Analysts Expect Monarch Casino & Resort, Inc. (NASDAQ:MCRI) to Post $0.60 EPS

Equities analysts expect that Monarch Casino & Resort, Inc. (NASDAQ:MCRI) will report $0.60 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Monarch Casino & Resort’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.58. Monarch Casino & Resort posted earnings of $0.58 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Monarch Casino & Resort will report full year earnings of $1.94 per share for the current year, with EPS estimates ranging from $1.87 to $2.00. For the next fiscal year, analysts expect that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.67 to $2.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Monarch Casino & Resort.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The business had revenue of $62.76 million for the quarter, compared to analyst estimates of $61.20 million. Monarch Casino & Resort had a net margin of 14.01% and a return on equity of 11.24%.

MCRI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Finally, BidaskClub upgraded shares of Monarch Casino & Resort from a “strong sell” rating to a “sell” rating in a report on Saturday, July 6th.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCRI. Aperio Group LLC purchased a new position in Monarch Casino & Resort in the second quarter valued at approximately $59,000. Bank of Montreal Can raised its holdings in Monarch Casino & Resort by 22.7% in the first quarter. Bank of Montreal Can now owns 1,447 shares of the company’s stock valued at $63,000 after buying an additional 268 shares during the period. KBC Group NV purchased a new position in Monarch Casino & Resort in the second quarter valued at approximately $65,000. FMR LLC raised its holdings in Monarch Casino & Resort by 18.5% in the fourth quarter. FMR LLC now owns 2,558 shares of the company’s stock valued at $98,000 after buying an additional 400 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Monarch Casino & Resort by 1,013.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,361 shares of the company’s stock valued at $104,000 after buying an additional 2,149 shares during the period. Hedge funds and other institutional investors own 60.89% of the company’s stock.

Shares of MCRI stock traded up $0.10 during trading hours on Friday, hitting $45.64. 32,253 shares of the company were exchanged, compared to its average volume of 39,419. The stock has a market cap of $805.40 million, a price-to-earnings ratio of 24.94, a PEG ratio of 1.85 and a beta of 0.98. Monarch Casino & Resort has a 1 year low of $34.45 and a 1 year high of $48.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.58 and a current ratio of 0.64. The business’s fifty day moving average price is $44.49.

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 February 20, 2019, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso 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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Earnings History and Estimates for Monarch Casino & Resort (NASDAQ:MCRI)

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