Wynn Resorts’ (WYNN) Hold Rating Reiterated at Deutsche Bank AG
Other research analysts have also issued reports about the stock. Wells Fargo & Co. reiterated a hold rating on shares of Wynn Resorts in a research note on Saturday, June 4th. Vetr upgraded shares of Wynn Resorts from a hold rating to a buy rating and set a $103.36 price target for the company in a research report on Monday, August 1st. Morgan Stanley restated an overweight rating on shares of Wynn Resorts in a research report on Wednesday, June 29th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts from a hold rating to a buy rating and set a $110.00 price target for the company in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $99.91.
Shares of Wynn Resorts (NASDAQ:WYNN) opened at 103.49 on Friday. The company has a 50-day moving average price of $98.22 and a 200-day moving average price of $95.10. The firm has a market capitalization of $10.50 billion, a P/E ratio of 32.02 and a beta of 2.00. Wynn Resorts has a 12-month low of $49.95 and a 12-month high of $109.50.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Wynn Resorts had a net margin of 7.67% and a return on equity of 3,746.24%. The business earned $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.74 EPS. Wynn Resorts’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Wynn Resorts will post $3.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, August 9th. Wynn Resorts’s dividend payout ratio (DPR) is presently 66.23%.
A number of large investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Wynn Resorts during the first quarter worth $205,000. Teachers Advisors Inc. boosted its stake in shares of Wynn Resorts by 5.0% in the first quarter. Teachers Advisors Inc. now owns 85,306 shares of the casino operator’s stock worth $7,970,000 after buying an additional 4,079 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Wynn Resorts by 10.1% in the first quarter. TIAA CREF Investment Management LLC now owns 378,980 shares of the casino operator’s stock worth $35,408,000 after buying an additional 34,732 shares during the period. Ngam Advisors L.P. boosted its stake in shares of Wynn Resorts by 31.6% in the first quarter. Ngam Advisors L.P. now owns 20,504 shares of the casino operator’s stock worth $1,916,000 after buying an additional 4,923 shares during the period. Finally, CIBC World Markets Inc. boosted its stake in shares of Wynn Resorts by 15.3% in the first quarter. CIBC World Markets Inc. now owns 19,131 shares of the casino operator’s stock worth $1,787,000 after buying an additional 2,543 shares during the period. Institutional investors and hedge funds own 74.48% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations.
Receive News & Ratings for Wynn Resorts Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.