Wynn Resorts (NASDAQ:WYNN - Get Free Report) issued its quarterly earnings data 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%.
Wynn Resorts Stock Performance
Shares of NASDAQ:WYNN traded up $8.35 during midday trading on Monday, hitting $88.82. 9,028,540 shares of the company's stock traded hands, compared to its average volume of 2,352,991. The company has a market cap of $9.75 billion, a PE ratio of 10.95, a P/E/G ratio of 2.32 and a beta of 1.76. The firm's fifty day moving average price is $85.52 and its two-hundred day moving average price is $86.96. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38.
Wynn Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $0.25 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. Wynn Resorts's dividend payout ratio (DPR) is presently 12.33%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Morgan Stanley lifted their target price 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. Barclays lifted their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho lifted their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $119.50.
Check Out Our Latest Stock Analysis on WYNN
About Wynn Resorts
(
Get Free Report)
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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