Analysts forecast that Wynn Resorts, Limited (NASDAQ:WYNN) will announce $1.52 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Wynn Resorts, Limited’s earnings, with estimates ranging from $1.50 billion to $1.55 billion. Wynn Resorts, Limited reported sales of $1.11 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 36.9%. The company is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Wynn Resorts, Limited will report full year sales of $1.52 billion for the current financial year, with estimates ranging from $5.96 billion to $6.08 billion. For the next year, analysts expect that the business will post sales of $6.27 billion per share, with estimates ranging from $6.03 billion to $6.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wynn Resorts, Limited.

Wynn Resorts, Limited (NASDAQ:WYNN) last posted its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 205.76% and a net margin of 5.02%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business earned $1.07 EPS. Wynn Resorts, Limited’s revenue for the quarter was up 44.5% compared to the same quarter last year.

Several equities research analysts have recently commented on WYNN shares. Barclays PLC upgraded Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $87.00 to $144.00 in a report on Friday, May 12th. Zacks Investment Research downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Vetr upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price objective for the company in a report on Thursday, June 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 12th. Finally, Telsey Advisory Group downgraded Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $125.62.

In other news, Director Clark T. Jr. Randt sold 3,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $129.00, for a total transaction of $387,000.00. Following the transaction, the director now owns 7,711 shares of the company’s stock, valued at approximately $994,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patricia Mulroy sold 2,226 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.08, for a total value of $285,106.08. Following the transaction, the director now directly owns 8,011 shares in the company, valued at approximately $1,026,048.88. The disclosure for this sale can be found here. Insiders have sold a total of 73,309 shares of company stock worth $9,693,891 in the last ninety days. Insiders own 13.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its position in shares of Wynn Resorts, Limited by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 2,042 shares of the casino operator’s stock worth $234,000 after buying an additional 11 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Wynn Resorts, Limited by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after buying an additional 39 shares during the last quarter. Global X Management Co. LLC raised its stake in Wynn Resorts, Limited by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after buying an additional 43 shares during the last quarter. M&T Bank Corp raised its stake in Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock worth $445,000 after buying an additional 48 shares during the last quarter. Finally, Financial Architects Inc raised its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares during the last quarter. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 127.51 on Monday. The company has a market capitalization of $13.00 billion, a PE ratio of 47.72 and a beta of 1.72. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The company’s 50-day moving average price is $133.80 and its 200-day moving average price is $117.30.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. Wynn Resorts, Limited’s dividend payout ratio is presently 74.91%.

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Wynn Resorts, Limited Company Profile

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

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Earnings History and Estimates for Wynn Resorts, Limited (NASDAQ:WYNN)

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