Zacks: Brokerages Anticipate Wynn Resorts, Limited (WYNN) to Post $1.34 EPS
Wall Street analysts expect Wynn Resorts, Limited (NASDAQ:WYNN) to announce $1.34 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Wynn Resorts’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.22. Wynn Resorts reported earnings per share of $0.50 during the same quarter last year, which would suggest a positive year-over-year growth rate of 168%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Wynn Resorts will report full-year earnings of $5.38 per share for the current fiscal year, with EPS estimates ranging from $5.18 to $5.75. For the next financial year, analysts forecast that the business will post earnings of $6.68 per share, with EPS estimates ranging from $6.07 to $7.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS.
In other Wynn Resorts news, Director Alvin V. Shoemaker sold 15,000 shares of Wynn Resorts stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the completion of the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Matt Maddox sold 59,260 shares of Wynn Resorts stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock valued at $14,629,975 in the last 90 days. 13.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. SG Americas Securities LLC raised its stake in shares of Wynn Resorts by 111.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,656 shares of the casino operator’s stock valued at $222,000 after buying an additional 16,694 shares during the last quarter. Norinchukin Bank The raised its stake in shares of Wynn Resorts by 7.2% during the 2nd quarter. Norinchukin Bank The now owns 5,541 shares of the casino operator’s stock valued at $743,000 after buying an additional 374 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Wynn Resorts by 83.9% during the 2nd quarter. Nationwide Fund Advisors now owns 41,256 shares of the casino operator’s stock valued at $5,533,000 after buying an additional 18,820 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Wynn Resorts by 11.1% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,000 shares of the casino operator’s stock valued at $671,000 after buying an additional 500 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of Wynn Resorts by 56.8% during the 2nd quarter. Amalgamated Bank now owns 9,410 shares of the casino operator’s stock valued at $1,262,000 after buying an additional 3,408 shares during the last quarter. Institutional investors and hedge funds own 71.96% of the company’s stock.
Shares of Wynn Resorts (NASDAQ WYNN) traded up $3.19 during midday trading on Wednesday, reaching $168.73. The company’s stock had a trading volume of 3,264,300 shares, compared to its average volume of 2,592,660. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68. The company has a market cap of $17,800.00, a PE ratio of 46.74 and a beta of 1.73. Wynn Resorts has a 1-year low of $89.60 and a 1-year high of $172.63.
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Wynn Resorts 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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