Monarch Casino & Resort, Inc. (MCRI)

NASDAQ: MCRI · IEX Real-Time Price · USD
71.47
+0.44 (0.62%)
Mar 24, 2023, 4:00 PM EDT - Market closed
0.62%
Market Cap 1.37B
Revenue (ttm) 477.87M
Net Income (ttm) 87.48M
Shares Out 19.12M
EPS (ttm) 4.47
PE Ratio 15.99
Forward PE 29.50
Dividend $5.00 (7.00%)
Ex-Dividend Date Feb 28, 2023
Volume 91,571
Open 70.39
Previous Close 71.03
Day's Range 69.31 - 71.70
52-Week Range 54.01 - 94.26
Beta 1.69
Analysts Buy
Price Target 87.98 (+23.1%)
Earnings Date Apr 18, 2023

About MCRI

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... [Read more]

IPO Date Aug 6, 1993
Employees 2,650
Stock Exchange NASDAQ
Ticker Symbol MCRI
Full Company Profile

Financial Performance

In 2022, MCRI's revenue was $477.87 million, an increase of 20.86% compared to the previous year's $395.38 million. Earnings were $87.48 million, an increase of 27.73%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for MCRI stock is "Buy." The 12-month stock price forecast is $87.98, which is an increase of 23.10% from the latest price.

Price Target
$87.98
(23.10% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Monarch Casino (MCRI) Misses Q4 Earnings and Revenue Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of -8.06% and 1.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Monarch Casino & Resort Reports Record 2022 Fourth Quarter Financial Results

RENO, Nev., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter and full year ended Dece...

1 month ago - GlobeNewsWire

Monarch Casino & Resort Declares One-Time Cash Dividend of $5.00 Per Share; Initiates Recurring Annual Cash Dividend of $1.20 Per Share, to Be Paid in Quarterly Amounts

RENO, Nev., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today announced that its Board of Directors authorized a one-time cash dividend ...

1 month ago - GlobeNewsWire

Monarch Casino (MCRI) to Report Q4 Results: Wall Street Expects Earnings Growth

Monarch Casino (MCRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Will Monarch Casino (MCRI) Beat Estimates Again in Its Next Earnings Report?

Monarch Casino (MCRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Has Monarch Casino & Resort (MCRI) Outpaced Other Consumer Discretionary Stocks This Year?

Here is how Monarch Casino (MCRI) and Perdoceo Education (PRDO) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

New Strong Buy Stocks for December 8th

OFS, CCB, WTKWY, MCRI and SHBI have been added to the Zacks Rank #1 (Strong Buy) List on December 8, 2022.

Other symbols: CCBOFSSHBI
3 months ago - Zacks Investment Research

5 Top Stocks to Gain From Strong Consumer Spending Trends

Thanks to strong consumer spending trends, investing in consumer discretionary companies like lululemon athletica (LULU), Monarch Casino & Resort (MCRI) & Crocs (CROX) seems prudent at the moment.

Other symbols: CROXHGVLULUWH
4 months ago - Zacks Investment Research

Are Consumer Discretionary Stocks Lagging Monarch Casino & Resort (MCRI) This Year?

Here is how Monarch Casino (MCRI) and Perdoceo Education (PRDO) have performed compared to their sector so far this year.

4 months ago - Zacks Investment Research

Is Monarch Casino (MCRI) a Solid Growth Stock? 3 Reasons to Think "Yes"

Monarch Casino (MCRI) could produce exceptional returns because of its solid growth attributes.

4 months ago - Zacks Investment Research

Is Monarch Casino & Resort (MCRI) Stock Outpacing Its Consumer Discretionary Peers This Year?

Here is how Monarch Casino (MCRI) and Perdoceo Education (PRDO) have performed compared to their sector so far this year.

4 months ago - Zacks Investment Research

5 Great Relative Price Strength Stocks for Your Portfolio

Halliburton (HAL), Flex Ltd. (FLEX), United States Cellular (USM), Applied Industrial Technologies (AIT) and Monarch Casino & Resort (MCRI) are five stocks with explosive relative price strength.

Other symbols: AITFLEXHALUSM
5 months ago - Zacks Investment Research

4 Top-Rated Stocks to Buy Now for Solid Earnings Growth

Invest in stocks like e.l.f. Beauty (ELF), Monarch Casino & Resort (MCRI), Incyte (INCY) and Hubbell (HUBB) at the moment for superb earnings growth.

Other symbols: ELFHUBBINCY
5 months ago - Zacks Investment Research

Is Monarch Casino & Resort (MCRI) Outperforming Other Consumer Discretionary Stocks This Year?

Here is how Monarch Casino (MCRI) and PLAYSTUDIOS, Inc. (MYPS) have performed compared to their sector so far this year.

5 months ago - Zacks Investment Research

Monarch Casino (MCRI) is an Incredible Growth Stock: 3 Reasons Why

Monarch Casino (MCRI) possesses solid growth attributes, which could help it handily outperform the market.

5 months ago - Zacks Investment Research

Monarch Casino (MCRI) Beats Q3 Earnings and Revenue Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 11.90% and 9.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Monarch Casino & Resort Reports All-Time Record 2022 Third Quarter Financial Results

RENO, Nev., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported record operating results for the third quarter ended September 30...

5 months ago - GlobeNewsWire

7 Small-Cap Sleeper Stocks to Buy Before Wall Street Wakes Up

For those that consider themselves the ultimate contrarians, they may want to target certain small-cap sleeper stocks to buy. And believe me, we are talking about true contrarianism.

6 months ago - InvestorPlace

Monarch Casino (MCRI) Q2 Earnings Beat Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 2.78% and 0.76%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Monarch Casino & Resort Reports Record Second Quarter Financial Results

RENO, Nev., July 20, 2022 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported operating results for the second quarter ended June...

8 months ago - GlobeNewsWire

3 Best Casino Stocks to Buy Now

The best casino stocks to buy could be the entire lot right now. Inflation has scared away investors.

Other symbols: CHDNCZR
8 months ago - InvestorPlace

AGS Names David Jacques Farahi To Its Board Of Directors

Experienced Gaming Executive Increases Depth of AGS Board LAS VEGAS , July 12, 2022 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company") today announced that David Jacques Farahi has been elected to AGS...

Other symbols: AGS
9 months ago - PRNewsWire

Monarch Casino (MCRI) Q1 Earnings and Revenues Beat Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 8.24% and 2.87%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Monarch Casino (MCRI) Earnings Expected to Grow: Should You Buy?

Monarch Casino (MCRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Monarch Casino & Resort Reports Record First Quarter Financial Results

RENO, Nev., April 20, 2022 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported record operating results for the first quarter end...

1 year ago - GlobeNewsWire