Wynn Resorts Ltd. (NASDAQ:WYNN) announced its earnings results on Thursday. The casino operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion.
A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group upgraded shares of Wynn Resorts from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $112.00 in a research report on Thursday, April 7th. Zacks Investment Research lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Gabelli reiterated a “buy” rating on shares of Wynn Resorts in a research report on Sunday, May 8th. Wells Fargo & Co. reissued a “hold” rating on shares of Wynn Resorts in a report on Saturday, June 4th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Wynn Resorts in a report on Sunday, June 26th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $96.77.
Wynn Resorts (NASDAQ:WYNN) traded up 2.37% during mid-day trading on Thursday, reaching $104.66. The company’s stock had a trading volume of 3,518,201 shares. Wynn Resorts has a 1-year low of $49.95 and a 1-year high of $105.69. The firm has a market capitalization of $10.61 billion and a price-to-earnings ratio of 33.83. The firm has a 50-day moving average of $96.09 and a 200 day moving average of $86.71.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau).
