Q2 2019 EPS Estimates for Monarch Casino & Resort, Inc. Raised by Jefferies Financial Group (NASDAQ:MCRI)

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Monarch Casino & Resort, Inc. (NASDAQ:MCRI) – Equities researchers at Jefferies Financial Group raised their Q2 2019 earnings estimates for Monarch Casino & Resort in a research note issued on Thursday, April 25th, Zacks Investment Research reports. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.40. Jefferies Financial Group also issued estimates for Monarch Casino & Resort’s Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.54 EPS, Q3 2020 earnings at $0.81 EPS, Q4 2020 earnings at $0.72 EPS and FY2020 earnings at $2.82 EPS.

Other analysts have also recently issued reports about the company. BidaskClub upgraded Monarch Casino & Resort from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Citigroup lowered Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. Finally, ValuEngine lowered Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. Six analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $50.00.

Shares of Monarch Casino & Resort stock traded up $0.09 on Monday, reaching $44.39. The company’s stock had a trading volume of 16,471 shares, compared to its average volume of 44,314. The stock has a market capitalization of $809.91 million, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. Monarch Casino & Resort has a 52-week low of $34.45 and a 52-week high of $49.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.62 and a quick ratio of 0.56.

Monarch Casino & Resort (NASDAQ:MCRI) last released its earnings results on Wednesday, April 24th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $58.74 million during the quarter, compared to the consensus estimate of $56.40 million. Monarch Casino & Resort had a return on equity of 11.61% and a net margin of 14.16%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCRI. Wellington Management Group LLP increased its holdings in shares of Monarch Casino & Resort by 99.1% in the 1st quarter. Wellington Management Group LLP now owns 553,198 shares of the company’s stock valued at $24,297,000 after acquiring an additional 275,406 shares during the last quarter. BlackRock Inc. boosted its position in shares of Monarch Casino & Resort by 3.0% in the 3rd quarter. BlackRock Inc. now owns 1,705,125 shares of the company’s stock valued at $77,498,000 after purchasing an additional 50,260 shares during the period. Vanguard Group Inc boosted its position in shares of Monarch Casino & Resort by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 697,819 shares of the company’s stock valued at $31,716,000 after purchasing an additional 35,341 shares during the period. Vanguard Group Inc. boosted its position in shares of Monarch Casino & Resort by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 697,819 shares of the company’s stock valued at $31,716,000 after purchasing an additional 35,341 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Monarch Casino & Resort by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 153,024 shares of the company’s stock valued at $6,720,000 after purchasing an additional 16,008 shares during the period. Institutional investors and hedge funds own 59.43% of the company’s stock.

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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