Wall Street brokerages expect Wynn Resorts, Limited (NASDAQ:WYNN) to post $1.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Wynn Resorts’ earnings. The lowest EPS estimate is $0.82 and the highest is $1.69. Wynn Resorts posted earnings per share of $1.68 in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.2%. The company is scheduled to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that Wynn Resorts will report full-year earnings of $5.64 per share for the current financial year, with EPS estimates ranging from $4.92 to $6.85. For the next fiscal year, analysts anticipate that the company will post earnings of $6.93 per share, with EPS estimates ranging from $5.80 to $7.54. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Tuesday, August 6th. The casino operator reported $1.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.44. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Wynn Resorts had a net margin of 12.41% and a return on equity of 34.98%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS.

A number of research analysts recently weighed in on WYNN shares. ValuEngine downgraded shares of Wynn Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Standpoint Research started coverage on shares of Wynn Resorts in a research report on Wednesday, September 4th. They issued a “buy” rating for the company. Deutsche Bank set a $150.00 target price on shares of Wynn Resorts and gave the company a “buy” rating in a research note on Wednesday, August 7th. UBS Group lowered their price target on Wynn Resorts from $119.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. Finally, BidaskClub downgraded Wynn Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $136.00.

Shares of WYNN stock traded down $2.57 during trading hours on Friday, reaching $114.32. The company had a trading volume of 2,330,636 shares, compared to its average volume of 2,126,137. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.95 and a current ratio of 1.00. The business has a fifty day moving average price of $115.14 and a 200-day moving average price of $124.25. Wynn Resorts has a one year low of $90.06 and a one year high of $151.50. The firm has a market cap of $12.27 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.03 and a beta of 2.05.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Friday, August 16th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.00 annualized dividend and a yield of 3.50%. Wynn Resorts’s payout ratio is presently 61.16%.

Several institutional investors have recently modified their holdings of WYNN. Vanguard Group Inc. increased its stake in shares of Wynn Resorts by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,853,472 shares of the casino operator’s stock worth $1,221,733,000 after purchasing an additional 91,299 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Wynn Resorts by 9.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,857,209 shares of the casino operator’s stock valued at $1,098,205,000 after purchasing an additional 801,270 shares in the last quarter. Egerton Capital UK LLP lifted its position in Wynn Resorts by 51.4% during the second quarter. Egerton Capital UK LLP now owns 3,487,638 shares of the casino operator’s stock valued at $432,432,000 after purchasing an additional 1,184,251 shares in the last quarter. Geode Capital Management LLC grew its holdings in Wynn Resorts by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 1,286,319 shares of the casino operator’s stock valued at $127,010,000 after purchasing an additional 91,738 shares during the period. Finally, FMR LLC grew its holdings in Wynn Resorts by 75.3% during the first quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock valued at $147,409,000 after purchasing an additional 530,731 shares during the period. Institutional investors and hedge funds own 75.75% of the company’s stock.

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.

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

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