Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02), Yahoo Finance reports. The company had revenue of $121.66 million during the quarter, compared to the consensus estimate of $122.13 million. Monarch Casino & Resort had a net margin of 16.40% and a return on equity of 17.22%. During the same period last year, the firm posted $0.90 earnings per share.
Monarch Casino & Resort Price Performance
Shares of MCRI traded up $0.61 during mid-day trading on Friday, reaching $67.15. 31,544 shares of the stock traded hands, compared to its average volume of 115,216. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 15.81 and a beta of 1.66. Monarch Casino & Resort has a 1 year low of $56.25 and a 1 year high of $75.52. The firm has a fifty day moving average price of $70.75 and a 200 day moving average price of $67.04. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.01.
Monarch Casino & Resort Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 31st. This represents a $1.20 annualized dividend and a yield of 1.79%. Monarch Casino & Resort’s dividend payout ratio is currently 28.37%.
Institutional Trading of Monarch Casino & Resort
Analyst Ratings Changes
A number of analysts have commented on MCRI shares. Stifel Nicolaus restated a “hold” rating and set a $70.00 price target on shares of Monarch Casino & Resort in a research note on Friday, January 5th. Macquarie raised their price target on shares of Monarch Casino & Resort from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, Truist Financial lifted their target price on Monarch Casino & Resort from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Thursday, February 15th.
Get Our Latest Analysis on Monarch Casino & Resort
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.
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