Wynn Resorts (WYNN) to Release Quarterly Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company posted ($1.23) earnings per share. The business’s revenue was up 83.1% on a year-over-year basis. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wynn Resorts Stock Up 1.0 %

NASDAQ WYNN opened at $97.67 on Monday. Wynn Resorts has a 52-week low of $81.65 and a 52-week high of $113.50. The business’s 50-day moving average price is $100.60 and its 200 day moving average price is $95.25. The firm has a market cap of $10.95 billion, a P/E ratio of 16.17 and a beta of 1.91.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, February 16th. Wynn Resorts’s dividend payout ratio is presently 16.72%.

Insider Buying and Selling

In related news, CEO Craig Scott Billings sold 19,235 shares of Wynn Resorts stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the completion of the transaction, the chief executive officer now directly owns 307,904 shares in the company, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total value of $2,077,380.00. Following the completion of the transaction, the chief executive officer now directly owns 307,904 shares in the company, valued at approximately $33,253,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Julie Cameron-Doe sold 6,383 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the transaction, the chief financial officer now owns 78,150 shares of the company’s stock, valued at $8,226,850.50. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock worth $2,850,282 in the last ninety days. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WYNN shares. Wells Fargo & Company lifted their price objective on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley lifted their price objective on Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com raised Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Susquehanna lifted their price target on shares of Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Bank Of America (Bofa) lifted their price target on shares of Wynn Resorts from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.43.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.