Wynn Resorts Ltd. (WYNN) Shares Down 1.5%
Wynn Resorts Ltd. (NASDAQ:WYNN) shares fell 1.5% on Friday . The company traded as low as $91.11 and last traded at $91.80, with a volume of 1,930,603 shares trading hands. The stock had previously closed at $93.17.
A number of research firms have recently weighed in on WYNN. Deutsche Bank AG reissued a “hold” rating on shares of Wynn Resorts in a research note on Sunday, June 26th. Gabelli reaffirmed a “buy” rating on shares of Wynn Resorts in a research note on Sunday, May 8th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Wynn Resorts in a research note on Saturday, June 4th. Vetr raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $103.36 price objective on the stock in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Wynn Resorts in a research note on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $97.33.
The stock has a 50 day moving average of $96.99 and a 200 day moving average of $93.18. The company has a market capitalization of $9.37 billion and a PE ratio of 28.58.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, July 28th. The casino operator reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.16. The business earned $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Analysts anticipate that Wynn Resorts Ltd. will post $3.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Thursday, August 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%.
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.