Equities research analysts expect that Wynn Resorts, Limited (NASDAQ:WYNN) will post $1.45 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Wynn Resorts, Limited’s earnings, with the lowest sales estimate coming in at $1.44 billion and the highest estimate coming in at $1.46 billion. Wynn Resorts, Limited reported sales of $1.06 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 36.8%. The business is scheduled to announce its next earnings report on Thursday, July 27th.
On average, analysts expect that Wynn Resorts, Limited will report full-year sales of $1.45 billion for the current financial year, with estimates ranging from $5.82 billion to $6.02 billion. For the next financial year, analysts anticipate that the company will post sales of $6.16 billion per share, with estimates ranging from $5.86 billion to $6.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Wynn Resorts, Limited.
Wynn Resorts, Limited (NASDAQ:WYNN) last released its earnings results on Tuesday, April 25th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.28. Wynn Resorts, Limited had a net margin of 5.41% and a return on equity of 264.58%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue was up 47.9% compared to the same quarter last year.
WYNN has been the topic of a number of research reports. TheStreet raised shares of Wynn Resorts, Limited from a “c” rating to a “b-” rating in a research note on Thursday, March 30th. Vetr raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $120.45 price objective on the stock in a research report on Wednesday, March 29th. Argus raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $119.80 to $135.00 in a research report on Wednesday, April 5th. Aegis raised shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Tuesday, March 21st. Finally, Zacks Investment Research raised shares of Wynn Resorts, Limited from a “strong sell” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $122.83.
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Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.28% during midday trading on Friday, reaching $133.17. 1,359,390 shares of the company’s stock were exchanged. The stock has a market cap of $13.55 billion, a P/E ratio of 50.62 and a beta of 1.73. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67. The firm’s 50-day moving average is $133.62 and its 200 day moving average is $114.50.
In other news, EVP Kimmarie Sinatra sold 22,624 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $129.12, for a total value of $2,921,210.88. Following the completion of the transaction, the executive vice president now owns 221,067 shares of the company’s stock, valued at $28,544,171.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matt Maddox sold 44,309 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $134.35, for a total transaction of $5,952,914.15. Following the completion of the transaction, the president now directly owns 344,895 shares of the company’s stock, valued at approximately $46,336,643.25. The disclosure for this sale can be found here. Insiders sold 130,309 shares of company stock valued at $16,761,891 in the last three months. Company insiders own 13.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chesley Taft & Associates LLC acquired a new position in shares of Wynn Resorts, Limited during the first quarter worth about $1,034,000. CT Financial Advisors LLC raised its position in shares of Wynn Resorts, Limited by 2.5% in the first quarter. CT Financial Advisors LLC now owns 2,250 shares of the casino operator’s stock worth $258,000 after buying an additional 55 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Wynn Resorts, Limited by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,536 shares of the casino operator’s stock worth $7,855,000 after buying an additional 2,225 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth about $222,000. Finally, Kentucky Retirement Systems acquired a new position in shares of Wynn Resorts, Limited during the fourth quarter worth about $498,000. Institutional investors and hedge funds own 75.28% of the company’s stock.
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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