Monarch Casino & Resort, Inc. (NASDAQ:MCRI) - Research analysts at Gabelli raised their FY2017 earnings per share (EPS) estimates for shares of Monarch Casino & Resort in a research report issued on Thursday. Gabelli analyst A. Trivison now forecasts that the company will post earnings of $1.45 per share for the year, up from their previous forecast of $1.40.
Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Monarch Casino & Resort had a net margin of 11.77% and a return on equity of 11.16%. The business had revenue of $58.23 million during the quarter, compared to the consensus estimate of $58 million.
A number of other equities analysts have also recently weighed in on MCRI. Imperial Capital increased their price objective on shares of Monarch Casino & Resort from $27.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, April 13th. Stifel Nicolaus increased their price objective on shares of Monarch Casino & Resort from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research cut shares of Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, Deutsche Bank AG increased their price objective on shares of Monarch Casino & Resort from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.60.
Monarch Casino & Resort (MCRI) traded up 0.57% during mid-day trading on Monday, hitting $33.28. 12,007 shares of the stock traded hands. The stock has a market cap of $584.23 million, a P/E ratio of 22.53 and a beta of 1.04. Monarch Casino & Resort has a 12 month low of $21.13 and a 12 month high of $34.59. The stock has a 50-day moving average price of $30.77 and a 200-day moving average price of $28.58.
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Monarch Casino & Resort during the second quarter worth $173,000. KCG Holdings Inc. purchased a new stake in shares of Monarch Casino & Resort during the first quarter worth $201,000. Advisors Preferred LLC purchased a new stake in shares of Monarch Casino & Resort during the first quarter worth $208,000. Hancock Holding Co. purchased a new stake in shares of Monarch Casino & Resort during the first quarter worth $209,000. Finally, 361 Capital LLC purchased a new stake in shares of Monarch Casino & Resort during the first quarter worth $213,000. Institutional investors own 57.08% of the company’s stock.
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.
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