Wynn Resorts (NASDAQ:WYNN – Get Free Report) announced its quarterly earnings data on Tuesday. The casino operator reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.16, RTT News reports. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Wynn Resorts’s revenue was up 30.9% compared to the same quarter last year.
Wynn Resorts Stock Up 0.7 %
Shares of WYNN stock traded up $0.66 during trading on Thursday, reaching $96.41. 352,991 shares of the company’s stock were exchanged, compared to its average volume of 1,804,503. The firm’s fifty day moving average price is $100.24 and its 200-day moving average price is $95.39. Wynn Resorts has a twelve month low of $81.65 and a twelve month high of $113.50. The stock has a market capitalization of $10.81 billion, a PE ratio of 16.01 and a beta of 1.91.
Wynn Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. Wynn Resorts’s dividend payout ratio is 16.72%.
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Analyst Ratings Changes
WYNN has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Macquarie boosted their price target on shares of Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Barclays boosted their target price on Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Morgan Stanley lifted their price objective on Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on Wynn Resorts from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.64.
View Our Latest Stock Analysis on Wynn Resorts
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.
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