Zacks Research Analysts Lower Earnings Estimates for Wynn Resorts, Limited (NASDAQ:WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Wynn Resorts in a research report issued to clients and investors on Tuesday, August 27th. Zacks Research analyst M. Kaushik now expects that the casino operator will post earnings of $5.34 per share for the year, down from their previous forecast of $5.55. The consensus estimate for Wynn Resorts' current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Wynn Resorts' Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $1.42 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.44 EPS, FY2025 earnings at $5.36 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.23 EPS and FY2026 earnings at $5.41 EPS.

WYNN has been the subject of a number of other research reports. Barclays boosted their target price on Wynn Resorts from $124.00 to $128.00 and gave the stock an "overweight" rating in a report on Thursday, May 9th. Jefferies Financial Group decreased their target price on Wynn Resorts from $111.00 to $96.00 and set a "hold" rating for the company in a report on Thursday, July 11th. Argus upgraded Wynn Resorts from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on Wynn Resorts from $131.00 to $122.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, Macquarie reissued an "outperform" rating and set a $126.00 price target on shares of Wynn Resorts in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.73.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded up $1.34 during trading on Friday, reaching $76.88. 3,937,769 shares of the stock were exchanged, compared to its average volume of 1,931,591. Wynn Resorts has a 12-month low of $71.63 and a 12-month high of $110.38. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.82. The firm's 50-day moving average price is $81.13 and its 200 day moving average price is $92.44.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Tuesday, August 6th. The casino operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WYNN. International Assets Investment Management LLC bought a new position in Wynn Resorts during the 2nd quarter worth $25,000. ICA Group Wealth Management LLC bought a new position in shares of Wynn Resorts in the fourth quarter worth $27,000. Register Financial Advisors LLC bought a new position in shares of Wynn Resorts in the first quarter worth $37,000. GAMMA Investing LLC acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at $38,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Wynn Resorts by 47.5% in the fourth quarter. Federated Hermes Inc. now owns 435 shares of the casino operator's stock valued at $40,000 after buying an additional 140 shares during the period. 68.87% of the stock is currently owned by institutional investors.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. Wynn Resorts's dividend payout ratio (DPR) is 13.70%.

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.