Wynn Resorts, Limited (NASDAQ:WYNN) – Equities research analysts at Gabelli upped their FY2018 earnings per share (EPS) estimates for Wynn Resorts, Limited in a note issued to investors on Friday. Gabelli analyst A. Trivison now anticipates that the casino operator will post earnings per share of $6.15 for the year, up from their previous forecast of $6.00.

Other equities analysts have also recently issued reports about the company. Barclays PLC raised their target price on Wynn Resorts, Limited from $148.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. BidaskClub cut Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a report on Tuesday, September 26th. Citigroup Inc. raised their target price on Wynn Resorts, Limited to $161.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Stifel Nicolaus raised their target price on Wynn Resorts, Limited from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Wynn Resorts, Limited currently has a consensus rating of “Buy” and a consensus target price of $140.76.

COPYRIGHT VIOLATION WARNING: “Brokers Set Expectations for Wynn Resorts, Limited’s FY2018 Earnings (WYNN)” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/30/brokers-set-expectations-for-wynn-resorts-limiteds-fy2018-earnings-wynn.html.

Shares of Wynn Resorts, Limited (WYNN) opened at 143.15 on Monday. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.40. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 53.57 and a beta of 1.67. The firm has a 50 day moving average price of $144.85 and a 200 day moving average price of $133.65.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts, Limited had a return on equity of 140.73% and a net margin of 6.24%. The business’s revenue was up 45.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share.

Several institutional investors have recently modified their holdings of WYNN. FNY Partners Fund LP grew its position in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after acquiring an additional 1,080 shares in the last quarter. Reilly Financial Advisors LLC grew its position in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after acquiring an additional 1,000 shares in the last quarter. Financial Architects Inc grew its position 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 acquiring an additional 50 shares in the last quarter. IFP Advisors Inc grew its position in Wynn Resorts, Limited by 40.8% in the second quarter. IFP Advisors Inc now owns 1,259 shares of the casino operator’s stock worth $169,000 after acquiring an additional 365 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its position in Wynn Resorts, Limited by 808.1% in the second quarter. Hanseatic Management Services Inc. now owns 1,462 shares of the casino operator’s stock worth $196,000 after acquiring an additional 1,301 shares in the last quarter. Hedge funds and other institutional investors own 70.78% of the company’s stock.

In other news, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the president now owns 350,586 shares in the company, valued at $50,288,055.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were 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 owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. Company insiders own 13.20% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. Wynn Resorts, Limited’s payout ratio is 55.25%.

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.

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

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.