$1.17 Earnings Per Share Expected for Wynn Resorts, Limited (WYNN) This Quarter

Brokerages forecast that Wynn Resorts, Limited (NASDAQ:WYNN) will post earnings of $1.17 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Wynn Resorts’ earnings, with estimates ranging from $1.10 to $1.35. Wynn Resorts reported earnings of $1.40 per share during the same quarter last year, which suggests a negative year over year growth rate of 16.4%. The business is expected to report its next quarterly earnings report on Monday, January 28th.

According to Zacks, analysts expect that Wynn Resorts will report full year earnings of $6.68 per share for the current fiscal year, with EPS estimates ranging from $6.58 to $6.85. For the next fiscal year, analysts forecast that the firm will post earnings of $6.05 per share, with EPS estimates ranging from $5.12 to $7.03. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Wednesday, November 7th. The casino operator reported $1.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Roth Capital decreased their target price on shares of Wynn Resorts from $210.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Stifel Nicolaus decreased their target price on shares of Wynn Resorts from $192.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Jefferies Financial Group downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a research report on Tuesday, August 14th. Bank of America restated a “hold” rating and set a $125.00 target price on shares of Wynn Resorts in a research report on Tuesday, October 16th. Finally, Morgan Stanley decreased their target price on shares of Wynn Resorts from $139.00 to $130.00 and set a “hold” rating for the company in a research report on Thursday, November 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Wynn Resorts currently has an average rating of “Hold” and a consensus price target of $168.11.

NASDAQ:WYNN opened at $104.99 on Wednesday. Wynn Resorts has a 12 month low of $92.50 and a 12 month high of $203.63. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a market cap of $12.00 billion, a PE ratio of 19.23, a P/E/G ratio of 0.83 and a beta of 1.59.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st were given a $0.75 dividend. The ex-dividend date was Tuesday, November 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.86%. Wynn Resorts’s dividend payout ratio (DPR) is currently 54.95%.

In other news, Director Philip G. Satre acquired 9,800 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $103.01 per share, for a total transaction of $1,009,498.00. Following the completion of the transaction, the director now owns 100 shares in the company, valued at approximately $10,301. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Dupont Capital Management Corp increased its stake in shares of Wynn Resorts by 87.9% during the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after purchasing an additional 385 shares in the last quarter. Redpoint Investment Management Pty Ltd increased its stake in shares of Wynn Resorts by 21.6% during the second quarter. Redpoint Investment Management Pty Ltd now owns 2,226 shares of the casino operator’s stock worth $372,000 after purchasing an additional 395 shares in the last quarter. Securian Asset Management Inc increased its stake in shares of Wynn Resorts by 4.9% during the second quarter. Securian Asset Management Inc now owns 8,751 shares of the casino operator’s stock worth $1,464,000 after purchasing an additional 407 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Wynn Resorts by 8.4% during the second quarter. Oppenheimer & Co. Inc. now owns 5,463 shares of the casino operator’s stock worth $914,000 after purchasing an additional 422 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Wynn Resorts by 11.7% during the second quarter. Daiwa Securities Group Inc. now owns 4,296 shares of the casino operator’s stock worth $719,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

About Wynn Resorts

Wynn Resorts, Limited 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 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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