Brokers Issue Forecasts for Wynn Resorts Q1 Earnings

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Research analysts at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for shares of Wynn Resorts in a note issued to investors on Tuesday, April 22nd. Seaport Res Ptn analyst V. Umansky expects that the casino operator will earn $1.32 per share for the quarter. The consensus estimate for Wynn Resorts' current full-year earnings is $5.17 per share. Seaport Res Ptn also issued estimates for Wynn Resorts' Q2 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.29 EPS, Q4 2025 earnings at $1.58 EPS and FY2025 earnings at $5.46 EPS.

WYNN has been the topic of a number of other reports. Mizuho raised their price target 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. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Stifel Nicolaus upped their price target on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Argus cut Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Morgan Stanley reduced their target price on Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Three research 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, Wynn Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $118.17.

Wynn Resorts Stock Performance

WYNN stock traded up $0.53 during trading on Thursday, reaching $82.11. 1,466,758 shares of the company traded hands, compared to its average volume of 2,489,179. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The business has a 50 day simple moving average of $82.06 and a 200 day simple moving average of $87.00. Wynn Resorts has a 12 month low of $65.25 and a 12 month high of $107.81.

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

Hedge Funds Weigh In On Wynn Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. New Wave Wealth Advisors LLC purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $26,000. Global X Japan Co. Ltd. increased its holdings in shares of Wynn Resorts by 120.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator's stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Wynn Resorts by 3,408.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator's stock worth $35,000 after buying an additional 409 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Wynn Resorts during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the purchase, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tilman J. Fertitta acquired 11,475 shares of the business's stock in a transaction dated Monday, March 24th. The stock was acquired at an average price of $84.93 per share, for a total transaction of $974,571.75. Following the purchase, the insider now directly owns 12,600,000 shares of the company's stock, valued at approximately $1,070,118,000. This trade represents a 0.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 438,700 shares of company stock worth $31,300,943 over the last quarter. Insiders own 0.52% of the company's stock.

Wynn Resorts Announces Dividend

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

Wynn Resorts Company Profile

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.