Wynn Resorts, Limited (NASDAQ:WYNN) Declares Quarterly Dividend of $0.25

Wynn Resorts, Limited (NASDAQ:WYNN - Get Free Report) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.25 per share by the casino operator on Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, February 24th.

Wynn Resorts has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wynn Resorts to earn $4.89 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.4%.

Wynn Resorts Stock Performance

Wynn Resorts stock traded up $2.40 during midday trading on Tuesday, hitting $91.22. 1,316,663 shares of the company's stock were exchanged, compared to its average volume of 2,789,523. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38. The firm has a 50-day moving average of $85.52 and a two-hundred day moving average of $86.96. The company has a market cap of $10.02 billion, a PE ratio of 11.22, a P/E/G ratio of 2.32 and a beta of 1.76.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. As a group, equities analysts expect that Wynn Resorts will post 4.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WYNN. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Macquarie restated an "outperform" rating and issued a $115.00 price target on shares of Wynn Resorts in a report on Friday. Wells Fargo & Company lowered their price target on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group upgraded shares of Wynn Resorts from a "hold" rating to a "buy" rating and raised their price target for the company from $105.00 to $118.00 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.58.

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.