Analysts forecast that Wynn Resorts, Limited (NASDAQ:WYNN) will announce $1.75 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Wynn Resorts’ earnings, with the lowest sales estimate coming in at $1.68 billion and the highest estimate coming in at $1.85 billion. Wynn Resorts reported sales of $1.69 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, January 29th.
According to Zacks, analysts expect that Wynn Resorts will report full year sales of $6.71 billion for the current fiscal year, with estimates ranging from $6.64 billion to $6.81 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.23 billion, with estimates ranging from $7.09 billion to $7.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Wednesday, November 6th. The casino operator reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.73). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. Wynn Resorts had a return on equity of 25.33% and a net margin of 10.12%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS.
In other Wynn Resorts news, CFO Craig Scott Billings sold 3,750 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $119.85, for a total value of $449,437.50. Following the completion of the sale, the chief financial officer now directly owns 66,451 shares in the company, valued at $7,964,152.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matt Maddox sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $120.18, for a total value of $3,004,500.00. Following the completion of the sale, the chief executive officer now directly owns 368,651 shares of the company’s stock, valued at approximately $44,304,477.18. The disclosure for this sale can be found here. Insiders have sold 103,750 shares of company stock valued at $12,204,188 in the last three months. 0.58% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Wynn Resorts during the second quarter valued at $31,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Wynn Resorts during the 2nd quarter valued at about $35,000. Lenox Wealth Advisors LLC acquired a new position in shares of Wynn Resorts in the third quarter valued at about $35,000. Howe & Rusling Inc. purchased a new position in shares of Wynn Resorts in the third quarter worth about $48,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Wynn Resorts by 27.1% in the second quarter. Golden State Wealth Management LLC now owns 479 shares of the casino operator’s stock worth $59,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.
Shares of NASDAQ WYNN opened at $121.68 on Monday. Wynn Resorts has a twelve month low of $90.06 and a twelve month high of $151.50. The firm has a market cap of $12.70 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.63 and a beta of 2.07. The business has a fifty day simple moving average of $120.19 and a two-hundred day simple moving average of $117.98. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 5.75.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.00 annualized dividend and a dividend yield of 3.29%. Wynn Resorts’s dividend payout ratio (DPR) is presently 61.16%.
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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