Wynn Resorts (WYNN) Scheduled to Announce Quarterly Earnings on Monday

Wynn Resorts (NASDAQ:WYNN) will announce its earnings results before the market opens on Monday, April 23rd. Analysts expect the company to announce earnings of $1.78 per share for the quarter.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.07. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, analysts expect Wynn Resorts to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

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Shares of WYNN opened at $192.51 on Friday. The firm has a market cap of $19,770.06, a price-to-earnings ratio of 35.26 and a beta of 1.40. The company has a debt-to-equity ratio of 8.87, a current ratio of 1.77 and a quick ratio of 1.74. Wynn Resorts has a twelve month low of $114.40 and a twelve month high of $203.63.

Several equities research analysts have weighed in on WYNN shares. Goldman Sachs raised shares of Wynn Resorts from a “sell” rating to a “neutral” rating in a research report on Sunday, February 4th. Citigroup set a $228.00 price target on shares of Wynn Resorts and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Nomura raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and increased their price target for the company from $175.00 to $211.00 in a research report on Wednesday, February 7th. BidaskClub raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Group initiated coverage on shares of Wynn Resorts in a research report on Thursday, January 18th. They set a “buy” rating and a $202.00 price target for the company. Nine equities research 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 company. The stock currently has a consensus rating of “Buy” and a consensus price target of $190.03.

In related news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $180.00, for a total value of $738,899,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is owned by company insiders.

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About Wynn Resorts

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

Earnings History for Wynn Resorts (NASDAQ:WYNN)

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