A number of firms have modified their ratings and price targets on shares of Wynn Resorts, Limited (NASDAQ: WYNN) recently:

  • 8/7/2017 – Wynn Resorts, Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wynn Resorts’ second-quarter earnings of $1.18 per share beat the Zacks Consensus Estimate by 8.3% and were up 10.3% year over year on higher revenues. Revenues of $1.53 billion beat the consensus mark by 5.3% and grew 44.5% year over year. Notably, the company failed to fully capitalize on the rebound in Macau gaming revenues in the quarter, given somewhat lower-than-expected results at Wynn Palace. Though foot traffic has been low at Wynn Palace of late, it is poised to witness increased visits from tourists and leisure gamblers over the long term. Meanwhile, Wynn Resorts’ shares outpaced the industry in the past six months. Further, the company’s strong brand recognition, higher non-gaming revenues along with an improving economy and growing tourism in Las Vegas should drive the top line. Yet, fears of another corruption crackdown by the authorities and high debt burden raises concern.”
  • 7/27/2017 – Wynn Resorts, Limited was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $146.26 price target on the stock.
  • 7/26/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Union Gaming Research.
  • 7/26/2017 – Wynn Resorts, Limited was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $150.00 price target on the stock.
  • 7/26/2017 – Wynn Resorts, Limited had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $134.00 price target on the stock, up previously from $128.00.
  • 7/26/2017 – Wynn Resorts, Limited was downgraded by analysts at UBS Group AG from a “buy” rating to a “hold” rating.
  • 7/21/2017 – Wynn Resorts, Limited had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $140.00 price target on the stock, up previously from $135.00.
  • 7/19/2017 – Wynn Resorts, Limited was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Wynn Resorts, Limited had its “neutral” rating reaffirmed by analysts at Instinet.
  • 7/14/2017 – Wynn Resorts, Limited was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $146.26 price target on the stock.
  • 7/12/2017 – Wynn Resorts, Limited had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 7/10/2017 – Wynn Resorts, Limited was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $140.28 price target on the stock.
  • 7/10/2017 – Wynn Resorts, Limited had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $151.00 price target on the stock, up previously from $133.00.
  • 7/10/2017 – Wynn Resorts, Limited had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 6/29/2017 – Wynn Resorts, Limited was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $140.28 price target on the stock.
  • 6/19/2017 – Wynn Resorts, Limited had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $137.00 price target on the stock, up previously from $130.00.
  • 6/16/2017 – Wynn Resorts, Limited was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2017 – Wynn Resorts, Limited was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $135.52 price target on the stock.

Wynn Resorts, Limited (WYNN) opened at 126.02 on Friday. The stock has a 50 day moving average of $132.28 and a 200-day moving average of $118.57. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 47.16 and a beta of 1.72. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm’s revenue was up 44.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. On average, equities research analysts anticipate that Wynn Resorts, Limited will post $4.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.59%. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 74.91%.

In related news, President Matt Maddox sold 44,309 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the completion of the transaction, the president now directly owns 344,895 shares in the company, valued at approximately $46,336,643.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patricia Mulroy sold 2,226 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the transaction, the director now owns 8,011 shares of the company’s stock, valued at $1,026,048.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,309 shares of company stock valued at $9,693,891. 13.20% of the stock is currently owned by corporate insiders.

Wynn Resorts, Limited (Wynn Resorts) 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’s segments include Macau Operations and Las Vegas Operations.

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