Wynn Resorts, Limited Announces Quarterly Dividend of $1.25 (WYNN)
Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Thursday, May 1st, Analyst RN reports. Investors of record on Thursday, May 15th will be paid a dividend of 1.25 per share on Thursday, May 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.42%.
WYNN has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Wynn Resorts, Limited from $226.00 to $229.00 in a research note on Monday, April 7th. They now have an “overweight” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts, Limited from $232.00 to $246.00 in a research note on Friday, April 4th. They now have an “overweight” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Wynn Resorts, Limited from $235.00 to $268.00 in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $216.58.
Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.34% on Thursday, hitting $206.63. The stock had a trading volume of 2,693,854 shares. Wynn Resorts, Limited has a one year low of $121.84 and a one year high of $249.31. The stock has a 50-day moving average of $216.8 and a 200-day moving average of $199.4. The company has a market cap of $20.827 billion and a P/E ratio of 28.44. Wynn Resorts, Limited also was the recipient of some unusual options trading on Thursday. Stock investors acquired 10,801 call options on the company. This represents an increase of approximately 152% compared to the average daily volume of 4,290 call options.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings data on Thursday, May 1st. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.07 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Wynn Resorts, Limited will post $8.29 earnings per share for the current fiscal year.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts.
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