Wynn Resorts, Limited Declares Quarterly Dividend of $0.50 (NASDAQ:WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN) declared a quarterly dividend on Monday, January 22nd, RTT News reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.50 per share by the casino operator on Tuesday, February 27th. This represents a $2.00 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, February 14th.

Wynn Resorts (NASDAQ WYNN) traded down $0.50 on Wednesday, hitting $164.16. The stock had a trading volume of 2,116,426 shares, compared to its average volume of 5,811,985. Wynn Resorts has a fifty-two week low of $92.67 and a fifty-two week high of $203.63. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54. The company has a market cap of $16,870.00, a P/E ratio of 22.58 and a beta of 1.59.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. equities analysts forecast that Wynn Resorts will post 7.62 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on WYNN shares. TheStreet upgraded Wynn Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, December 12th. Gabelli reiterated a “buy” rating and issued a $230.00 price target on shares of Wynn Resorts in a research note on Tuesday, January 23rd. Citigroup set a $228.00 price target on Wynn Resorts and gave the company a “buy” rating in a research note on Tuesday, January 23rd. BidaskClub upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Finally, Jefferies Group began coverage on Wynn Resorts in a research note on Thursday, January 18th. They issued a “buy” rating and a $202.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $177.57.

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About Wynn Resorts

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Dividend History for Wynn Resorts (NASDAQ:WYNN)

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