Analysts forecast that Wynn Resorts, Limited (NASDAQ:WYNN) will announce sales of $782.61 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Wynn Resorts’ earnings, with the lowest sales estimate coming in at $727.03 million and the highest estimate coming in at $856.80 million. Wynn Resorts reported sales of $953.72 million during the same quarter last year, which indicates a negative year-over-year growth rate of 17.9%. The business is expected to announce its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Wynn Resorts will report full year sales of $4.40 billion for the current fiscal year, with estimates ranging from $3.97 billion to $5.03 billion. For the next year, analysts anticipate that the firm will post sales of $6.15 billion, with estimates ranging from $5.54 billion to $6.74 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, February 4th. The casino operator reported ($2.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.22) by ($0.23). Wynn Resorts had a negative net margin of 25.71% and a negative return on equity of 96.61%. During the same period in the prior year, the firm posted $0.86 EPS.

A number of equities analysts recently weighed in on WYNN shares. Smith Barney Citigroup lowered Wynn Resorts from a “buy” rating to a “sell” rating in a research report on Thursday, January 7th. They noted that the move was a valuation call. Morgan Stanley increased their price target on Wynn Resorts from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Zacks Investment Research upgraded Wynn Resorts from a “sell” rating to a “hold” rating and set a $114.00 price target for the company in a research report on Friday, February 5th. Credit Suisse Group increased their price target on Wynn Resorts from $80.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, February 8th. Finally, Macquarie increased their price target on Wynn Resorts from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, December 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $99.67.

Shares of NASDAQ:WYNN traded up $9.73 during midday trading on Tuesday, reaching $136.48. The company had a trading volume of 7,002,915 shares, compared to its average volume of 3,189,552. The company has a debt-to-equity ratio of 45.50, a quick ratio of 2.22 and a current ratio of 2.27. Wynn Resorts has a 1-year low of $35.84 and a 1-year high of $138.26. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of -13.06 and a beta of 2.32. The company has a fifty day simple moving average of $110.81 and a two-hundred day simple moving average of $94.09.

In other news, CFO Craig Scott Billings sold 4,673 shares of the firm’s stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $113.50, for a total transaction of $530,385.50. Following the completion of the sale, the chief financial officer now directly owns 83,539 shares of the company’s stock, valued at approximately $9,481,676.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia Mulroy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $119.79, for a total value of $47,916.00. Following the completion of the transaction, the director now directly owns 6,897 shares in the company, valued at $826,191.63. The disclosure for this sale can be found here. Insiders have sold a total of 7,573 shares of company stock valued at $848,627 over the last ninety days. Company insiders own 0.75% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYNN. Kestra Advisory Services LLC raised its position in Wynn Resorts by 11,541.0% in the 4th quarter. Kestra Advisory Services LLC now owns 11,641 shares of the casino operator’s stock valued at $1,320,000 after purchasing an additional 11,541 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Wynn Resorts by 508.2% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,646 shares of the casino operator’s stock worth $2,104,000 after acquiring an additional 15,580 shares in the last quarter. KMG Fiduciary Partners LLC raised its stake in Wynn Resorts by 33.7% in the fourth quarter. KMG Fiduciary Partners LLC now owns 12,990 shares of the casino operator’s stock valued at $1,431,000 after buying an additional 3,273 shares during the period. California State Teachers Retirement System increased its stake in shares of Wynn Resorts by 2.2% during the third quarter. California State Teachers Retirement System now owns 177,852 shares of the casino operator’s stock worth $12,772,000 after purchasing an additional 3,758 shares during the period. Finally, Hartford Investment Management Co. grew its position in Wynn Resorts by 9.0% during the fourth quarter. Hartford Investment Management Co. now owns 11,093 shares of the casino operator’s stock worth $1,252,000 after buying an additional 912 shares in the last quarter. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company's Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,011 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays.

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Earnings History and Estimates for Wynn Resorts (NASDAQ:WYNN)

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