Wynn Resorts, Limited Sees Large Growth in Short Interest (WYNN)
Wynn Resorts, Limited (NASDAQ:WYNN) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 3,676,392 shares, a growth of 33.1% from the April 15th total of 2,761,453 shares, Analyst Ratings Network.com reports. Based on an average daily volume of 2,260,601 shares, the days-to-cover ratio is currently 1.6 days. Currently, 4.6% of the company’s stock are short sold.
In other Wynn Resorts, Limited news, CFO Matt Maddox sold 16,688 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $204.23, for a total transaction of $3,408,190.24. Following the completion of the transaction, the chief financial officer now directly owns 86,872 shares of the company’s stock, valued at approximately $17,741,869. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on WYNN shares. Analysts at Janney Montgomery Scott reiterated a “positive” rating on shares of Wynn Resorts, Limited in a research note on Monday, May 12th. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Monday, May 5th. They now have a $266.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Wynn Resorts, Limited from $220.00 to $235.00 in a research note on Friday, May 2nd. They now have a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $227.40.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at 203.56 on Tuesday. 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 $209.1 and a 200-day moving average of $203.1. The company has a market cap of $20.523 billion and a price-to-earnings ratio of 27.30.
Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.03 earnings per share. Wynn Resorts, Limited’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Wynn Resorts, Limited will post $8.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 29th. Shareholders 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 2.46%. The ex-dividend date of this dividend is Tuesday, May 13th.
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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