Wynn Resorts, Limited Target of Unusually Large Options Trading (WYNN)
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) were the target of some unusual options trading activity on Thursday. Stock investors purchased 10,801 call options on the stock, Analyst Ratings.Net reports. This represents an increase of 152% compared to the typical volume of 4,290 call options.
A number of analysts have recently weighed in on WYNN shares. 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. Separately, 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Wynn Resorts, Limited currently has a consensus rating of “Buy” and an average target price of $216.58.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded up 1.34% during mid-day trading on Thursday, hitting $206.63. The stock had a trading volume of 2,691,380 shares. Wynn Resorts, Limited has a 1-year low of $121.84 and a 1-year high of $249.31. The stock’s 50-day moving average is $216.8 and its 200-day moving average is $199.4. The company has a market cap of $20.827 billion and a P/E ratio of 28.44.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings data on Thursday, May 1st. The company reported $2.32 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Wynn Resorts, Limited will post $8.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.42%.
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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