Wynn Resorts (NASDAQ:WYNN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Wynn Resorts (NASDAQ:WYNN) released its quarterly earnings results on Thursday. The casino operator reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07, Zacks reports. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 earnings per share.

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

• Wynn reported strong Q1 operating results led by Las Vegas — adjusted property EBITDA rose (Las Vegas adj. EBITDA ~$232.5M), casino revenues +9%, and RevPAR roughly +10%, with positive momentum carrying into Q2.
• The company announced a major expansion in Macau — the Enclave at Wynn Palace, a $900M–$950M, 432-suite tower that will increase room count ~25% and suites ~50%, which management expects to be high-returning and drive incremental gaming and F&B traffic.
• Wynn Al Marjan construction continues with >22,000 workers but faces logistical/shipping challenges from regional conflict, prompting an expected modest opening delay and additional pre-opening costs after >$1.01B equity contributed to date.
• Balance sheet and capital returns remain strong — $4.4B total liquidity, LTM adjusted EBITDA near $2.3B, net leverage ~4.4x, an increased Macau dividend proposal and a $0.25/share U.S. dividend plus ongoing share repurchases.

Wynn Resorts Trading Down 0.7%

Shares of NASDAQ:WYNN opened at $106.85 on Friday. The stock has a market capitalization of $11.12 billion, a PE ratio of 35.62, a P/E/G ratio of 5.97 and a beta of 1.01. Wynn Resorts has a 1 year low of $82.63 and a 1 year high of $134.72. The firm has a fifty day moving average price of $103.76 and a 200 day moving average price of $114.38.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Wynn Resorts’s dividend payout ratio is currently 33.33%.

Wynn Resorts News Roundup

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

• Positive Sentiment: Q1 top?line and non?GAAP EPS beat expectations: Wynn reported ~$1.86B in revenue (+9.2% YoY) and non?GAAP EPS of $1.25, both above consensus — a core reason buyers are supporting the stock. Wynn Resorts’s (NASDAQ:WYNN) Q1 CY2026 Sales Top Estimates
• Positive Sentiment: Profitability and operating cash flow improvements: management highlighted stronger operating cash flow and higher reported net income year?over?year, which supports the view of improving operations. Wynn Resorts Posts Strong Q1 Results and Expansion
• Positive Sentiment: Dividend declaration: Wynn announced a $0.25 quarterly dividend (ex?dividend May 18), a modest yield (~0.9%) that can attract income?oriented holders and signal confidence in near?term cash generation.
• Positive Sentiment: Analyst backdrop remains constructive: multiple recent buy/overweight ratings and a median price target well above the current level provide a supportive narrative for investors looking longer term. QuiverQuant WYNN coverage
• Neutral Sentiment: Earnings materials released: management posted the Q1 earnings slide deck and the full call transcript — useful for investors parsing forward guidance, regional recovery and VIP trends. Earnings Call Transcript Earnings Presentation
• Neutral Sentiment: ESG report published: Wynn released its 2025 ESG report detailing sustainability and workforce initiatives — relevant for ESG?focused funds but unlikely to move near?term price materially. Wynn Resorts 2025 ESG Report
• Neutral Sentiment: Mixed institutional positioning: recent 13F/hedge fund flows show both large adds and large trims, indicating uneven conviction among institutions. QuiverQuant institutional holdings
• Negative Sentiment: GAAP/diluted EPS and some third?party data painted a less favorable picture: certain reports show diluted GAAP EPS below expectations (different accounting measures vs. non?GAAP) — this accounting mix led some traders to sell into the print. QuiverQuant Q1 coverage
• Negative Sentiment: Balance sheet cash decline and capex: cash and cash equivalents were reported noticeably lower year?over?year while capex rose; investors concerned about liquidity and leverage may view this as a headwind. QuiverQuant financials
• Negative Sentiment: Geopolitical risk to international expansion: a report flagged that Gulf conflict risks could delay the opening of the planned Wynn UAE resort, creating potential timing and revenue risk. Will Gulf War delay opening of Wynn UAE resort?

Analyst Ratings Changes

WYNN has been the subject of a number of research analyst reports. Susquehanna reduced their target price on Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, April 16th. Barclays upped their price target on Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Texas Capital upgraded Wynn Resorts to a “strong-buy” rating in a research report on Thursday, January 8th. Stifel Nicolaus dropped their target price on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft set a $144.00 price target on shares of Wynn Resorts in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.64.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WYNN. Parallel Advisors LLC raised its position in shares of Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after purchasing an additional 100 shares during the period. Mackenzie Financial Corp grew its stake in Wynn Resorts by 4.8% in the 4th quarter. Mackenzie Financial Corp now owns 3,007 shares of the casino operator’s stock valued at $361,000 after buying an additional 137 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after buying an additional 156 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Wynn Resorts by 0.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 20,598 shares of the casino operator’s stock worth $2,728,000 after acquiring an additional 161 shares during the period. Finally, Commerce Bank lifted its position in Wynn Resorts by 1.9% during the 4th quarter. Commerce Bank now owns 10,038 shares of the casino operator’s stock worth $1,208,000 after acquiring an additional 186 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Wynn Resorts Company Profile

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.