Wynn Resorts (NASDAQ:WYNN – Get Free Report) released its quarterly earnings results on Tuesday. The casino operator reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16, RTT News reports. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS.
Wynn Resorts Trading Down 0.7 %
NASDAQ WYNN opened at $97.23 on Wednesday. Wynn Resorts has a 52 week low of $81.65 and a 52 week high of $113.50. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 16.26 and a beta of 1.91. The company has a 50-day moving average price of $100.38 and a two-hundred day moving average price of $95.38.
Wynn Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Wynn Resorts’s dividend payout ratio is presently 16.72%.
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Analyst Ratings Changes
A number of equities analysts have weighed in on WYNN shares. StockNews.com upgraded Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Macquarie upped their price target on Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Barclays increased their target price on Wynn Resorts from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Wells Fargo & Company raised their price target on shares of Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Mizuho initiated coverage on shares of Wynn Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $131.00 price target for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.43.
View Our Latest Stock Report on WYNN
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.
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