Wynn Resorts Ltd. (WYNN) Trading 5.5% Higher
Wynn Resorts Ltd. (NASDAQ:WYNN) shares traded up 5.5% during trading on Thursday . The company traded as high as $95.26 and last traded at $94.22, with a volume of 4,620,135 shares changing hands. The stock had previously closed at $89.32.
A number of research analysts recently commented on the stock. Vetr downgraded shares of Wynn Resorts from a “buy” rating to a “hold” rating and set a $103.36 target price on the stock. in a research report on Tuesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wynn Resorts in a research report on Sunday, June 26th. Gabelli reaffirmed a “buy” rating on shares of Wynn Resorts in a research report on Sunday, May 8th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Wynn Resorts in a research report on Saturday, June 4th. Finally, Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.33.
The firm’s 50 day moving average price is $97.02 and its 200 day moving average price is $93.18. The firm has a market capitalization of $9.37 billion and a P/E 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 analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts predict that Wynn Resorts Ltd. will post $3.81 EPS for the current 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Tuesday, August 9th.
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.
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