Analysts Expect Wynn Resorts, Limited (WYNN) to Post $1.09 Earnings Per Share

Equities research analysts expect Wynn Resorts, Limited (NASDAQ:WYNN) to announce earnings per share of $1.09 for the current quarter, Zacks reports. Three analysts have made estimates for Wynn Resorts, Limited’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $0.95. Wynn Resorts, Limited reported earnings per share of $1.07 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The business is expected to announce its next earnings results on Thursday, July 27th.

On average, analysts expect that Wynn Resorts, Limited will report full year earnings of $4.71 per share for the current fiscal year, with EPS estimates ranging from $4.54 to $5.05. For the next financial year, analysts forecast that the business will report earnings of $5.53 per share, with EPS estimates ranging from $5.35 to $5.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Wynn Resorts, Limited.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.28. Wynn Resorts, Limited had a net margin of 5.41% and a return on equity of 264.58%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. The firm’s revenue was up 47.9% compared to the same quarter last year.

WYNN has been the topic of several recent analyst reports. Aegis raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Tuesday, March 21st. Wells Fargo & Company reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 21st. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $116.86 price objective on the stock in a research note on Wednesday, March 22nd. Wolfe Research reissued a “market perform” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Wynn Resorts, Limited in a research note on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $122.83.

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Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.395% during midday trading on Friday, hitting $129.905. 1,584,472 shares of the stock were exchanged. The company has a 50 day moving average price of $130.68 and a 200 day moving average price of $110.37. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $139.67. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 49.375 and a beta of 1.73. Wynn Resorts, Limited also was the target of unusually large options trading activity on Friday. Stock traders acquired 13,002 call options on the stock. This is an increase of approximately 118% compared to the typical daily volume of 5,956 call options.

In related news, EVP Kimmarie Sinatra sold 22,624 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the transaction, the executive vice president now directly owns 221,067 shares in the company, valued at $28,544,171.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Matt Maddox sold 60,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $124.25, for a total transaction of $7,455,000.00. Following the transaction, the president now owns 354,895 shares in the company, valued at $44,095,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,309 shares of company stock worth $16,761,891. 13.20% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in shares of Wynn Resorts, Limited by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 2,042 shares of the casino operator’s stock worth $234,000 after buying an additional 11 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Wynn Resorts, Limited by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after buying an additional 39 shares during the last quarter. M&T Bank Corp increased its position in shares of Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock worth $445,000 after buying an additional 48 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Wynn Resorts, Limited by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 8,901 shares of the casino operator’s stock worth $1,194,000 after buying an additional 51 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Wynn Resorts, Limited by 0.7% in the first quarter. Advantus Capital Management Inc now owns 8,012 shares of the casino operator’s stock worth $918,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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

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