A number of other equities research analysts have also recently weighed in on the company. Susquehanna reiterated a neutral rating and issued a $105.00 price objective on shares of Wynn Resorts in a research note on Thursday, September 8th. Credit Agricole SA reiterated an underperform rating and issued a $97.00 price objective on shares of Wynn Resorts in a research note on Wednesday, August 24th. Buckingham Research began coverage on Wynn Resorts in a research note on Friday, August 12th. They issued a buy rating and a $113.00 price objective for the company. Vetr upgraded Wynn Resorts from a buy rating to a strong-buy rating and set a $112.54 price objective for the company in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Wynn Resorts from a hold rating to a buy rating and set a $110.00 price objective for the company in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $99.91.
Wynn Resorts (NASDAQ:WYNN) opened at 103.00 on Friday. The stock’s 50 day moving average price is $98.39 and its 200-day moving average price is $95.16. Wynn Resorts has a 12 month low of $49.95 and a 12 month high of $109.50. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 31.87 and a beta of 2.00.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Wynn Resorts had a return on equity of 3,746.24% and a net margin of 7.67%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities research analysts predict that Wynn Resorts will post $3.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Thursday, August 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. Wynn Resorts’s dividend payout ratio is currently 66.23%.
Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of Wynn Resorts by 3,458.3% in the second quarter. Macquarie Group Ltd. now owns 21,350 shares of the casino operator’s stock valued at $1,935,000 after buying an additional 20,750 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Wynn Resorts during the second quarter valued at about $298,000. Kentucky Retirement Systems bought a new stake in shares of Wynn Resorts during the second quarter valued at about $628,000. Mason Street Advisors LLC bought a new stake in shares of Wynn Resorts during the second quarter valued at about $994,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Wynn Resorts by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 31,265 shares of the casino operator’s stock valued at $2,834,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 operates through two segments: Macau Operations and Las Vegas Operations.
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