Several other equities research analysts have also weighed in on WYNN. UBS AG reiterated a buy rating on shares of Wynn Resorts, Limited in a research note on Tuesday, April 11th. Instinet lowered their price objective on Wynn Resorts, Limited from $103.00 to $99.00 and set a neutral rating on the stock in a research note on Monday, April 3rd. Vetr downgraded Wynn Resorts, Limited from a buy rating to a hold rating and set a $119.59 target price on the stock. in a report on Monday, April 10th. Telsey Advisory Group reissued an outperform rating and issued a $145.00 target price (up from $110.00) on shares of Wynn Resorts, Limited in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a hold rating and issued a $138.00 target price on shares of Wynn Resorts, Limited in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Wynn Resorts, Limited presently has an average rating of Hold and a consensus price target of $125.62.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at 130.07 on Wednesday. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 48.68 and a beta of 1.72. The stock has a 50 day moving average price of $133.18 and a 200-day moving average price of $117.50. Wynn Resorts, Limited has a 12-month low of $82.51 and a 12-month high of $139.67.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was up 44.5% compared to the same quarter last year. Equities analysts forecast that Wynn Resorts, Limited will post $4.92 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.
In related news, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of Wynn Resorts, Limited stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. Following the completion of the transaction, the director now directly owns 8,011 shares in the company, valued at $1,026,048.88. The disclosure for this sale can be found here. Insiders sold 73,309 shares of company stock worth $9,693,891 over the last three months. 13.20% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. raised its stake in shares of Wynn Resorts, Limited by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,536 shares of the casino operator’s stock worth $7,855,000 after buying an additional 2,225 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth approximately $222,000. Kentucky Retirement Systems acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth approximately $498,000. Teachers Advisors LLC raised its position in shares of Wynn Resorts, Limited by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 88,872 shares of the casino operator’s stock worth $7,688,000 after buying an additional 5,198 shares during the period. Finally, Elkhorn Investments LLC acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth approximately $756,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.
Wynn Resorts, Limited Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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