs in the commercial. Dimensional Fund Advisors LP grew its place in stocks of Monarch Casino & Resort by 0.8per cent through the quarter that is 4th. Dimensional Fund Advisors LP now owns 173,714 shares of the company’s stock worth $10,634,000 after buying an additional 1,324 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Monarch Casino & Resort by 52.8% during the quarter that is 4th. UBS Asset Management Americas Inc. now has 9,664 stocks associated with organization’s stock well worth $592,000 after purchasing an extra 3,339 stocks through the duration. Nuveen resource Management LLC expanded its place in stocks of Monarch Casino & Resort by 9.9per cent through the quarter that is 4th. Nuveen Asset Management LLC now owns 50,417 shares of the company’s stock worth $3,087,000 after buying an additional 4,560 shares during the period. BCJ Capital Management LLC grew its position in shares of Monarch Casino & Resort by 11.3% during the quarter that is 4th. BCJ Capital Management LLC now has 5,200 stocks associated with organization’s stock well worth $318,000 after purchasing an extra 526 stocks through the duration. Finally, Engineers Gate Manager LP acquired a stake that is new shares of Monarch Casino & Resort during the 4th quarter worth approximately $374,000. 62.36% of the stock is owned by institutional investors.
Shares of MCRI stock opened at $63.51 on Tuesday. Monarch Casino & Resort has a low that is 12-month of23.16 and a 12-month most of $70.89. A market is had by the company capitalization of $1.17 billion, a P/E ratio of 82.48 and a beta of 1.66. The firm has a 50-day moving price that is average of63.16 and a 200 time going typical cost of $55.16. The organization has a ratio that is quick of, a current ratio of 0.84 and a debt-to-equity ratio of 0.49.
About Monarch Casino & Resort
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 11, 2020, the company’s Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms; 8 food outlets; 2 gourmet coffee and pastry bars; 1 snack bar; a 30,000 health that is square-foot and hair salon with a specific pool; 2 shops providing clothes and present store product; an 8,000 square-foot family members activity center; and around 52,000 square foot of banquet, meeting, and conference room area.
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