Seaport Res Ptn Lowers Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN) – Research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Wynn Resorts in a report issued on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now forecasts that the casino operator will earn $1.33 per share for the quarter, down from their prior 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.

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

Other equities research analysts also recently issued reports about the company. Barclays lowered their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group dropped their target price on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.23.

Wynn Resorts Trading Down 0.5 %

Shares of Wynn Resorts stock opened at $84.33 on Wednesday. The stock’s fifty day simple moving average is $88.40 and its 200 day simple moving average is $86.93. The company has a market capitalization of $9.26 billion, a PE ratio of 10.40, a PEG ratio of 2.52 and a beta of 1.77. Wynn Resorts has a 12 month low of $71.63 and a 12 month high of $110.38.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 12.33%.

Institutional Trading of Wynn Resorts

Large investors have recently added to or reduced their stakes in the company. Regal Partners Ltd raised its holdings in shares of Wynn Resorts by 24.0% in the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after purchasing an additional 174,005 shares during the period. Wellington Management Group LLP raised its stake in Wynn Resorts by 90.6% in the third quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock valued at $11,094,000 after buying an additional 54,995 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Wynn Resorts in the fourth quarter valued at approximately $903,000. Crystal Rock Capital Management bought a new position in shares of Wynn Resorts during the 3rd quarter worth approximately $719,000. Finally, MBB Public Markets I LLC acquired a new position in shares of Wynn Resorts during the 2nd quarter worth approximately $698,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Company Profile

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.