Wynn Resorts (NASDAQ:WYNN – Get Free Report) announced its earnings results on Thursday. The casino operator reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19), Zacks reports. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis.
Here are the key takeaways from Wynn Resorts’ conference call:
- Wynn Las Vegas reported $158.8 million in adjusted property EBITDA, with unfavorable gaming hold reducing results by nearly $24 million and summer softness weighing on the quarter. RevPAR and ADR were each up 3%, while retail lease revenue rose 8%, suggesting demand remained resilient.
- Management said October was strong in Las Vegas and the fourth quarter is benefiting from F1, conventions, and the NFL season; F1 is pacing ahead of last year in rate and occupancy. Group and convention bookings for 2027 are also ahead of the pace for 2025 and 2026 at this point.
- Macau generated $255.3 million in adjusted property EBITDA, including a roughly $12.3 million benefit from above-theoretical VIP hold, but September was soft and volumes declined late in October. Wynn has started construction on the Enclave, theater, and event center, with openings planned for 2028 and early 2029.
- Wynn Al Marjan Island remains on schedule to open in September 2027, but the project budget was raised by $600 million and Wynn estimates its remaining equity requirement, including Janu, at $465 million to $590 million. Management said costs are substantially locked in while noting continued uncertainty from the regional conflict.
- The company reported $4 billion in global cash and revolver availability and continued shareholder returns, including $58.1 million in quarterly share repurchases and a $0.25-per-share dividend. Wynn Macau also approved a $150 million 2026 interim dividend, up from $125 million the prior year.
Wynn Resorts Price Performance
NASDAQ:WYNN opened at $83.11 on Friday. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 0.93 and a beta of 0.96. Wynn Resorts has a 1-year low of $70.79 and a 1-year high of $134.72. The company’s 50-day moving average is $80.68 and its two-hundred day moving average is $97.68.
Wynn Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Wynn Resorts’s dividend payout ratio (DPR) is 29.85%.
Analyst Ratings Changes
WYNN has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $93.00 price objective on shares of Wynn Resorts in a research report on Friday. Mizuho lowered their target price on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Wolfe Research began coverage on Wynn Resorts in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $128.00 price target for the company. Finally, Argus upped their price target on Wynn Resorts from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.24.
Check Out Our Latest Stock Report on Wynn Resorts
Wynn Resorts News Summary
Here are the key news stories impacting Wynn Resorts this week:
- Positive Sentiment: Wynn said its Al Marjan Island resort in the UAE remains on track for a September 2027 opening. Continued progress may support its longer-term growth outlook, though the project requires substantial additional equity funding. Article: Wynn outlines remaining Al Marjan equity
- Positive Sentiment: The company declared a quarterly cash dividend of $0.25 per share, payable November 30 to shareholders of record November 16. Article: Wynn Resorts declares quarterly cash dividend
- Neutral Sentiment: Several analysts lowered price targets after the results but maintained positive ratings. Deutsche Bank kept Buy at $116; Macquarie retained Outperform at $128; Barclays and Wells Fargo maintained Overweight at $120 and $122, respectively. Other target cuts included Jefferies to $132 and Mizuho to $129. The ratings remain supportive, but the reductions reflect a more cautious outlook. Article: Deutsche Bank adjusts Wynn Resorts price target
- Negative Sentiment: Third-quarter revenue fell 7.9% year over year to $1.69 billion, missing estimates, and EPS of $0.33 also came in below expectations and was down from $0.86 a year earlier. Softer Macau gaming, unfavorable Las Vegas hold and Boston labor disruptions weighed on results, with declines reported across all four operating segments. Article: Wynn Resorts Q3 earnings miss estimates
- Negative Sentiment: Wynn is maintaining its UAE opening timetable amid war-related uncertainty, while the project’s rising investment and remaining equity needs add funding and execution risk. Article: Wynn holds UAE casino date amid war
About Wynn Resorts
Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.
The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.
Wynn Resorts was founded in 2002 by casino executive Steve Wynn.
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