Wall Street brokerages predict that Wynn Resorts, Limited (NASDAQ:WYNN) will report sales of $1.64 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Wynn Resorts’ earnings, with the lowest sales estimate coming in at $1.57 billion and the highest estimate coming in at $1.71 billion. Wynn Resorts reported sales of $1.61 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Wynn Resorts will report full-year sales of $6.96 billion for the current fiscal year, with estimates ranging from $6.79 billion to $7.25 billion. For the next financial year, analysts expect that the business will report sales of $7.65 billion, with estimates ranging from $7.35 billion to $8.02 billion. Zacks’ sales averages 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 Thursday, May 9th. The casino operator reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. Wynn Resorts had a net margin of 13.43% and a return on equity of 35.83%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share.
In other Wynn Resorts news, Director Patricia Mulroy sold 425 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total value of $50,158.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in WYNN. Egerton Capital UK LLP increased its holdings in shares of Wynn Resorts by 201.7% in the first quarter. Egerton Capital UK LLP now owns 2,303,387 shares of the casino operator’s stock valued at $274,840,000 after purchasing an additional 1,539,927 shares during the last quarter. Norges Bank acquired a new position in shares of Wynn Resorts in the fourth quarter valued at $95,365,000. Pennsylvania Trust Co acquired a new position in shares of Wynn Resorts in the first quarter valued at $30,201,000. FMR LLC increased its holdings in shares of Wynn Resorts by 75.3% in the first quarter. FMR LLC now owns 1,235,412 shares of the casino operator’s stock valued at $147,409,000 after purchasing an additional 530,731 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Wynn Resorts in the first quarter valued at $56,414,000. Hedge funds and other institutional investors own 75.22% of the company’s stock.
Shares of WYNN stock traded down $1.24 during trading on Friday, reaching $120.18. The company’s stock had a trading volume of 2,649,993 shares, compared to its average volume of 2,222,213. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 4.84. The firm has a market cap of $13.07 billion, a PE ratio of 18.38, a P/E/G ratio of 1.94 and a beta of 1.76. Wynn Resorts has a one year low of $90.06 and a one year high of $197.68.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 22nd will be issued a $1.00 dividend. This is an increase from Wynn Resorts’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, May 21st. Wynn Resorts’s payout ratio is currently 45.87%.
Wynn Resorts Company Profile
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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