Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Wynn Resorts, Limited (WYNN) Stock Price
Press coverage about Wynn Resorts, Limited (NASDAQ:WYNN) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wynn Resorts, Limited earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the casino operator an impact score of 45.8899129921875 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Wynn Macau : plans to issue USD senior notes (4-traders.com)
- Steve Wynn flags three Japan cities casino candidates (iphonefresh.com)
- Brokerages Expect Wynn Resorts, Limited (WYNN) to Post $1.24 EPS (wisdomsave.com)
- Wynn Resorts, Limited (WYNN) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Wynn Resorts, Limited (NASDAQ:WYNN) Traded Over Its 50 Day Moving Average (famososartistas.com)
A number of research analysts recently issued reports on the company. Deutsche Bank AG upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and increased their price objective for the stock from $138.00 to $150.00 in a report on Tuesday, August 15th. Zacks Investment Research downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Vetr upgraded Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 price objective for the company in a report on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and set a $134.00 price objective (up from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Finally, UBS AG downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.28.
Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.02% during mid-day trading on Monday, hitting $145.90. The stock had a trading volume of 1,516,742 shares. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $147.50. The stock has a market cap of $14.87 billion, a PE ratio of 54.60 and a beta of 1.69. The firm’s 50-day moving average price is $133.96 and its 200-day moving average price is $124.78.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. Wynn Resorts, Limited’s quarterly revenue was up 44.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities analysts expect that Wynn Resorts, Limited will post $4.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.
In other news, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the completion of the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at $994,719. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Matt Maddox sold 44,309 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the transaction, the president now directly owns 344,895 shares of the company’s stock, valued at $46,336,643.25. The disclosure for this sale can be found here. Corporate insiders own 13.20% of the company’s stock.
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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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