Wynn Resorts, Limited (WYNN) Scheduled to Post Quarterly Earnings on Tuesday
Wynn Resorts, Limited (NASDAQ:WYNN) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.28 per share for the quarter.
Wynn Resorts, Limited (NASDAQ:WYNN) last announced its earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. Wynn Resorts, Limited’s revenue was up 44.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, analysts expect Wynn Resorts, Limited to post $5.03 EPS for the current fiscal year and $6.01 EPS for the next fiscal year.
Wynn Resorts, Limited (NASDAQ WYNN) opened at 144.76 on Tuesday. The company has a 50-day moving average of $144.84 and a 200-day moving average of $133.10. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 54.18 and a beta of 1.67. Wynn Resorts, Limited has a 12 month low of $82.51 and a 12 month high of $150.40.
In related news, President Matt Maddox sold 42,900 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the transaction, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kimmarie Sinatra sold 21,451 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares in the company, valued at $32,090,883.66. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock worth $9,621,369 over the last three months. 13.20% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Wynn Resorts, Limited (WYNN) Scheduled to Post Quarterly Earnings on Tuesday” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/24/wynn-resorts-limited-wynn-scheduled-to-post-quarterly-earnings-on-tuesday.html.
A number of analysts recently commented on the company. Citigroup Inc. lifted their price objective on Wynn Resorts, Limited to $161.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. BidaskClub lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 price objective (up from $128.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. Finally, Instinet reiterated a “neutral” rating on shares of Wynn Resorts, Limited in a research report on Monday, July 17th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Wynn Resorts, Limited has a consensus rating of “Buy” and an average price target of $137.52.
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.
Receive News & Ratings for Wynn Resorts Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts Limited and related companies with MarketBeat.com's FREE daily email newsletter.