FY2026 EPS Estimates for Wynn Resorts Cut by Seaport Res Ptn

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Research analysts at Seaport Res Ptn decreased their FY2026 earnings per share estimates for Wynn Resorts in a note issued to investors on Tuesday, April 22nd. Seaport Res Ptn analyst V. Umansky now expects that the casino operator will earn $6.00 per share for the year, down from their previous estimate of $6.40. The consensus estimate for Wynn Resorts' current full-year earnings is $5.17 per share. Seaport Res Ptn also issued estimates for Wynn Resorts' FY2027 earnings at $6.47 EPS.

Several other equities analysts have also recently issued reports on WYNN. Stifel Nicolaus lifted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, February 14th. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho raised their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Barclays reduced their price target on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Argus cut shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wynn Resorts has an average rating of "Moderate Buy" and an average price target of $118.17.

Wynn Resorts Price Performance

Shares of WYNN stock traded up $0.53 during midday trading on Wednesday, reaching $82.11. 1,466,758 shares of the company traded hands, compared to its average volume of 2,484,902. The firm's 50 day simple moving average is $82.06 and its two-hundred day simple moving average is $87.12. The firm has a market cap of $8.72 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts has a 1-year low of $65.25 and a 1-year high of $107.81.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion.

Hedge Funds Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of WYNN. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts during the third quarter worth $31,000. Synovus Financial Corp acquired a new stake in shares of Wynn Resorts during the third quarter valued at about $202,000. Franklin Resources Inc. lifted its stake in shares of Wynn Resorts by 0.5% in the third quarter. Franklin Resources Inc. now owns 250,962 shares of the casino operator's stock worth $26,088,000 after acquiring an additional 1,165 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Wynn Resorts by 1.9% in the third quarter. Principal Financial Group Inc. now owns 108,067 shares of the casino operator's stock valued at $10,361,000 after purchasing an additional 2,001 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Wynn Resorts by 91.9% during the 4th quarter. GAMMA Investing LLC now owns 2,885 shares of the casino operator's stock valued at $249,000 after purchasing an additional 1,382 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Philip G. Satre acquired 22,200 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company's stock, valued at $3,152,095.10. This trade represents a 185.08 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tilman J. Fertitta acquired 100,000 shares of Wynn Resorts stock in a transaction on Monday, April 7th. The shares were bought at an average price of $67.62 per share, for a total transaction of $6,762,000.00. Following the purchase, the insider now owns 13,000,000 shares of the company's stock, valued at $879,060,000. This represents a 0.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 438,700 shares of company stock valued at $31,300,943. Insiders own 0.52% of the company's stock.

Wynn Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.22%. Wynn Resorts's dividend payout ratio (DPR) is presently 23.75%.

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.