Wynn Resorts (NASDAQ:WYNN) Trading Up 11.1% After Earnings Beat

Wynn Resorts, Limited (NASDAQ:WYNN) shot up 11.1% on Wednesday following a stronger than expected earnings report. The stock traded as high as $109.24 and last traded at $108.41. Approximately 953,156 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,553,689 shares. The stock had previously closed at $97.60.

The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Wynn Resorts’s dividend payout ratio is 29.85%.

More Wynn Resorts News

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

• Positive Sentiment: Q2 earnings beat expectations: Wynn reported adjusted earnings of $1.24 per share, above the $0.99 analyst consensus, while revenue rose 6.9% year over year to $1.86 billion, exceeding estimates of $1.83 billion. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Second Quarter 2026 Results
• Positive Sentiment: Macau and affluent-customer demand helped results: Wynn Palace revenue increased to $653.4 million and Wynn Macau revenue rose to $351.1 million. Coverage also highlighted resilient demand from wealthy customers, supporting expectations for continued recovery in the company’s Macau operations. Wynn Resorts Second-Quarter Revenue Rises on Casino Demand
• Positive Sentiment: UAE resort opening date confirmed: Wynn Al Marjan Island is scheduled to open in September 2027. The project gives Wynn a potential new growth platform in the Middle East, while Macau expansion projects are expected to begin this year. Wynn Resorts Confirms September 2027 Opening
• Positive Sentiment: Shareholder returns continued: Wynn declared a $0.25 quarterly dividend, payable August 28 to shareholders of record August 14, and repurchased approximately $75 million of stock during the quarter. Wynn Resorts Reports Strong Q2 Results and Dividend
• Neutral Sentiment: Analysts maintain a generally favorable “Moderate Buy” consensus, but the shares remain below their 50-day and 200-day moving averages, indicating that investors may still want evidence of sustained growth.
• Negative Sentiment: Higher UAE investment could pressure returns: JPMorgan reportedly expects Wynn’s UAE capital spending in 2027 could triple as the project’s scope and costs rise. The spending may strengthen the resort long term but increases near-term execution and financing risk. JPMorgan UAE Capital Spending Analysis
• Negative Sentiment: Reports that China’s anti-graft campaign is weighing on Macau casino activity remain a risk to Wynn’s largest regional earnings contributor and could limit the durability of the recovery. China Anti-Graft Drive and Wynn Resorts

Analyst Ratings Changes

Several research firms have weighed in on WYNN. Susquehanna dropped their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a research report on Thursday, April 16th. Stifel Nicolaus set a $143.00 price target on shares of Wynn Resorts in a report on Wednesday. Truist Financial initiated coverage on shares of Wynn Resorts in a research note on Wednesday, July 8th. They set a “buy” rating and a $125.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating and issued a $128.00 target price on shares of Wynn Resorts in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $135.12.

Institutional Trading of Wynn Resorts

Several large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its position in Wynn Resorts by 54.9% during the fourth quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after purchasing an additional 89 shares during the period. MUFG Securities EMEA plc acquired a new stake in Wynn Resorts during the 2nd quarter worth about $25,000. SHP Wealth Management purchased a new position in shares of Wynn Resorts during the 4th quarter valued at about $32,000. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at about $34,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after buying an additional 156 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Up 10.6%

The stock has a market cap of $11.20 billion, a PE ratio of 32.22, a P/E/G ratio of 0.97 and a beta of 1.01. The business has a 50 day moving average price of $100.50 and a 200 day moving average price of $103.95.

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.