Wynn Resorts, Limited (NASDAQ:WYNN) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $166.76.
A number of analysts recently issued reports on the company. Telsey Advisory Group lowered their target price on Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating on the stock in a research report on Thursday. Credit Suisse Group assumed coverage on Wynn Resorts in a research report on Tuesday, August 14th. They issued a “neutral” rating and a $155.00 target price on the stock. ValuEngine downgraded Wynn Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Bank of America lowered their target price on Wynn Resorts from $125.00 to $114.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Barclays lowered their target price on Wynn Resorts from $224.00 to $213.00 and set an “overweight” rating on the stock in a research report on Thursday, August 2nd.
A number of institutional investors have recently bought and sold shares of WYNN. Steward Partners Investment Advisory LLC grew its holdings in 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 period. North Star Investment Management Corp. bought a new stake in shares of Wynn Resorts during the second quarter worth approximately $122,000. Atlas Capital Advisors LLC bought a new stake in shares of Wynn Resorts during the second quarter worth approximately $130,000. Dupont Capital Management Corp boosted its holdings 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 acquiring an additional 385 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Wynn Resorts by 157.5% during the second quarter. Whittier Trust Co. now owns 811 shares of the casino operator’s stock worth $169,000 after acquiring an additional 496 shares during the period. Institutional investors and hedge funds own 75.23% of the company’s stock.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, November 7th. The casino operator reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. Wynn Resorts had a net margin of 7.90% and a return on equity of 69.17%. Wynn Resorts’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. On average, analysts anticipate that Wynn Resorts will post 7.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.03%. Wynn Resorts’s payout ratio is currently 54.95%.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 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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