Wynn Resorts (NASDAQ:WYNN) Issues Quarterly Earnings Results

Wynn Resorts (NASDAQ:WYNN) issued its earnings results on Monday. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.27), RTT News reports. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share.

Wynn Resorts Trading Down 0.0 %

WYNN stock traded down $0.03 during mid-day trading on Monday, hitting $95.65. 2,055,290 shares of the company were exchanged, compared to its average volume of 2,114,187. Wynn Resorts has a 1-year low of $71.63 and a 1-year high of $110.38. The business has a 50 day simple moving average of $89.82 and a 200-day simple moving average of $88.81. The stock has a market capitalization of $10.62 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 2.49 and a beta of 1.80.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.05%. Wynn Resorts’s dividend payout ratio is currently 13.57%.

Wall Street Analyst Weigh In

WYNN has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of Wynn Resorts from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Susquehanna upped their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Barclays boosted their price target on shares of Wynn Resorts from $108.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wynn Resorts has an average rating of “Moderate Buy” and a consensus target price of $116.21.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares of the company’s stock, valued at $447,894.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Company Profile

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.