Wynn Resorts (WYNN) to Release Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.23 per share for the quarter.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.16. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. Wynn Resorts had a net margin of 12.36% and a negative return on equity of 46.04%. Wynn Resorts’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, analysts expect Wynn Resorts to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wynn Resorts Stock Performance

Shares of WYNN stock traded up $1.15 during midday trading on Wednesday, hitting $83.66. 93,911 shares of the company were exchanged, compared to its average volume of 1,789,093. The firm has a market capitalization of $9.38 billion, a P/E ratio of 11.30 and a beta of 1.82. The firm’s 50 day moving average price is $88.44 and its two-hundred day moving average price is $95.72. Wynn Resorts has a 52 week low of $80.02 and a 52 week high of $110.38.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, May 17th. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Analyst Ratings Changes

WYNN has been the subject of a number of recent analyst reports. Argus raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Thursday, May 23rd. Morgan Stanley decreased their price objective on shares of Wynn Resorts from $115.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Mizuho began coverage on shares of Wynn Resorts in a research note on Thursday, April 4th. They set a “buy” rating and a $131.00 target price on the stock. Citigroup increased their target price on shares of Wynn Resorts from $132.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus raised their price objective on shares of Wynn Resorts from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and an average target price of $119.53.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Betsy S. Atkins sold 2,446 shares of Wynn Resorts stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $94.39, for a total transaction of $230,877.94. Following the completion of the transaction, the director now directly owns 9,226 shares of the company’s stock, valued at $870,842.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.