Brokerages expect that Wynn Resorts, Limited (NASDAQ:WYNN) will announce earnings of $1.34 per share for the current quarter, Zacks reports. Four analysts have made estimates for Wynn Resorts’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.22. Wynn Resorts reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 168%. The business is expected to report its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Wynn Resorts will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.15 to $5.75. For the next year, analysts forecast that the business will post earnings of $6.52 per share, with EPS estimates ranging from $6.07 to $7.49. Zacks’ EPS averages are an average based on a survey of research analysts that cover Wynn Resorts.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s revenue was up 45.3% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share.

WYNN has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Wynn Resorts from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, October 27th. TheStreet downgraded shares of Wynn Resorts from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Barclays raised their target price on shares of Wynn Resorts to $180.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Telsey Advisory Group raised their target price on shares of Wynn Resorts from $157.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Tuesday, September 26th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $151.67.

In related news, EVP Kimmarie Sinatra sold 20,795 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were 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 of the company’s stock, valued at $34,509,593.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Matt Maddox sold 59,260 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,055 shares of company stock valued at $14,629,975. Corporate insiders own 13.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Wynn Resorts by 3.1% during the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after purchasing an additional 246,476 shares during the last quarter. Capital International Investors raised its holdings in shares of Wynn Resorts by 0.3% during the third quarter. Capital International Investors now owns 3,143,896 shares of the casino operator’s stock worth $468,189,000 after purchasing an additional 8,534 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Wynn Resorts by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock worth $169,024,000 after purchasing an additional 339,550 shares during the last quarter. Thornburg Investment Management Inc. raised its holdings in shares of Wynn Resorts by 1.2% during the third quarter. Thornburg Investment Management Inc. now owns 890,955 shares of the casino operator’s stock worth $132,681,000 after purchasing an additional 10,734 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Wynn Resorts by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 877,781 shares of the casino operator’s stock worth $130,719,000 after purchasing an additional 65,335 shares during the last quarter. 71.95% of the stock is owned by hedge funds and other institutional investors.

Shares of Wynn Resorts (WYNN) traded up $0.11 on Friday, reaching $168.59. 1,320,132 shares of the company’s stock traded hands, compared to its average volume of 1,234,417. The firm has a market capitalization of $17,328.02, a P/E ratio of 46.57 and a beta of 1.73. Wynn Resorts has a 52 week low of $85.57 and a 52 week high of $171.06. The company has a current ratio of 1.72, a quick ratio of 1.68 and a debt-to-equity ratio of 24.54.

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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.

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

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