Wynn Resorts (WYNN) Set to Announce Quarterly Earnings on Monday

Wynn Resorts (NASDAQ:WYNN) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last released 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). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. Wynn Resorts’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. 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 %

Wynn Resorts stock opened at $95.68 on Friday. Wynn Resorts has a 12-month low of $71.63 and a 12-month high of $110.38. The stock has a market cap of $10.62 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 2.49 and a beta of 1.80. The company has a fifty day simple moving average of $89.82 and a 200-day simple moving average of $88.88.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. Wynn Resorts’s dividend payout ratio (DPR) is presently 13.57%.

Insider Transactions at Wynn Resorts

In other news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the transaction, the director now directly owns 5,689 shares in the company, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WYNN shares. Morgan Stanley boosted their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Susquehanna boosted their price target on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. Jefferies Financial Group reduced their price target on shares of Wynn Resorts from $111.00 to $96.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. UBS Group raised shares of Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of Wynn Resorts from $121.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.21.

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.