Wynn Resorts (NASDAQ:WYNN) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Wynn Resorts (NASDAQ:WYNN) released its earnings results on Tuesday. The casino operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25, FiscalAI reports. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 45.05%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share.

Here are the key takeaways from Wynn Resorts’ conference call:

• Las Vegas and Boston delivered solid operating results. Wynn Las Vegas generated $215 million of EBITDA, with casino revenue up 5%, RevPAR up 3%, and retail lease revenue up 8%, while Encore Boston Harbor produced $56 million of EBITDAR and record second-quarter RevPAR and hotel revenue.
• Macau performance benefited from stronger volumes and mass-market demand. Mass drop increased 5% in the quarter, and management said rolling volumes and mass drop began recovering in late July and early August after World Cup-related weakness.
• Wynn Al Marjan Island’s opening was delayed to September 2027, and its total project budget increased by approximately $600 million. Management attributed roughly half of the increase to regional-conflict-related supply-chain and shipping disruptions, with the remainder tied to project remeasurement, coordination, and other costs.
• The company is advancing growth investments in Macau, including the 432-suite Enclave hotel tower and a new event center and theater at Wynn Palace. Construction on both projects is expected to begin soon, with completion targeted for 2028 and 2029, respectively.
• Strong liquidity supports continued shareholder returns and development spending. Wynn reported approximately $4 billion of global cash and revolver availability, approved a $150 million Wynn Macau dividend, declared a $0.25-per-share Wynn Resorts dividend, and repurchased $75 million of stock during the quarter.

Wynn Resorts Trading Up 0.5%

Wynn Resorts stock traded up $0.55 during mid-day trading on Thursday, hitting $101.70. 763,471 shares of the company’s stock were exchanged, compared to its average volume of 1,572,005. Wynn Resorts has a 1-year low of $92.52 and a 1-year high of $134.72. The stock has a 50 day moving average of $100.50 and a two-hundred day moving average of $103.83. The stock has a market cap of $10.56 billion, a P/E ratio of 25.23, a P/E/G ratio of 0.96 and a beta of 1.01.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts’s dividend payout ratio is presently 29.85%.

Wall Street Analyst Weigh In

WYNN has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $128.00 price target on shares of Wynn Resorts in a report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday. Argus increased their price target on shares of Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Wynn Resorts in a report on Wednesday, June 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.19.

Wynn Resorts News Roundup

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: Wynn reported adjusted earnings of $1.24 per share versus the $0.99 consensus estimate, while revenue rose 6.9% year over year to $1.86 billion, above expectations of $1.83 billion. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Second Quarter 2026 Results
• Positive Sentiment: Macau led growth: Wynn Palace revenue increased 21.1% to $653.4 million, while Wynn Macau revenue reached $351.1 million. Reports highlighted resilient demand from wealthy customers and continued strength in the company’s luxury segment. Wynn Resorts Q2 Earnings and Revenues Beat
• Positive Sentiment: Analyst support improved: Argus raised its price target from $115 to $130 and upgraded Wynn to “Buy,” implying substantial upside from recent trading levels. Wells Fargo retained an “Overweight” rating with a $131 target despite reducing its target from $141.
• Positive Sentiment: Future catalysts remain visible: Wynn confirmed that Wynn Al Marjan Island in the UAE is scheduled to open in September 2027. The company also repurchased approximately $75 million of stock and declared a $0.25-per-share quarterly dividend.
• Positive Sentiment: Options activity was bullish: Investors purchased 45,454 call options, roughly 684% above the average daily call volume. This signals increased speculative interest, although it is not a guarantee of future performance.
• Neutral Sentiment: Performance is mixed by market: Macau is strong, while Las Vegas operations remain comparatively slower. Management said group and convention demand is pacing well for the rest of the year. Wynn Resorts Slow in Las Vegas, Strong in Macau
• Negative Sentiment: UAE project costs may rise: JPMorgan indicated Wynn could potentially triple its UAE capital expenditures for 2027 as the project’s scope and costs increase, creating execution and funding risks.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WYNN. Palidye Holdings Caymans Ltd acquired a new stake in shares of Wynn Resorts during the 2nd quarter worth about $104,629,000. Zurich Insurance Group Ltd FI acquired a new position in Wynn Resorts in the third quarter valued at about $110,213,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Wynn Resorts by 9.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock valued at $442,890,000 after buying an additional 320,502 shares in the last quarter. Invesco Ltd. grew its stake in Wynn Resorts by 14.2% during the fourth quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator’s stock worth $242,039,000 after buying an additional 249,704 shares during the last quarter. Finally, Comerica Bank grew its stake in Wynn Resorts by 820.1% during the third quarter. Comerica Bank now owns 225,616 shares of the casino operator’s stock worth $28,940,000 after buying an additional 201,096 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.