$1.93 EPS Expected for Wynn Resorts, Limited (WYNN) This Quarter

Equities analysts expect that Wynn Resorts, Limited (NASDAQ:WYNN) will post earnings per share of $1.93 for the current quarter, according to Zacks. Five analysts have made estimates for Wynn Resorts’ earnings. The highest EPS estimate is $2.36 and the lowest is $1.73. Wynn Resorts reported earnings per share of $1.52 during the same quarter last year, which would indicate a positive year over year growth rate of 27%. The business is expected to announce its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Wynn Resorts will report full year earnings of $7.86 per share for the current financial year, with EPS estimates ranging from $7.34 to $9.29. For the next financial year, analysts expect that the firm will post earnings of $9.17 per share, with EPS estimates ranging from $8.44 to $10.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Wednesday, August 1st. The casino operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.43). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.72 billion. Wynn Resorts had a return on equity of 69.17% and a net margin of 7.90%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS.

Several research firms have recently weighed in on WYNN. ValuEngine cut shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Wynn Resorts from $186.00 to $209.00 and gave the stock a “hold” rating in a report on Wednesday, April 25th. Jefferies Financial Group cut shares of Wynn Resorts from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Tuesday. Barclays decreased their price target on shares of Wynn Resorts from $224.00 to $213.00 and set an “overweight” rating on the stock in a report on Thursday, August 2nd. Finally, Morgan Stanley decreased their price target on shares of Wynn Resorts from $200.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Wynn Resorts presently has a consensus rating of “Hold” and an average target price of $189.63.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC boosted its position in Wynn Resorts by 13.5% during the first quarter. Global X Management Co. LLC now owns 2,490 shares of the casino operator’s stock valued at $454,000 after buying an additional 296 shares during the period. Daiwa Securities Group Inc. boosted its position in Wynn Resorts by 28.9% during the first quarter. Daiwa Securities Group Inc. now owns 3,846 shares of the casino operator’s stock valued at $701,000 after buying an additional 862 shares during the period. Miracle Mile Advisors LLC purchased a new stake in Wynn Resorts during the first quarter valued at about $2,735,000. American Assets Capital Advisers LLC boosted its position in Wynn Resorts by 12.4% during the first quarter. American Assets Capital Advisers LLC now owns 146,100 shares of the casino operator’s stock valued at $26,643,000 after buying an additional 16,100 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Wynn Resorts by 4.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,194 shares of the casino operator’s stock valued at $2,406,000 after buying an additional 604 shares during the period. 76.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wynn Resorts stock traded up $2.26 during trading on Friday, hitting $140.43. The stock had a trading volume of 56,548 shares, compared to its average volume of 3,272,539. The stock has a market cap of $16.14 billion, a P/E ratio of 25.61 and a beta of 1.39. Wynn Resorts has a 12 month low of $132.26 and a 12 month high of $203.63. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.04 and a current ratio of 1.08.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Investors of record on Thursday, August 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.14%. Wynn Resorts’s dividend payout ratio is presently 54.95%.

About Wynn Resorts

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.

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