Wynn Resorts (NASDAQ:WYNN) Posts Earnings Results, Beats Expectations By $0.25 EPS

Wynn Resorts (NASDAQ:WYNN) announced its quarterly earnings results on Tuesday. The casino operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25, FiscalAI reports. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS.

Here are the key takeaways from Wynn Resorts’ conference call:

• Las Vegas and Boston delivered solid operating results. Wynn Las Vegas generated $215 million of EBITDA, with casino revenue up 5%, RevPAR up 3%, and retail lease revenue up 8%, while Encore Boston Harbor produced $56 million of EBITDAR and record second-quarter RevPAR and hotel revenue.
• Macau performance benefited from stronger volumes and mass-market demand. Mass drop increased 5% in the quarter, and management said rolling volumes and mass drop began recovering in late July and early August after World Cup-related weakness.
• Wynn Al Marjan Island’s opening was delayed to September 2027, and its total project budget increased by approximately $600 million. Management attributed roughly half of the increase to regional-conflict-related supply-chain and shipping disruptions, with the remainder tied to project remeasurement, coordination, and other costs.
• The company is advancing growth investments in Macau, including the 432-suite Enclave hotel tower and a new event center and theater at Wynn Palace. Construction on both projects is expected to begin soon, with completion targeted for 2028 and 2029, respectively.
• Strong liquidity supports continued shareholder returns and development spending. Wynn reported approximately $4 billion of global cash and revolver availability, approved a $150 million Wynn Macau dividend, declared a $0.25-per-share Wynn Resorts dividend, and repurchased $75 million of stock during the quarter.

Wynn Resorts Stock Down 0.8%

Shares of WYNN stock opened at $97.60 on Wednesday. The company has a 50 day moving average of $100.50 and a 200-day moving average of $103.95. Wynn Resorts has a 12-month low of $92.52 and a 12-month high of $134.72. The firm has a market cap of $10.13 billion, a P/E ratio of 29.13, a PEG ratio of 0.97 and a beta of 1.01.

Wynn Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Wynn Resorts’s dividend payout ratio is currently 29.85%.

Key Headlines Impacting Wynn Resorts

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn reported second-quarter revenue of $1.86 billion, up 6.9% year over year and slightly above the $1.83 billion consensus estimate. Adjusted earnings of $1.24 per share exceeded expectations near $1.00, while net income more than doubled to $140.1 million. Wynn Resorts, Limited Reports Second Quarter 2026 Results
• Positive Sentiment: Macau operations were a key earnings driver: Wynn Palace revenue rose to $653.4 million and Wynn Macau revenue reached $351.1 million. Las Vegas operations generated $643.2 million, and Encore Boston Harbor contributed $209.3 million. The company also repurchased 741,098 shares for $75 million. Wynn Resorts Q2 revenue rises to $1.86 billion
• Positive Sentiment: The board declared a quarterly dividend of $0.25 per share, payable August 28 to shareholders of record August 14. Wynn also announced that its Wynn Al Marjan Island resort in the UAE is expected to open in September 2027, adding a potential long-term growth catalyst. Wynn UAE resort opening date
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” view, but the stock remains below its 50-day and 200-day moving averages, suggesting investors may be waiting for clearer evidence that the earnings momentum can continue. Wynn Resorts receives Moderate Buy consensus
• Negative Sentiment: Reports that China’s anti-graft campaign is pressuring Macau casino operators highlight a continuing regulatory and demand risk for Wynn’s largest growth market. That concern may be offsetting the favorable quarterly results and contributing to the weaker share performance. China anti-graft drive squeezes Wynn Resorts in Macau

Analyst Upgrades and Downgrades

WYNN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $137.00 price objective on shares of Wynn Resorts in a research note on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $128.00 target price on shares of Wynn Resorts in a report on Wednesday, July 22nd. Barclays restated an “overweight” rating and set a $136.00 price target on shares of Wynn Resorts in a report on Wednesday. Zacks Research downgraded shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Wynn Resorts in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.56.

Hedge Funds Weigh In On Wynn Resorts

Institutional investors and hedge funds have recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Wynn Resorts during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. lifted its holdings in Wynn Resorts by 69.0% during the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Wynn Resorts during the fourth quarter valued at about $46,000. Larson Financial Group LLC boosted its position in Wynn Resorts by 691.2% during the third quarter. Larson Financial Group LLC now owns 451 shares of the casino operator’s stock worth $58,000 after purchasing an additional 394 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Wynn Resorts in the third quarter worth about $70,000. 88.64% of the stock is owned by institutional investors.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.