Equities analysts forecast that Wynn Resorts, Limited (NASDAQ:WYNN) will announce earnings per share of $1.34 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Wynn Resorts’ earnings. The highest EPS estimate is $1.52 and the lowest is $1.22. Wynn Resorts posted earnings of $0.50 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 168%. The business is expected to announce its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that Wynn Resorts will report full year earnings of $5.36 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $5.75. For the next fiscal year, analysts forecast that the firm will post earnings of $6.52 per share, with EPS estimates ranging from $6.07 to $7.49. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The business’s revenue was up 45.3% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS.
Wynn Resorts (NASDAQ WYNN) traded down $1.78 on Friday, reaching $162.52. 3,527,900 shares of the company were exchanged, compared to its average volume of 1,300,000. The firm has a market cap of $16,700.00, a price-to-earnings ratio of 45.02 and a beta of 1.73. Wynn Resorts has a 1-year low of $86.20 and a 1-year high of $171.06. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.
In other news, President Matt Maddox sold 59,260 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kimmarie Sinatra sold 20,795 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $152.03, for a total transaction of $3,161,463.85. Following the completion of the transaction, the executive vice president now owns 226,992 shares in the company, valued at $34,509,593.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,055 shares of company stock worth $14,629,975. Insiders own 13.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of WYNN. JPMorgan Chase & Co. lifted its position in shares of Wynn Resorts by 128.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 819,007 shares of the casino operator’s stock worth $109,845,000 after buying an additional 459,916 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Wynn Resorts by 563.7% in the 3rd quarter. Janus Henderson Group PLC now owns 507,249 shares of the casino operator’s stock worth $75,540,000 after buying an additional 430,816 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Wynn Resorts by 529.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 418,843 shares of the casino operator’s stock worth $62,374,000 after buying an additional 352,343 shares during the last quarter. Maverick Capital Ltd. lifted its position in Wynn Resorts by 36.9% in the 2nd quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after purchasing an additional 339,550 shares during the last quarter. Finally, FMR LLC lifted its position in Wynn Resorts by 294.1% in the 2nd quarter. FMR LLC now owns 409,967 shares of the casino operator’s stock valued at $54,985,000 after purchasing an additional 305,945 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.