Wynn Resorts (WYNN) to Release Quarterly Earnings on Monday

Wynn Resorts (NASDAQ:WYNN) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Wynn Resorts to post earnings of $1.17 per share for the quarter.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). Wynn Resorts had a net margin of 12.22% and a negative return on equity of 53.84%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wynn Resorts Stock Up 1.3 %

Shares of WYNN traded up $1.31 during mid-day trading on Tuesday, reaching $99.93. 169,409 shares of the company’s stock were exchanged, compared to its average volume of 2,112,794. Wynn Resorts has a 52-week low of $71.63 and a 52-week high of $110.38. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.54 and a beta of 1.81. The company has a 50-day simple moving average of $88.19 and a two-hundred day simple moving average of $88.81.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, August 19th. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.70%.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,650 shares of Wynn Resorts stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WYNN has been the topic of several recent research reports. Jefferies Financial Group reduced their price objective on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. StockNews.com lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Wells Fargo & Company raised their target price on shares of Wynn Resorts from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays lifted their target price on shares of Wynn Resorts from $108.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Wynn Resorts from $131.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $116.21.

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.