Wynn Resorts, Limited (NASDAQ:WYNN) – Stock analysts at Jefferies Financial Group reduced their FY2020 EPS estimates for Wynn Resorts in a research report issued on Tuesday, January 22nd. Jefferies Financial Group analyst D. Katz now anticipates that the casino operator will post earnings of $7.70 per share for the year, down from their prior estimate of $7.75. Jefferies Financial Group currently has a “Hold” rating and a $114.00 price target on the stock.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Wednesday, November 7th. The casino operator reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. Wynn Resorts had a return on equity of 56.04% and a net margin of 8.92%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS.
A number of other equities analysts also recently commented on WYNN. BidaskClub downgraded shares of Wynn Resorts from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Bank of America reiterated a “hold” rating and set a $125.00 target price on shares of Wynn Resorts in a research note on Tuesday, October 16th. Credit Suisse Group lowered their target price on shares of Wynn Resorts from $137.00 to $119.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. Telsey Advisory Group lowered their target price on shares of Wynn Resorts from $160.00 to $105.00 and set a “market perform” rating for the company in a research note on Thursday, November 8th. Finally, Morgan Stanley lowered their target price on shares of Wynn Resorts from $139.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $156.67.
Shares of WYNN stock opened at $113.05 on Wednesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 1.14 and a quick ratio of 1.11. The firm has a market cap of $12.52 billion, a P/E ratio of 20.71, a PEG ratio of 0.91 and a beta of 1.44. Wynn Resorts has a 12 month low of $90.06 and a 12 month high of $203.63.
In related news, Director Philip G. Satre purchased 9,800 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $103.01 per share, with a total value of $1,009,498.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at $10,301. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.95% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Sterling Investment Advisors Ltd. raised its holdings in shares of Wynn Resorts by 87.5% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 750 shares of the casino operator’s stock valued at $74,000 after buying an additional 350 shares during the last quarter. Ayalon Holdings Ltd. purchased a new stake in shares of Wynn Resorts in the fourth quarter valued at about $80,000. North Star Investment Management Corp. raised its holdings in shares of Wynn Resorts by 118.6% in the third quarter. North Star Investment Management Corp. now owns 1,600 shares of the casino operator’s stock valued at $203,000 after buying an additional 868 shares during the last quarter. Financial Architects Inc raised its holdings in shares of Wynn Resorts by 52.1% in the third quarter. Financial Architects Inc now owns 1,635 shares of the casino operator’s stock valued at $207,000 after buying an additional 560 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Wynn Resorts in the third quarter valued at about $254,000. 74.88% of the stock is owned by institutional investors and hedge funds.
Wynn Resorts Company Profile
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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