Brokerages Expect Wynn Resorts, Limited (NASDAQ:WYNN) Will Announce Earnings of -$0.01 Per Share

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Brokerages expect Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings of ($0.01) per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wynn Resorts’ earnings, with the lowest EPS estimate coming in at ($0.94) and the highest estimate coming in at $1.21. Wynn Resorts posted earnings per share of $1.61 during the same quarter last year, which would indicate a negative year over year growth rate of 100.6%. The company is scheduled to report its next earnings report on Thursday, May 14th.

On average, analysts expect that Wynn Resorts will report full-year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $0.41 to $5.93. For the next fiscal year, analysts expect that the company will report earnings of $6.38 per share, with EPS estimates ranging from $4.85 to $7.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, February 6th. The casino operator reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($1.53). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.72 billion. Wynn Resorts had a net margin of 1.86% and a return on equity of 15.43%. Wynn Resorts’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS.

Several brokerages recently weighed in on WYNN. Standpoint Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. ValuEngine upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub cut shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $136.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Cfra lowered shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Wynn Resorts has a consensus rating of “Hold” and an average target price of $144.25.

Shares of Wynn Resorts stock opened at $132.14 on Wednesday. The business has a 50-day simple moving average of $137.64 and a 200-day simple moving average of $122.40. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.05 and a current ratio of 1.09. Wynn Resorts has a one year low of $102.03 and a one year high of $153.41. The company has a market cap of $14.19 billion, a PE ratio of 114.90, a P/E/G ratio of 3.78 and a beta of 2.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Wednesday, February 26th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, February 25th. Wynn Resorts’s dividend payout ratio (DPR) is 153.26%.

In other Wynn Resorts news, CFO Craig Scott Billings sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $119.85, for a total transaction of $449,437.50. Following the sale, the chief financial officer now owns 66,451 shares of the company’s stock, valued at $7,964,152.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matt Maddox sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.18, for a total transaction of $3,004,500.00. Following the sale, the chief executive officer now owns 368,651 shares of the company’s stock, valued at approximately $44,304,477.18. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank acquired a new stake in shares of Wynn Resorts in the 4th quarter valued at about $28,000. Manchester Financial Inc. acquired a new position in Wynn Resorts during the fourth quarter worth approximately $41,000. Howe & Rusling Inc. acquired a new position in Wynn Resorts during the third quarter worth approximately $48,000. Firestone Capital Management purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $50,000. Finally, Solstein Capital LLC purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $50,000. 72.65% of the stock is currently owned by hedge funds and other institutional investors.

About Wynn Resorts

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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Earnings History and Estimates for Wynn Resorts (NASDAQ:WYNN)

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