Wynn Resorts (WYNN) Scheduled to Post Quarterly Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.23 per share for the quarter.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, May 7th. The casino operator reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16. Wynn Resorts had a negative return on equity of 46.04% and a net margin of 12.36%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. On average, analysts expect Wynn Resorts to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wynn Resorts Stock Up 1.4 %

Shares of NASDAQ:WYNN traded up $1.15 on Wednesday, reaching $83.66. The company had a trading volume of 93,911 shares, compared to its average volume of 1,789,093. Wynn Resorts has a twelve month low of $80.02 and a twelve month high of $110.38. The stock has a 50-day moving average price of $88.44 and a 200 day moving average price of $95.72. The stock has a market capitalization of $9.38 billion, a P/E ratio of 11.30 and a beta of 1.82.

Wynn Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. Wynn Resorts’s dividend payout ratio is currently 13.70%.

Insider Activity

In other news, Director Betsy S. Atkins sold 2,446 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $94.39, for a total value of $230,877.94. Following the transaction, the director now owns 9,226 shares of the company’s stock, valued at approximately $870,842.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WYNN. Morgan Stanley reduced their price target on Wynn Resorts from $115.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Seaport Res Ptn raised Wynn Resorts from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Jefferies Financial Group dropped their price objective on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $132.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Finally, Citigroup boosted their price target on Wynn Resorts from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.53.

Wynn Resorts Company Profile

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.