Wynn Resorts (NASDAQ:WYNN) Posts Earnings Results, Misses Expectations By $0.11 EPS

Wynn Resorts (NASDAQ:WYNN) posted its earnings results on Monday. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11), RTT News reports. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 62.44%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.99 EPS. Wynn Resorts’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Wynn Resorts Trading Up 2.4 %

Shares of WYNN traded up $2.09 during trading hours on Thursday, reaching $87.41. 1,170,777 shares of the stock traded hands, compared to its average volume of 2,162,591. Wynn Resorts has a 52 week low of $71.63 and a 52 week high of $110.38. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.48 and a beta of 1.80. The stock has a fifty day simple moving average of $90.58 and a 200 day simple moving average of $88.67.

Wynn Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, November 15th. Wynn Resorts’s dividend payout ratio is 12.33%.

Insider Activity

In other Wynn Resorts news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $78.73, for a total value of $208,634.50. Following the transaction, the director now directly owns 5,689 shares in the company, valued at $447,894.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WYNN has been the topic of a number of analyst reports. Barclays decreased their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday. StockNews.com lowered Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Jefferies Financial Group reduced their price objective on Wynn Resorts from $111.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wynn Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Wynn Resorts Company Profile

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.