Wynn Resorts (NASDAQ:WYNN) Announces Earnings Results, Misses Expectations By $0.11 EPS

Wynn Resorts (NASDAQ:WYNN - Get Free Report) announced its earnings results on Monday. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11), RTT News reports. Wynn Resorts had a negative return on equity of 53.84% and a net margin of 12.22%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.99 EPS. The firm's revenue was up 1.3% compared to the same quarter last year.

Wynn Resorts Stock Performance

NASDAQ:WYNN opened at $95.65 on Tuesday. The company has a 50-day moving average of $89.82 and a 200-day moving average of $88.75. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.48 and a beta of 1.80. Wynn Resorts has a 52 week low of $71.63 and a 52 week high of $110.38.

Insider Transactions at Wynn Resorts

In related news, Director Patricia Mulroy sold 2,650 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total transaction of $208,634.50. Following the completion of the sale, the director now owns 5,689 shares in the company, valued at $447,894.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WYNN. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Wynn Resorts from $131.00 to $122.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus cut their price target on shares of Wynn Resorts from $121.00 to $103.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. Morgan Stanley increased their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price target on shares of Wynn Resorts from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.21.

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.