Wall Street analysts predict that Wynn Resorts, Limited (NASDAQ:WYNN) will report earnings per share of $1.49 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Wynn Resorts’ earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $2.11. Wynn Resorts posted earnings per share of $1.53 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The firm is scheduled to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Wynn Resorts will report full year earnings of $6.24 per share for the current financial year, with EPS estimates ranging from $5.76 to $8.00. For the next financial year, analysts expect that the company will post earnings of $7.96 per share, with EPS estimates ranging from $7.06 to $10.30. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Thursday, May 9th. The casino operator reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.66 billion. Wynn Resorts had a net margin of 13.43% and a return on equity of 35.83%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share.
Several equities analysts have issued reports on the stock. Bank of America upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $165.00 in a research note on Thursday, April 25th. Goldman Sachs Group assumed coverage on shares of Wynn Resorts in a research report on Wednesday, April 10th. They set a “neutral” rating and a $132.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, January 16th. Nomura reaffirmed a “buy” rating and set a $145.00 price objective (up from $132.00) on shares of Wynn Resorts in a research report on Thursday, January 31st. Finally, Morgan Stanley boosted their price objective on shares of Wynn Resorts from $122.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $152.00.
Shares of WYNN stock traded up $1.93 on Wednesday, reaching $125.25. 1,582,277 shares of the stock were exchanged, compared to its average volume of 2,096,667. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 4.84. The company has a market cap of $13.12 billion, a P/E ratio of 19.15, a PEG ratio of 1.94 and a beta of 1.76. Wynn Resorts has a twelve month low of $90.06 and a twelve month high of $197.68.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 22nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from Wynn Resorts’s previous quarterly dividend of $0.75. The ex-dividend date is Tuesday, May 21st. Wynn Resorts’s payout ratio is presently 45.87%.
In other news, Director Patricia Mulroy sold 425 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total value of $50,158.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Egerton Capital UK LLP raised its stake in Wynn Resorts by 201.7% during the 1st quarter. Egerton Capital UK LLP now owns 2,303,387 shares of the casino operator’s stock valued at $274,840,000 after purchasing an additional 1,539,927 shares during the last quarter. Norges Bank acquired a new position in Wynn Resorts during the 4th quarter valued at $95,365,000. Pennsylvania Trust Co acquired a new position in Wynn Resorts during the 1st quarter valued at $30,201,000. Renaissance Technologies LLC acquired a new position in Wynn Resorts during the 1st quarter valued at $56,414,000. Finally, Vanguard Group Inc raised its stake 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 valued at $1,251,608,000 after purchasing an additional 431,304 shares during the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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