Jefferies Financial Group Equities Analysts Reduce Earnings Estimates for Wynn Resorts, Limited (WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN) – Equities researchers at Jefferies Financial Group decreased their FY2020 earnings estimates for Wynn Resorts in a research report issued to clients and investors on Tuesday, August 14th. Jefferies Financial Group analyst D. Katz now forecasts that the casino operator will post earnings of $9.99 per share for the year, down from their prior forecast of $12.51. Jefferies Financial Group currently has a “Hold” rating and a $170.00 target price on the stock.

A number of other brokerages have also recently weighed in on WYNN. Stifel Nicolaus reduced their price objective on Wynn Resorts from $207.00 to $192.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. BidaskClub cut Wynn Resorts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Morgan Stanley reiterated a “hold” rating on shares of Wynn Resorts in a research note on Thursday, July 5th. Susquehanna Bancshares reduced their price objective on Wynn Resorts from $204.00 to $187.00 and set a “positive” rating for the company in a research note on Thursday, August 2nd. Finally, Bank of America reduced their price objective on Wynn Resorts from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $189.63.

Shares of NASDAQ WYNN opened at $139.60 on Thursday. The company has a debt-to-equity ratio of 4.47, a current ratio of 1.08 and a quick ratio of 1.04. Wynn Resorts has a twelve month low of $132.26 and a twelve month high of $203.63. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 25.57 and a beta of 1.39.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Thursday, August 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, August 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 54.95%.

Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in shares of Wynn Resorts by 115.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 614 shares of the casino operator’s stock worth $103,000 after purchasing an additional 329 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Wynn Resorts during the first quarter worth approximately $104,000. North Star Investment Management Corp. purchased a new stake in shares of Wynn Resorts during the second quarter worth approximately $122,000. Atlas Capital Advisors LLC purchased a new stake in shares of Wynn Resorts during the second quarter worth approximately $130,000. Finally, Dupont Capital Management Corp raised its stake in shares of Wynn Resorts by 87.9% during the second quarter. Dupont Capital Management Corp now owns 823 shares of the casino operator’s stock worth $138,000 after purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 76.95% of the company’s stock.

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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Earnings History and Estimates for Wynn Resorts (NASDAQ:WYNN)

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