Wynn Resorts Ltd. (NASDAQ:WYNN) is set to announce its earnings results after the market closes on Thursday, October 13th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, July 28th. The casino operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect Wynn Resorts to post $3.77 EPS for the current fiscal year and $4.71 EPS for the next fiscal year.
Shares of Wynn Resorts Ltd. (NASDAQ:WYNN) opened at 97.70 on Wednesday. The company has a market capitalization of $9.91 billion, a P/E ratio of 30.23 and a beta of 1.85. Wynn Resorts Ltd. has a 12-month low of $49.95 and a 12-month high of $109.50. The company has a 50 day moving average of $98.22 and a 200-day moving average of $96.34.
Hedge funds have recently made changes to their positions in the company. Krilogy Financial LLC increased its stake in shares of Wynn Resorts by 57.8% in the second quarter. Krilogy Financial LLC now owns 1,775 shares of the casino operator’s stock valued at $161,000 after buying an additional 650 shares during the period. Pacer Advisors Inc. increased its stake in shares of Wynn Resorts by 10.4% in the second quarter. Pacer Advisors Inc. now owns 1,814 shares of the casino operator’s stock valued at $164,000 after buying an additional 171 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Wynn Resorts during the second quarter valued at approximately $182,000. Thrivent Financial for Lutherans increased its stake in Wynn Resorts by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 2,500 shares of the casino operator’s stock worth $227,000 after buying an additional 70 shares during the period. Finally, Seven Eight Capital LLC acquired a new stake in Wynn Resorts during the second quarter worth about $246,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.
A number of equities research analysts recently issued reports on WYNN shares. Deutsche Bank AG reiterated a “hold” rating on shares of Wynn Resorts in a research report on Sunday, June 26th. Vetr upgraded shares of Wynn Resorts from a “sell” rating to a “buy” rating and set a $96.42 target price for the company in a research report on Tuesday, June 28th. Morgan Stanley reiterated an “overweight” rating on shares of Wynn Resorts in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Thursday, June 30th. Finally, JPMorgan Chase & Co. lowered shares of Wynn Resorts from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $101.00 to $94.00 in a report on Thursday, July 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $101.91.
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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