Analysts expect Wynn Resorts, Limited (NASDAQ:WYNN) to post $1.51 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Wynn Resorts’ earnings. The highest sales estimate is $1.56 billion and the lowest is $1.44 billion. Wynn Resorts posted sales of $1.69 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 10.7%. The business is scheduled to report its next quarterly earnings report on Monday, January 28th.
According to Zacks, analysts expect that Wynn Resorts will report full-year sales of $6.54 billion for the current financial year, with estimates ranging from $6.47 billion to $6.59 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.74 billion, with estimates ranging from $6.44 billion to $6.91 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.01). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. Wynn Resorts had a net margin of 8.92% and a return on equity of 56.04%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share.
Several analysts recently issued reports on WYNN shares. Credit Suisse Group cut their target price on shares of Wynn Resorts from $137.00 to $119.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Bank of America restated a “hold” rating and set a $125.00 target price on shares of Wynn Resorts in a research report on Tuesday, October 16th. ValuEngine lowered shares of Wynn Resorts from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. BidaskClub lowered shares of Wynn Resorts from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 29th. Finally, Morgan Stanley cut their target price on shares of Wynn Resorts from $139.00 to $130.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $168.11.
In other news, Director Philip G. Satre purchased 9,800 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $103.01 per share, for a total transaction of $1,009,498.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at approximately $10,301. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.95% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WYNN. Dupont Capital Management Corp boosted its position in shares of Wynn Resorts by 87.9% during the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after acquiring an additional 385 shares during the last quarter. Aperio Group LLC boosted its position in shares of Wynn Resorts by 3.8% during the second quarter. Aperio Group LLC now owns 42,118 shares of the casino operator’s stock worth $7,048,000 after acquiring an additional 1,559 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Wynn Resorts by 4.5% during the second quarter. TD Asset Management Inc. now owns 94,900 shares of the casino operator’s stock worth $15,881,000 after acquiring an additional 4,065 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Wynn Resorts by 32.9% during the second quarter. Commonwealth Equity Services LLC now owns 15,263 shares of the casino operator’s stock worth $2,554,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Wynn Resorts by 7.5% during the second quarter. Comerica Bank now owns 21,530 shares of the casino operator’s stock worth $3,552,000 after acquiring an additional 1,509 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.
Shares of NASDAQ WYNN opened at $112.41 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.14 and a quick ratio of 1.11. The company has a market cap of $12.00 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.59. Wynn Resorts has a 12-month low of $92.50 and a 12-month high of $203.63.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st were given a $0.75 dividend. The ex-dividend date was Tuesday, November 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.67%. Wynn Resorts’s payout ratio is currently 54.95%.
About Wynn Resorts
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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