Wynn Resorts (WYNN) Set to Announce Quarterly Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Wynn Resorts to post earnings of $1.43 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.76. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted ($1.23) EPS. Wynn Resorts’s revenue for the quarter was up 83.1% on a year-over-year basis. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wynn Resorts Price Performance

WYNN opened at $96.71 on Friday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 16.17 and a beta of 1.91. Wynn Resorts has a fifty-two week low of $81.65 and a fifty-two week high of $113.50. The company’s 50 day moving average price is $100.60 and its two-hundred day moving average price is $95.15.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, February 16th. Wynn Resorts’s payout ratio is presently 16.72%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WYNN shares. Mizuho began coverage on Wynn Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $131.00 price target for the company. Wells Fargo & Company raised their target price on Wynn Resorts from $122.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. StockNews.com raised shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Morgan Stanley increased their price target on shares of Wynn Resorts from $107.00 to $114.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Macquarie lifted their price objective on shares of Wynn Resorts from $122.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.43.

Insider Transactions at Wynn Resorts

In other news, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now directly owns 307,904 shares of the company’s stock, valued at $33,253,632. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Craig Scott Billings sold 19,235 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now owns 307,904 shares in the company, valued at $33,253,632. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Julie Cameron-Doe sold 6,383 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the completion of the transaction, the chief financial officer now directly owns 78,150 shares of the company’s stock, valued at approximately $8,226,850.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,578 shares of company stock worth $2,850,282. Company insiders own 0.52% of the company’s stock.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.