Wynn Resorts (WYNN) Scheduled to Post Earnings on Monday

Wynn Resorts (NASDAQ:WYNN) is scheduled to be releasing 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. Parties that wish to listen to the company’s conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data 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 company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company earned $0.91 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. 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 Trading Down 0.4 %

Shares of Wynn Resorts stock opened at $95.68 on Friday. The firm’s 50 day simple moving average is $89.82 and its two-hundred day simple moving average is $88.88. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.55 and a beta of 1.81. Wynn Resorts has a 12-month low of $71.63 and a 12-month high of $110.38.

Wynn Resorts Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, August 19th. Wynn Resorts’s payout ratio is 13.57%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WYNN shares. Barclays raised their price target on shares of Wynn Resorts from $108.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Wells Fargo & Company lifted their price objective on Wynn Resorts from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. dropped their target price on Wynn Resorts from $110.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Stifel Nicolaus reduced their price target on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, September 13th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.21.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the 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 sale, the director now owns 5,689 shares of the company’s stock, valued at $447,894.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by company 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.