Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Rating) – Equities researchers at Jefferies Financial Group reduced their Q3 2022 earnings estimates for shares of Monarch Casino & Resort in a research report issued on Wednesday, July 20th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn $1.18 per share for the quarter, down from their prior estimate of $1.20. Jefferies Financial Group currently has a “Hold” rating and a $90.00 target price on the stock. The consensus estimate for Monarch Casino & Resort’s current full-year earnings is $4.39 per share. Jefferies Financial Group also issued estimates for Monarch Casino & Resort’s Q4 2022 earnings at $1.04 EPS, FY2022 earnings at $4.16 EPS, Q2 2023 earnings at $1.05 EPS, Q3 2023 earnings at $1.12 EPS, FY2023 earnings at $4.13 EPS, Q1 2024 earnings at $0.82 EPS, Q2 2024 earnings at $0.90 EPS and FY2024 earnings at $3.57 EPS.
MCRI has been the subject of a number of other reports. Stifel Nicolaus cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Truist Financial decreased their price target on shares of Monarch Casino & Resort from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com cut shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 14th.
Monarch Casino & Resort Price Performance
MCRI stock opened at $61.35 on Friday. The company has a 50 day simple moving average of $62.10 and a 200 day simple moving average of $71.04. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.06 and a beta of 1.69. Monarch Casino & Resort has a 1 year low of $54.01 and a 1 year high of $94.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.54.
Monarch Casino & Resort (NASDAQ:MCRI – Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). Monarch Casino & Resort had a return on equity of 18.42% and a net margin of 17.87%.
Institutional Investors Weigh In On Monarch Casino & Resort
Several large investors have recently modified their holdings of MCRI. Denali Advisors LLC acquired a new stake in shares of Monarch Casino & Resort during the first quarter worth $113,000. Captrust Financial Advisors lifted its stake in shares of Monarch Casino & Resort by 30.0% in 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Monarch Casino & Resort in the fourth quarter valued at $188,000. PNC Financial Services Group Inc. lifted its stake in shares of Monarch Casino & Resort by 190.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,167 shares of the company’s stock valued at $189,000 after buying an additional 1,421 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Monarch Casino & Resort by 27.3% in the first quarter. SG Americas Securities LLC now owns 2,336 shares of the company’s stock valued at $204,000 after buying an additional 501 shares in the last quarter. 62.45% of the stock is currently owned by institutional investors and hedge funds.
About Monarch Casino & Resort
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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Source: defenseworld.net
