Monarch Casino & Resort (MCRI) Scheduled to Post Quarterly Earnings on Wednesday

Monarch Casino & Resort (NASDAQ:MCRI) will post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Monarch Casino & Resort to post earnings of $1.12 per share for the quarter.

Monarch Casino & Resort Trading Up 0.5 %

NASDAQ:MCRI opened at $69.07 on Tuesday. The company has a 50-day moving average of $67.43 and a 200-day moving average of $68.82. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 16.33 and a beta of 1.74. Monarch Casino & Resort has a twelve month low of $56.25 and a twelve month high of $75.40.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their target price on shares of Monarch Casino & Resort from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th.

Insiders Place Their Bets

In other news, CEO John Farahi sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $68.00, for a total transaction of $136,000.00. Following the sale, the chief executive officer now owns 525,310 shares in the company, valued at $35,721,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.94% 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 and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.