Wynn Resorts, Limited (NASDAQ:WYNN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $134.1875.
Several equities research analysts recently commented on the company. The Goldman Sachs Group set a $120.00 price objective on Wynn Resorts in a report on Wednesday, July 15th. Truist Financial started coverage on shares of Wynn Resorts in a research note on Wednesday, July 8th. They set a “buy” rating and a $125.00 target price on the stock. Barclays lifted their price target on shares of Wynn Resorts from $134.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America decreased their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Zacks Research cut shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th.
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Hedge Funds Weigh In On Wynn Resorts
Wynn Resorts News Summary
Here are the key news stories impacting Wynn Resorts this week:
- Positive Sentiment: Q2 earnings beat expectations. Wynn reported $1.24 in adjusted earnings per share versus the $0.99 consensus estimate, while revenue rose 6.9% year over year to $1.86 billion, ahead of the $1.83 billion forecast. Results benefited from broad-based demand in Las Vegas, Boston and Macau, particularly at Wynn Palace. Wynn Resorts Second-Quarter Revenue Rises on Demand from Wealthy Customers
- Positive Sentiment: Capital returns are supporting the investment case. The company declared a $0.25-per-share dividend and completed its long-running $2.74 billion share-repurchase program. Investors viewed the combination of higher profitability, dividends and buybacks favorably. How Strong Q2 Results And Capital Returns at Wynn Resorts Have Changed Its Investment Story
- Positive Sentiment: Analysts see potential upside. Argus raised its price target from $115 to $130 and reiterated a Buy rating. Another analysis estimated that WYNN could be roughly 25% undervalued following the earnings beat and buyback update. Analysts Offer Insights on Wynn Resorts and MercadoLibre
- Neutral Sentiment: Macau remains strong but faces execution risks. Analysts highlighted robust Wynn Palace demand, although a new hotel could create table-management challenges if bettor demand rises faster than available capacity. Bettor Demand Could Create Table-Management Challenges at Wynn Palace
- Negative Sentiment: Wynn Al Marjan Island remains a concern. The UAE project is progressing but has been delayed and is experiencing cost increases, creating uncertainty around timing, capital spending and returns. Wynn Q2 Deep Dive
- Negative Sentiment: Some analysts remain cautious. Wells Fargo issued a pessimistic price forecast, while Wynn Macau disclosed accounting differences related to Wynn Resorts’ unaudited filing. The disclosures may temper enthusiasm despite the earnings beat.
Wynn Resorts Trading Up 1.0%
Shares of WYNN opened at $102.54 on Tuesday. The business’s fifty day simple moving average is $100.53 and its two-hundred day simple moving average is $103.74. Wynn Resorts has a 12 month low of $92.52 and a 12 month high of $134.72. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.00 and a beta of 1.01.
Wynn Resorts (NASDAQ:WYNN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Wynn Resorts had a negative return on equity of 45.05% and a net margin of 6.05%.The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, research analysts forecast that Wynn Resorts will post 4.54 EPS for the current year.
Wynn Resorts Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts’s dividend payout ratio is presently 24.81%.
Wynn Resorts Company Profile
Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.
Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.
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