Monarch Casino & Resort (MCRI) Set to Announce Earnings on Monday

Monarch Casino & Resort (NASDAQ:MCRI) is scheduled to release its earnings data after the market closes on Monday, April 23rd. Analysts expect Monarch Casino & Resort to post earnings of $0.39 per share for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). The business had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $57.95 million. Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. On average, analysts expect Monarch Casino & Resort to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ:MCRI opened at $43.14 on Friday. The stock has a market capitalization of $770.37, a PE ratio of 29.35 and a beta of 1.24. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 0.10. Monarch Casino & Resort has a 1-year low of $28.47 and a 1-year high of $47.92.

Several analysts recently commented on MCRI shares. BidaskClub downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, Jefferies Group started coverage on shares of Monarch Casino & Resort in a research report on Thursday, January 18th. They set an “underperform” rating and a $39.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Monarch Casino & Resort has an average rating of “Hold” and an average price target of $50.80.

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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 5, 2018, 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.

Earnings History for Monarch Casino & Resort (NASDAQ:MCRI)

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