Wynn Resorts (WYNN) to Release Quarterly Earnings on Thursday

Wynn Resorts (NASDAQ:WYNN - Get Free Report) is projected to post its Q4 2024 quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Wynn Resorts to post earnings of $1.27 per share and revenue of $1.77 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wynn Resorts Price Performance

Wynn Resorts stock traded up $8.35 during trading hours on Friday, hitting $88.82. 9,028,540 shares of the stock traded hands, compared to its average volume of 2,843,028. The firm's 50 day moving average price is $85.66 and its 200-day moving average price is $86.83. The stock has a market capitalization 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 1 year low of $71.63 and a 1 year high of $110.38.

Remove Ads

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.13%. Wynn Resorts's payout ratio is presently 12.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WYNN shares. Jefferies Financial Group decreased their price objective on Wynn Resorts from $109.00 to $105.00 and set a "hold" rating for the company in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Wynn Resorts from $122.00 to $118.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Morgan Stanley boosted 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, Stifel Nicolaus boosted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $119.50.

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.