Positive News Coverage Extremely Likely to Affect Monarch Casino & Resort (MCRI) Share Price
Media coverage about Monarch Casino & Resort (NASDAQ:MCRI) has been trending positive on Friday, Alpha One Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monarch Casino & Resort earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Monarch Casino & Resort (NASDAQ:MCRI) traded down 0.78% during midday trading on Friday, reaching $29.24. 12,018 shares of the company’s stock were exchanged. Monarch Casino & Resort has a 1-year low of $18.54 and a 1-year high of $30.09. The stock has a market cap of $511.00 million, a P/E ratio of 21.04 and a beta of 0.96. The firm’s 50-day moving average is $28.82 and its 200 day moving average is $25.70.
Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Wednesday, February 22nd. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The business had revenue of $55.60 million for the quarter, compared to the consensus estimate of $53.70 million. Monarch Casino & Resort had a net margin of 10.91% and a return on equity of 10.88%. Equities analysts anticipate that Monarch Casino & Resort will post $1.48 earnings per share for the current fiscal year.
A number of research firms have issued reports on MCRI. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Wednesday, January 4th. Imperial Capital increased their target price 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.
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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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