Wynn Resorts, Limited (NASDAQ:WYNN) Plans $1.00 Dividend

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Wynn Resorts, Limited (NASDAQ:WYNN) declared a dividend on Wednesday, November 6th, Fidelity reports. Shareholders of record on Thursday, November 14th will be given a dividend of 1.00 per share by the casino operator on Friday, November 22nd. The ex-dividend date is Wednesday, November 13th.

NASDAQ:WYNN opened at $125.49 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 5.00. The firm has a 50-day moving average price of $114.18 and a two-hundred day moving average price of $120.46. Wynn Resorts has a twelve month low of $90.06 and a twelve month high of $151.50. The company has a market capitalization of $13.64 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.38 and a beta of 2.07.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, November 6th. The casino operator reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.73). Wynn Resorts had a net margin of 12.41% and a return on equity of 34.98%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business posted $1.68 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts predict that Wynn Resorts will post 5.21 earnings per share for the current year.

A number of equities research analysts have recently commented on WYNN shares. Deutsche Bank set a $150.00 price target on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. UBS Group lowered their price target on shares of Wynn Resorts from $119.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, August 21st. ValuEngine downgraded shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Goldman Sachs Group upgraded shares of Wynn Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $155.00 in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $137.00.

In related news, CEO Matt Maddox sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $122.47, for a total value of $3,061,750.00. Following the completion of the sale, the chief executive officer now directly owns 407,107 shares in the company, valued at $49,858,394.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 75,000 shares of company stock valued at $8,750,250. 0.58% of the stock is owned by insiders.

Wynn Resorts Company Profile

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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Dividend History for Wynn Resorts (NASDAQ:WYNN)

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