Wynn Resorts (NASDAQ:WYNN - Get Free Report) announced its earnings results on Thursday. The casino operator reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $1.15, Zacks reports. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%.
Wynn Resorts Trading Up 10.4 %
Shares of Wynn Resorts stock traded up $8.35 during trading on Monday, hitting $88.82. The stock had a trading volume of 9,028,540 shares, compared to its average volume of 2,352,991. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 2.32 and a beta of 1.76. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38. The business's 50-day moving average is $85.52 and its 200 day moving average is $86.96.
Wynn Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Wynn Resorts's payout ratio is currently 12.33%.
Analyst Upgrades and Downgrades
WYNN has been the topic of a number of recent research reports. Macquarie reiterated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research note on Friday. Stifel Nicolaus raised their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective on Wynn Resorts from $112.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company cut their price objective on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Three equities 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $119.50.
Get Our Latest Stock Report on WYNN
Wynn Resorts Company Profile
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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.
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