Wynn Resorts, Limited (WYNN) Getting Somewhat Positive News Coverage, Analysis Shows
Media coverage about Wynn Resorts, Limited (NASDAQ:WYNN) has trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of 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 Accern’s scale. Accern also assigned media coverage about the casino operator an impact score of 45.5268717036593 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Wynn Resorts, Limited (NASDAQ WYNN) opened at 145.28 on Thursday. The stock has a 50 day moving average of $136.42 and a 200-day moving average of $126.96. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $147.90. The firm has a market capitalization of $14.81 billion, a P/E ratio of 54.37 and a beta of 1.69. Wynn Resorts, Limited also was the recipient of some unusual options trading on Monday. Stock traders acquired 11,048 call options on the company. This is an increase of approximately 102% compared to the average daily volume of 5,477 call options.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm 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%. The business’s quarterly revenue was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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.
WYNN has been the topic of a number of recent research reports. Vetr lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating and set a $140.28 price target on the stock. in a research report on Monday, July 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. UBS AG reaffirmed a “buy” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 10th. Union Gaming Research reaffirmed a “hold” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $131.36.
In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction 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 owns 350,586 shares of the company’s stock, valued at $50,288,055.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clark T. Jr. Randt sold 3,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the transaction, the director now directly owns 7,711 shares of the company’s stock, valued at approximately $994,719. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock valued at $9,621,369 in the last three months. Insiders own 13.20% of the company’s stock.
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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