Wynn Resorts (NASDAQ:WYNN – Get Free Report) released its quarterly earnings data on Tuesday. The casino operator reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.16, RTT News reports. Wynn Resorts had a net margin of 11.18% and a negative return on equity of 31.17%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year.
Wynn Resorts Stock Down 0.7 %
WYNN opened at $97.23 on Wednesday. The firm has a 50 day moving average price of $100.38 and a 200-day moving average price of $95.38. Wynn Resorts has a twelve month low of $81.65 and a twelve month high of $113.50. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 16.26 and a beta of 1.91.
Wynn Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Wynn Resorts’s payout ratio is 16.72%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on WYNN
Insider Activity
In other news, Director Patricia Mulroy sold 960 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the transaction, the director now directly owns 522 shares of the company’s stock, valued at $54,898.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Wynn Resorts news, Director Patricia Mulroy sold 960 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.17, for a total transaction of $100,963.20. Following the completion of the sale, the director now directly owns 522 shares of the company’s stock, valued at $54,898.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Julie Cameron-Doe sold 6,383 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $105.27, for a total transaction of $671,938.41. Following the sale, the chief financial officer now directly owns 78,150 shares of the company’s stock, valued at $8,226,850.50. The disclosure for this sale can be found here. Insiders sold 26,578 shares of company stock valued at $2,850,282 over the last three months. Insiders own 0.52% of the company’s stock.
About Wynn Resorts
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.
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