Wynn Resorts Ltd. (NASDAQ:WYNN) is set to post its quarterly earnings results after the market closes on Thursday, October 13th. Analysts expect Wynn Resorts to post earnings of $0.77 per share for the quarter.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. On average, analysts expect Wynn Resorts to post $3.77 EPS for the current fiscal year and $4.71 EPS for the next fiscal year.

Earnings History for Wynn Resorts (NASDAQ:WYNN)

Wynn Resorts Ltd. (NASDAQ:WYNN) opened at 97.70 on Wednesday. Wynn Resorts Ltd. has a 12-month low of $49.95 and a 12-month high of $109.50. The company’s 50-day moving average is $98.22 and its 200 day moving average is $96.34. The stock has a market capitalization of $9.91 billion, a PE ratio of 30.23 and a beta of 1.85.

Several hedge funds have recently added to or reduced their stakes in WYNN. Dimensional Fund Advisors LP increased its stake in Wynn Resorts by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 156,348 shares of the casino operator’s stock worth $14,173,000 after buying an additional 24,275 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Wynn Resorts by 1.1% in the second quarter. BlackRock Investment Management LLC now owns 167,240 shares of the casino operator’s stock worth $15,159,000 after buying an additional 1,875 shares during the last quarter. BlackRock Inc. increased its stake in Wynn Resorts by 16.8% in the second quarter. BlackRock Inc. now owns 119,320 shares of the casino operator’s stock worth $10,816,000 after buying an additional 17,176 shares during the last quarter. BlackRock Fund Advisors increased its stake in Wynn Resorts by 2.6% in the second quarter. BlackRock Fund Advisors now owns 1,246,821 shares of the casino operator’s stock worth $113,012,000 after buying an additional 31,599 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Wynn Resorts by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,061,800 shares of the casino operator’s stock worth $186,882,000 after buying an additional 7,577 shares during the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

WYNN has been the topic of several analyst reports. Vetr downgraded shares of Wynn Resorts from a “strong-buy” rating to a “buy” rating and set a $100.18 price target on the stock. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Thursday, June 30th. Buckingham Research initiated coverage on shares of Wynn Resorts in a research report on Friday, August 12th. They issued a “buy” rating and a $113.00 target price for the company. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Wynn Resorts in a research report on Wednesday, October 5th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Wynn Resorts in a research report on Sunday, June 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $101.91.

About Wynn Resorts

Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.

5 Day Chart for NASDAQ:WYNN

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