$0.87 Earnings Per Share Expected for Wynn Resorts, Limited (NASDAQ:WYNN) This Quarter

Equities research analysts predict that Wynn Resorts, Limited (NASDAQ:WYNN) will announce earnings of $0.87 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wynn Resorts’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.75. Wynn Resorts posted earnings per share of $1.06 during the same quarter last year, which would indicate a negative year over year growth rate of 17.9%. The business is expected to report its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Wynn Resorts will report full year earnings of $4.10 per share for the current fiscal year, with EPS estimates ranging from $3.97 to $4.37. For the next financial year, analysts expect that the company will report earnings of $5.33 per share, with EPS estimates ranging from $4.46 to $6.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, November 6th. The casino operator reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.73). Wynn Resorts had a net margin of 10.12% and a return on equity of 25.33%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Wynn Resorts’s quarterly revenue was down 3.6% compared to the same quarter last year.

Several equities analysts recently weighed in on WYNN shares. Morgan Stanley raised their target price on shares of Wynn Resorts from $120.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday. ValuEngine raised shares of Wynn Resorts from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Union Gaming Research cut shares of Wynn Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $150.00 to $135.00 in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Wynn Resorts from $136.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank raised their target price on shares of Wynn Resorts from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $143.28.

Shares of NASDAQ:WYNN traded down $5.37 during midday trading on Tuesday, hitting $133.41. The stock had a trading volume of 261,781 shares, compared to its average volume of 1,853,269. Wynn Resorts has a 12 month low of $102.03 and a 12 month high of $153.41. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 5.75. The business’s 50-day simple moving average is $138.24 and its 200-day simple moving average is $123.00. The company has a market cap of $15.04 billion, a P/E ratio of 21.33, a PEG ratio of 2.63 and a beta of 2.08.

In other news, CEO Matt Maddox sold 25,000 shares of Wynn Resorts stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $120.18, for a total transaction of $3,004,500.00. Following the completion of the sale, the chief executive officer now owns 368,651 shares of the company’s stock, valued at $44,304,477.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig Scott Billings sold 3,750 shares of Wynn Resorts stock in a transaction on Monday, November 18th. The stock was sold at an average price of $119.85, for a total value of $449,437.50. Following the sale, the chief financial officer now directly owns 66,451 shares of the company’s stock, valued at approximately $7,964,152.35. The disclosure for this sale can be found here. Insiders have sold 53,750 shares of company stock valued at $6,515,688 in the last three months. Insiders own 0.58% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in shares of Wynn Resorts by 0.4% during the fourth quarter. State of Michigan Retirement System now owns 23,370 shares of the casino operator’s stock worth $3,245,000 after buying an additional 100 shares in the last quarter. WoodTrust Financial Corp acquired a new position in Wynn Resorts in the fourth quarter valued at about $2,344,000. Wealthfront Advisers LLC raised its stake in Wynn Resorts by 39.5% in the fourth quarter. Wealthfront Advisers LLC now owns 2,805 shares of the casino operator’s stock valued at $390,000 after purchasing an additional 794 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Wynn Resorts by 17.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,645 shares of the casino operator’s stock valued at $506,000 after purchasing an additional 534 shares in the last quarter. Finally, Manchester Financial Inc. acquired a new position in Wynn Resorts in the fourth quarter valued at about $41,000. 72.91% of the stock is owned by institutional investors.

About Wynn Resorts

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.

See Also: Compound Annual Growth Rate (CAGR)

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

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