Wynn Resorts (NASDAQ:WYNN) Posts Quarterly Earnings Results, Misses Expectations By $0.73 EPS

Wynn Resorts (NASDAQ:WYNN) issued its quarterly earnings data on Wednesday. The casino operator reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.73), RTT News reports. Wynn Resorts had a return on equity of 34.98% and a net margin of 12.41%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm’s revenue was down 3.6% on a year-over-year basis.

WYNN stock traded up $0.07 during mid-day trading on Friday, hitting $125.56. The stock had a trading volume of 98,169 shares, compared to its average volume of 1,574,271. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 5.00. Wynn Resorts has a 52 week low of $90.06 and a 52 week high of $151.50. The firm has a market capitalization of $13.62 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.43 and a beta of 2.07. The firm has a fifty day simple moving average of $114.18 and a 200 day simple moving average of $120.46.

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. Wynn Resorts’s dividend payout ratio is currently 61.16%.

In other Wynn Resorts news, CEO Matt Maddox sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $122.47, for a total value of $3,061,750.00. Following the transaction, the chief executive officer now directly owns 407,107 shares of the company’s stock, valued at approximately $49,858,394.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 75,000 shares of company stock worth $8,750,250. Insiders own 0.58% of the company’s stock.

Several brokerages recently commented on WYNN. BidaskClub upgraded shares of Wynn Resorts from a “sell” rating to a “hold” rating in a report on Saturday, October 12th. Nomura lowered their price target on shares of Wynn Resorts from $126.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th. Union Gaming Research lowered shares of Wynn Resorts from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.00 to $135.00 in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Barclays lowered their price target on shares of Wynn Resorts from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $137.59.

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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Earnings History for Wynn Resorts (NASDAQ:WYNN)

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