Press coverage about Wynn Resorts, Limited (NASDAQ:WYNN) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wynn Resorts, Limited earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the casino operator an impact score of 47.8573628989666 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Stocks Active Momentum: Chesapeake Energy Corporation (NYSE:CHK), Wynn Resorts, Limited (NASDAQ:WYNN) – The Stock Street (press release) (thestreetpoint.com)
- Wynn Resorts Limited (NASDAQ: WYNN) – Do Investors Feel Confident About Stock’s Future Direction? – Alpha Beta Stock (alphabetastock.com)
- Wynn Resorts Joins Elite Club Of Stocks With RS Ratings Over 90 (finance.yahoo.com)
- Market Trends Toward New Normal in Norfolk Southern, Weyerhaeuser, Wynn Resorts, Cimarex, Xcel Energy, and Xilinx – Emerging Consolidated Expectations, Analyst Ratings (finance.yahoo.com)
- Melco Resorts Beats Q3 Earnings Estimates On Strong Growth In Macau, Philippines (finance.yahoo.com)
Several equities analysts have recently commented on WYNN shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Stifel Nicolaus upped their price objective on shares of Wynn Resorts, Limited from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Telsey Advisory Group downgraded shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a research note on Wednesday, July 26th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 price objective for the company in a research note on Friday, July 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $151.00 price objective (up from $133.00) on shares of Wynn Resorts, Limited in a research note on Monday, July 10th. Twelve equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $140.76.
Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 140.73%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s quarterly revenue was up 45.3% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. Wynn Resorts, Limited’s dividend payout ratio is currently 55.25%.
In other news, EVP Kimmarie Sinatra sold 21,451 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at approximately $50,288,055.84. The disclosure for this sale can be found here. 13.20% of the stock is owned by insiders.
About Wynn Resorts, Limited
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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