Brokerages expect Wynn Resorts, Limited (NASDAQ:WYNN) to post $1.17 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wynn Resorts’ earnings. The highest EPS estimate is $1.35 and the lowest is $1.10. Wynn Resorts reported earnings per share of $1.40 in the same quarter last year, which suggests a negative year-over-year growth rate of 16.4%. The company is expected to issue its next quarterly earnings results on Monday, January 28th.
According to Zacks, analysts expect that Wynn Resorts will report full-year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.58 to $6.85. For the next fiscal year, analysts expect that the business will report earnings of $6.05 per share, with EPS estimates ranging from $5.12 to $7.03. Zacks’ EPS averages are an average based on a survey of research analysts 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). Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Wynn Resorts’s revenue for the quarter was up 10.2% compared to the same quarter last year.
WYNN has been the subject of a number of recent analyst reports. BidaskClub downgraded Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Jefferies Financial Group downgraded Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a report on Tuesday, August 14th. Sanford C. Bernstein initiated coverage on Wynn Resorts in a report on Thursday, November 15th. They issued an “outperform” rating for the company. ValuEngine raised Wynn Resorts from a “strong sell” rating to a “sell” rating in a report on Monday, November 26th. Finally, Morgan Stanley reissued a “hold” rating on shares of Wynn Resorts in a report on Monday, December 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $168.11.
Wynn Resorts stock traded up $1.44 during midday trading on Wednesday, reaching $106.43. The company’s stock had a trading volume of 148,748 shares, compared to its average volume of 2,813,415. Wynn Resorts has a fifty-two week low of $92.50 and a fifty-two week high of $203.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 1.11 and a current ratio of 1.14. The company has a market cap of $11.42 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.58.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 21st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, November 20th. Wynn Resorts’s dividend payout ratio (DPR) is presently 54.95%.
In other news, Director Philip G. Satre purchased 9,800 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $103.01 per share, with a total value of $1,009,498.00. Following the purchase, the director now directly owns 100 shares of the company’s stock, valued at approximately $10,301. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. increased its position in Wynn Resorts by 254.0% during the 3rd quarter. Marshall Wace North America L.P. now owns 34,673 shares of the casino operator’s stock worth $4,406,000 after purchasing an additional 24,879 shares in the last quarter. Vanguard Group Inc. increased its position in Wynn Resorts by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,850,529 shares of the casino operator’s stock worth $1,251,608,000 after purchasing an additional 431,304 shares in the last quarter. Morgan Stanley increased its position in Wynn Resorts by 7.5% during the 3rd quarter. Morgan Stanley now owns 584,000 shares of the casino operator’s stock worth $74,203,000 after purchasing an additional 40,669 shares in the last quarter. Legal & General Group Plc increased its position in Wynn Resorts by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 394,023 shares of the casino operator’s stock worth $50,064,000 after purchasing an additional 12,369 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp increased its position in Wynn Resorts by 177.6% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 100,000 shares of the casino operator’s stock worth $12,706,000 after purchasing an additional 63,981 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.
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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