Equities research analysts expect Wynn Resorts (NASDAQ:WYNN) to report $1.70 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Wynn Resorts’ earnings, with the lowest sales estimate coming in at $1.55 billion and the highest estimate coming in at $1.78 billion. Wynn Resorts reported sales of $1.53 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 24th.
On average, analysts expect that Wynn Resorts will report full-year sales of $6.91 billion for the current fiscal year, with estimates ranging from $6.64 billion to $7.10 billion. For the next fiscal year, analysts expect that the company will post sales of $7.61 billion per share, with estimates ranging from $7.32 billion to $7.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, April 24th. The casino operator reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.32. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.75 billion. Wynn Resorts had a return on equity of 101.01% and a net margin of 6.75%. Wynn Resorts’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 earnings per share.
Shares of Wynn Resorts opened at $189.98 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 11.97, a current ratio of 1.17 and a quick ratio of 1.13. The stock has a market capitalization of $20.73 billion, a P/E ratio of 34.79 and a beta of 1.39. Wynn Resorts has a fifty-two week low of $189.45 and a fifty-two week high of $191.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Thursday, May 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Wynn Resorts’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, May 16th. Wynn Resorts’s dividend payout ratio is 36.63%.
In related news, CEO Matt Maddox sold 18,450 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $191.09, for a total value of $3,525,610.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Jos Miller sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $191.73, for a total value of $1,917,300.00. Following the completion of the transaction, the director now directly owns 19,162 shares of the company’s stock, valued at $3,673,930.26. The disclosure for this sale can be found here. Insiders sold a total of 4,133,449 shares of company stock valued at $744,342,731 over the last three months. Corporate insiders own 0.95% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Mark Asset Management Corp bought a new position in Wynn Resorts in the 1st quarter worth approximately $274,000. Alpine Global Management LLC bought a new position in Wynn Resorts in the 1st quarter worth approximately $8,206,000. Pacific Grove Capital LP acquired a new stake in Wynn Resorts in the first quarter worth approximately $3,647,000. Cowen Inc. acquired a new stake in Wynn Resorts in the first quarter worth approximately $11,496,000. Finally, Blue Chip Wealth Management Inc. acquired a new stake in Wynn Resorts in the first quarter worth approximately $247,000. 65.63% of the stock is owned by institutional investors and hedge funds.
Wynn Resorts Company Profile
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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