Wynn Resorts, Limited (WYNN) Given Media Sentiment Score of 0.19
Headlines about Wynn Resorts, Limited (NASDAQ:WYNN) have been trending somewhat positive on Friday, AlphaOne Sentiment reports. The research group, a unit of Accern, ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wynn Resorts, Limited earned a daily sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also gave media stories about the casino operator an impact score of 85 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Alpha One Sentiment’s analysis:
- Wynn Resorts, Limited (WYNN) Director Patricia Mulroy Sells 2,226 Shares (americanbankingnews.com)
- Insider Selling: Wynn Resorts, Limited (WYNN) Director Sells 1,150 Shares of Stock (americanbankingnews.com)
- Is Wynn Resorts (WYNN) Stock a Solid Choice Right Now? (finance.yahoo.com)
- U.S. operators big contributors to Macau growth: AGA head (ggrasia.com)
- Wynn Resorts Ltd. :WYNN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 16, 2017 (finance.yahoo.com)
WYNN has been the subject of several research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Thursday, January 19th. Morgan Stanley reissued an “overweight” rating on shares of Wynn Resorts, Limited in a report on Thursday, January 19th. Wells Fargo & Co reissued a “market perform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, January 25th. Telsey Advisory Group lifted their price objective on Wynn Resorts, Limited from $106.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, Instinet raised Wynn Resorts, Limited from a “reduce” rating to a “neutral” rating and lifted their price objective for the company from $79.00 to $99.00 in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $119.06.
Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.05% on Friday, hitting $123.71. The company had a trading volume of 250,963 shares. The stock has a 50 day moving average of $119.86 and a 200-day moving average of $102.37. The stock has a market capitalization of $12.59 billion, a PE ratio of 47.02 and a beta of 1.90. Wynn Resorts, Limited has a one year low of $82.51 and a one year high of $129.03.
Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.28. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Wynn Resorts, Limited had a return on equity of 5,683.62% and a net margin of 5.42%. The business’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. Equities analysts anticipate that Wynn Resorts, Limited will post $4.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Thursday, May 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, May 9th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 84.03%.
In other news, EVP John Strzemp sold 20,000 shares of Wynn Resorts, Limited stock in a transaction on Monday, March 6th. The stock was sold at an average price of $100.38, for a total value of $2,007,600.00. Following the completion of the transaction, the executive vice president now directly owns 218,323 shares in the company, valued at $21,915,262.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John J. Hagenbuch sold 1,150 shares of Wynn Resorts, Limited stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $128.40, for a total value of $147,660.00. Following the completion of the transaction, the director now owns 11,662 shares of the company’s stock, valued at $1,497,400.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,376 shares of company stock valued at $9,895,366. 12.60% of the stock is owned by company 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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