Analysts expect Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings of $1.34 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Wynn Resorts’ earnings, with estimates ranging from $1.10 to $2.47. Wynn Resorts posted earnings per share of $1.40 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The business is scheduled to issue its next earnings results on Monday, January 28th.
According to Zacks, analysts expect that Wynn Resorts will report full year earnings of $6.65 per share for the current year, with EPS estimates ranging from $6.58 to $6.72. For the next year, analysts expect that the business will post earnings of $6.49 per share, with EPS estimates ranging from $5.12 to $10.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS.
Several brokerages have recently weighed in on WYNN. Telsey Advisory Group dropped their price target on shares of Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating on the stock in a research note on Thursday. Credit Suisse Group began coverage on shares of Wynn Resorts in a research note on Tuesday, August 14th. They set a “neutral” rating and a $155.00 price target on the stock. ValuEngine cut shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Bank of America dropped their price target on shares of Wynn Resorts from $125.00 to $114.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price target on shares of Wynn Resorts from $224.00 to $213.00 and set an “overweight” rating on the stock in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $168.11.
Shares of Wynn Resorts stock traded up $1.18 on Monday, hitting $99.50. 3,005,103 shares of the company’s stock were exchanged, compared to its average volume of 3,184,762. The stock has a market capitalization of $10.69 billion, a PE ratio of 18.22, a P/E/G ratio of 0.68 and a beta of 1.56. Wynn Resorts has a 1 year low of $92.50 and a 1 year high of $203.63. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.14 and a quick ratio of 1.04.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, November 20th. Wynn Resorts’s dividend payout ratio (DPR) is 54.95%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of Wynn Resorts by 115.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock valued at $103,000 after buying an additional 329 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Wynn Resorts by 87.9% during the 2nd quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock valued at $138,000 after buying an additional 385 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its holdings in Wynn Resorts by 21.6% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 2,226 shares of the casino operator’s stock valued at $372,000 after acquiring an additional 395 shares during the last quarter. Securian Asset Management Inc increased its holdings in Wynn Resorts by 4.9% in the 2nd quarter. Securian Asset Management Inc now owns 8,751 shares of the casino operator’s stock valued at $1,464,000 after acquiring an additional 407 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Wynn Resorts by 8.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 5,463 shares of the casino operator’s stock valued at $914,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 75.23% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 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.
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