Analysts predict that Wynn Resorts, Limited (NASDAQ:WYNN) will post earnings of $1.77 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Wynn Resorts’ earnings. The highest EPS estimate is $1.90 and the lowest is $1.59. Wynn Resorts posted earnings per share of $1.24 during the same quarter last year, which would indicate a positive year over year growth rate of 42.7%. The company is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Wynn Resorts will report full year earnings of $7.62 per share for the current fiscal year, with EPS estimates ranging from $6.61 to $8.60. For the next financial year, analysts anticipate that the firm will post earnings of $9.13 per share, with EPS estimates ranging from $7.25 to $11.18. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.07. Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. Jefferies Group reaffirmed a “positive” rating and set a $220.00 price target on shares of Wynn Resorts in a report on Tuesday, January 23rd. TheStreet raised Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. UBS Group downgraded Wynn Resorts from a “buy” rating to a “neutral” rating and set a $174.00 target price for the company. in a report on Monday, January 29th. JPMorgan Chase & Co. raised Wynn Resorts from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Wednesday, December 27th. Eleven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $177.25.
Shares of Wynn Resorts (WYNN) traded up $0.27 during midday trading on Tuesday, hitting $164.28. The company had a trading volume of 3,451,100 shares, compared to its average volume of 5,494,488. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54. Wynn Resorts has a 52-week low of $92.67 and a 52-week high of $203.63. The firm has a market capitalization of $16,890.00, a P/E ratio of 41.38 and a beta of 1.59.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, February 14th. Wynn Resorts’s dividend payout ratio is currently 50.38%.
Hedge funds have recently made changes to their positions in the company. Cibc Bank USA increased its position in Wynn Resorts by 1.3% during the 4th quarter. Cibc Bank USA now owns 22,615 shares of the casino operator’s stock worth $3,813,000 after purchasing an additional 295 shares in the last quarter. New Mexico Educational Retirement Board increased its position in Wynn Resorts by 4.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 7,694 shares of the casino operator’s stock worth $1,297,000 after purchasing an additional 300 shares in the last quarter. Aperio Group LLC increased its position in Wynn Resorts by 0.9% during the 4th quarter. Aperio Group LLC now owns 35,661 shares of the casino operator’s stock worth $6,012,000 after purchasing an additional 301 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Wynn Resorts by 8.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 4,282 shares of the casino operator’s stock worth $638,000 after purchasing an additional 337 shares in the last quarter. Finally, First Personal Financial Services increased its position in Wynn Resorts by 102.9% during the 3rd quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock worth $106,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 72.80% of the company’s stock.
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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.
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