Wynn Resorts, Limited (NASDAQ:WYNN) to Issue Dividend of $1.00

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

WYNN stock traded up $2.93 during mid-day trading on Thursday, reaching $125.49. 3,107,400 shares of the company traded hands, compared to its average volume of 2,076,381. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.38 and a beta of 2.07. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 5.00. Wynn Resorts has a fifty-two week low of $90.06 and a fifty-two week high of $151.50. The firm’s 50 day moving average price is $114.18 and its 200 day moving average price is $120.46.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Wednesday, November 6th. The casino operator reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. Wynn Resorts’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts anticipate that Wynn Resorts will post 5.21 EPS for the current fiscal year.

In other Wynn Resorts news, CEO Matt Maddox sold 25,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $117.30, for a total transaction of $2,932,500.00. Following the sale, the chief executive officer now owns 459,185 shares of the company’s stock, valued at approximately $53,862,400.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 75,000 shares of company stock worth $8,750,250 in the last three months. Insiders own 0.58% of the company’s stock.

A number of brokerages have recently weighed in on WYNN. JPMorgan Chase & Co. restated a “buy” rating on shares of Wynn Resorts in a research note on Thursday. 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. 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. Standpoint Research assumed coverage on shares of Wynn Resorts in a report on Wednesday, September 4th. They issued a “buy” rating on the stock. Finally, Citigroup set a $141.00 price target on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $137.00.

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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