Wynn Resorts (NASDAQ:WYNN) had its price target raised by Jefferies Financial Group from $160.00 to $165.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a buy rating on the casino operator’s stock. Jefferies Financial Group also issued estimates for Wynn Resorts’ Q2 2019 earnings at $1.73 EPS, Q4 2019 earnings at $2.18 EPS and FY2019 earnings at $7.33 EPS.
WYNN has been the subject of a number of other research reports. BidaskClub upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Thursday, July 4th. Telsey Advisory Group reiterated a market perform rating and issued a $120.00 price objective (down previously from $125.00) on shares of Wynn Resorts in a report on Friday, May 10th. Stifel Nicolaus set a $74.00 price objective on InterXion and gave the stock a buy rating in a report on Friday, May 10th. Credit Suisse Group reiterated a neutral rating and issued a $108.00 price objective on shares of Wynn Resorts in a report on Wednesday, March 20th. Finally, Barclays reiterated a hold rating on shares of Mettler-Toledo International in a report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Wynn Resorts has a consensus rating of Buy and a consensus target price of $147.44.
Shares of Wynn Resorts stock opened at $133.89 on Thursday. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.16 and a current ratio of 1.19. The company has a market capitalization of $14.41 billion, a P/E ratio of 20.47, a PEG ratio of 2.19 and a beta of 1.93. The company’s 50 day simple moving average is $119.97. Wynn Resorts has a 52 week low of $90.06 and a 52 week high of $167.59.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, May 9th. The casino operator reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.02. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.66 billion. Wynn Resorts had a return on equity of 35.83% and a net margin of 13.43%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.30 earnings per share. On average, equities analysts predict that Wynn Resorts will post 6.05 EPS for the current year.
Several large investors have recently modified their holdings of the company. Egerton Capital UK LLP increased its holdings in shares of Wynn Resorts by 201.7% during the first quarter. Egerton Capital UK LLP now owns 2,303,387 shares of the casino operator’s stock valued at $274,840,000 after acquiring an additional 1,539,927 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wynn Resorts by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 1,286,319 shares of the casino operator’s stock valued at $127,010,000 after acquiring an additional 91,738 shares in the last quarter. FMR LLC increased its holdings in shares of Wynn Resorts by 75.3% during the first quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock valued at $147,409,000 after acquiring an additional 530,731 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Wynn Resorts by 0.4% during the first quarter. Northern Trust Corp now owns 1,078,283 shares of the casino operator’s stock valued at $128,661,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Wynn Resorts during the fourth quarter valued at $95,365,000. Hedge funds and other institutional investors own 77.49% 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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