Full House Resorts, Inc. to Post Q3 2022 Earnings of ($0.05) Per Share, B. Riley Forecasts (NASDAQ:FLL)

Full House Resorts, Inc. (NASDAQ:FLLGet Rating) – Equities research analysts at B. Riley decreased their Q3 2022 EPS estimates for shares of Full House Resorts in a research note issued on Wednesday, August 3rd. B. Riley analyst D. Bain now expects that the company will earn ($0.05) per share for the quarter, down from their previous estimate of ($0.04). B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Full House Resorts’ current full-year earnings is $0.08 per share. B. Riley also issued estimates for Full House Resorts’ FY2022 earnings at ($0.21) EPS, FY2023 earnings at $0.90 EPS and Q2 2024 earnings at $0.48 EPS.

Full House Resorts (NASDAQ:FLLGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. Full House Resorts had a net margin of 3.08% and a return on equity of 4.88%. The business had revenue of $41.42 million for the quarter, compared to analyst estimates of $42.70 million. During the same quarter in the prior year, the firm earned ($0.13) EPS.

Several other equities research analysts have also weighed in on FLL. StockNews.com lowered shares of Full House Resorts from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Craig Hallum decreased their price objective on shares of Full House Resorts from $18.00 to $13.00 in a report on Tuesday, May 10th.

Full House Resorts Stock Down 0.3 %

FLL opened at $6.71 on Friday. The firm’s 50-day simple moving average is $6.32 and its 200-day simple moving average is $7.86. The company has a debt-to-equity ratio of 3.56, a quick ratio of 9.99 and a current ratio of 10.04. Full House Resorts has a twelve month low of $4.82 and a twelve month high of $12.57. The firm has a market cap of $230.46 million, a price-to-earnings ratio of 47.93 and a beta of 1.85.

Insiders Place Their Bets

In related news, CFO Lewis A. Fanger acquired 12,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were purchased at an average price of $6.45 per share, with a total value of $77,400.00. Following the acquisition, the chief financial officer now directly owns 89,917 shares in the company, valued at $579,964.65. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Full House Resorts news, CFO Lewis A. Fanger bought 12,000 shares of the business’s stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $6.45 per share, for a total transaction of $77,400.00. Following the transaction, the chief financial officer now owns 89,917 shares in the company, valued at approximately $579,964.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lewis A. Fanger bought 16,083 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average price of $6.06 per share, for a total transaction of $97,462.98. Following the completion of the transaction, the chief financial officer now owns 106,000 shares in the company, valued at approximately $642,360. The disclosure for this purchase can be found here. Insiders have purchased a total of 72,583 shares of company stock valued at $424,613 in the last 90 days. 10.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC lifted its position in Full House Resorts by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 589,500 shares of the company’s stock valued at $5,665,000 after purchasing an additional 1,500 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Full House Resorts by 33.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,974 shares of the company’s stock valued at $121,000 after acquiring an additional 2,503 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Full House Resorts by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 87,965 shares of the company’s stock valued at $846,000 after acquiring an additional 2,677 shares during the period. Bank of New York Mellon Corp raised its position in shares of Full House Resorts by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 108,907 shares of the company’s stock valued at $1,047,000 after acquiring an additional 2,796 shares during the period. Finally, Chartwell Investment Partners LLC raised its position in shares of Full House Resorts by 4.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 84,321 shares of the company’s stock valued at $810,000 after acquiring an additional 3,531 shares during the period. 61.37% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Company Profile

(Get Rating)

Full House Resorts, Inc owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park.

Further Reading

Earnings History and Estimates for Full House Resorts (NASDAQ:FLL)

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