Wynn Resorts Ltd. (WYNN) Shares Down 1.5%
Wynn Resorts Ltd. (NASDAQ:WYNN) shares dropped 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.
WYNN has been the topic of a number of analyst reports. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Wynn Resorts in a research report on Monday, May 9th. Vetr upgraded shares of Wynn Resorts from a “sell” rating to a “buy” rating and set a $96.42 price objective on the stock in a research report on Tuesday, June 28th. Credit Agricole SA reiterated an “underperform” rating and set a $97.00 price objective on shares of Wynn Resorts in a research report on Wednesday, August 24th. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. cut shares of Wynn Resorts from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $101.00 to $94.00 in a report on Thursday, July 14th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Wynn Resorts currently has a consensus rating of “Hold” and an average target price of $97.33.
The stock has a market cap of $9.37 billion and a price-to-earnings ratio of 28.58. The company has a 50 day moving average price of $97.02 and a 200 day moving average price of $93.18.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, July 28th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.16. The company earned $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Wynn Resorts Ltd. will post $3.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a 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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