Seaport Res Ptn Lowers Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNNFree Report) – Equities research analysts at Seaport Res Ptn lowered their Q4 2024 earnings per share (EPS) estimates for Wynn Resorts in a report released on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now expects that the casino operator will post earnings per share of $1.33 for the quarter, down from their previous forecast of $1.52. The consensus estimate for Wynn Resorts’ current full-year earnings is $4.75 per share. Seaport Res Ptn also issued estimates for Wynn Resorts’ FY2025 earnings at $4.82 EPS and FY2026 earnings at $8.98 EPS.

A number of other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Susquehanna increased their target price on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 5th. Jefferies Financial Group cut their price target on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, January 3rd. Finally, Barclays decreased their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.23.

Read Our Latest Research Report on WYNN

Wynn Resorts Price Performance

Shares of NASDAQ WYNN opened at $89.60 on Wednesday. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38. The firm has a market capitalization of $9.84 billion, a P/E ratio of 11.05, a P/E/G ratio of 2.52 and a beta of 1.77. The company’s 50 day simple moving average is $88.21 and its 200 day simple moving average is $86.93.

Wynn Resorts (NASDAQ:WYNNGet Free Report) last released its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board bought a new position in shares of Wynn Resorts during the 2nd quarter worth approximately $258,000. Marshall Wace LLP acquired a new position in Wynn Resorts during the second quarter worth $1,869,000. APG Asset Management N.V. grew its position in Wynn Resorts by 231.0% in the second quarter. APG Asset Management N.V. now owns 11,176 shares of the casino operator’s stock valued at $933,000 after purchasing an additional 7,800 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Wynn Resorts in the 2nd quarter valued at $698,000. Finally, Mackenzie Financial Corp lifted its position in Wynn Resorts by 312.1% during the 2nd quarter. Mackenzie Financial Corp now owns 15,752 shares of the casino operator’s stock worth $1,410,000 after buying an additional 11,930 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. Wynn Resorts’s dividend payout ratio (DPR) is 12.33%.

Wynn Resorts Company Profile

(Get Free Report)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

See Also

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

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