Shares of Wynn Resorts, Limited (NASDAQ:WYNN) reached a new 52-week low on Thursday . The company traded as low as $114.10 and last traded at $117.00, with a volume of 109100 shares. The stock had previously closed at $115.11.
A number of analysts recently weighed in on WYNN shares. Stifel Nicolaus dropped their price objective on shares of Wynn Resorts from $207.00 to $192.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Jefferies Financial Group cut shares of Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a report on Tuesday, August 14th. BidaskClub cut shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Morgan Stanley reissued a “hold” rating on shares of Wynn Resorts in a research note on Thursday, July 5th. Finally, Susquehanna Bancshares lowered their target price on shares of Wynn Resorts from $204.00 to $187.00 and set a “positive” rating on the stock in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $189.63.
The company has a market cap of $13.80 billion, a P/E ratio of 21.35, a PEG ratio of 0.84 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 4.47.
Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, August 1st. The casino operator reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.96 by ($0.43). Wynn Resorts had a net margin of 7.90% and a return on equity of 69.17%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $1.18 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts anticipate that Wynn Resorts, Limited will post 7.58 earnings per share for the current year.
Several large investors have recently bought and sold shares of WYNN. Dimensional Fund Advisors LP boosted its holdings in shares of Wynn Resorts by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 328,072 shares of the casino operator’s stock worth $59,827,000 after buying an additional 7,003 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Wynn Resorts by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 66,140 shares of the casino operator’s stock worth $11,974,000 after buying an additional 9,437 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Wynn Resorts by 11.8% in the first quarter. Allianz Asset Management GmbH now owns 57,917 shares of the casino operator’s stock worth $10,561,000 after buying an additional 6,103 shares during the period. United Capital Financial Advisers LLC acquired a new position in shares of Wynn Resorts in the first quarter worth about $263,000. Finally, Element Capital Management LLC acquired a new position in shares of Wynn Resorts in the first quarter worth about $250,000. Institutional investors own 75.28% of the company’s stock.
About Wynn Resorts (NASDAQ:WYNN)
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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