Wynn Resorts (NASDAQ:WYNN) Releases Earnings Results, Beats Estimates By $0.25 EPS

Wynn Resorts (NASDAQ:WYNN) issued its earnings results on Tuesday. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.25, FiscalAI reports. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year.

Here are the key takeaways from Wynn Resorts’ conference call:

• Las Vegas and Boston delivered solid operating results. Wynn Las Vegas generated $215 million of EBITDA, with casino revenue up 5%, RevPAR up 3%, and retail lease revenue up 8%, while Encore Boston Harbor produced $56 million of EBITDAR and record second-quarter RevPAR and hotel revenue.
• Macau performance benefited from stronger volumes and mass-market demand. Mass drop increased 5% in the quarter, and management said rolling volumes and mass drop began recovering in late July and early August after World Cup-related weakness.
• Wynn Al Marjan Island’s opening was delayed to September 2027, and its total project budget increased by approximately $600 million. Management attributed roughly half of the increase to regional-conflict-related supply-chain and shipping disruptions, with the remainder tied to project remeasurement, coordination, and other costs.
• The company is advancing growth investments in Macau, including the 432-suite Enclave hotel tower and a new event center and theater at Wynn Palace. Construction on both projects is expected to begin soon, with completion targeted for 2028 and 2029, respectively.
• Strong liquidity supports continued shareholder returns and development spending. Wynn reported approximately $4 billion of global cash and revolver availability, approved a $150 million Wynn Macau dividend, declared a $0.25-per-share Wynn Resorts dividend, and repurchased $75 million of stock during the quarter.

Wynn Resorts Price Performance

WYNN traded down $0.76 during trading on Tuesday, hitting $97.60. 2,444,712 shares of the stock traded hands, compared to its average volume of 1,563,061. The firm has a market capitalization of $10.13 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.01. The firm has a 50-day moving average of $100.51 and a 200 day moving average of $104.08. Wynn Resorts has a 12-month low of $92.52 and a 12-month high of $134.72.

Wynn Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, May 18th. Wynn Resorts’s dividend payout ratio is currently 29.85%.

More Wynn Resorts News

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 6.9% year over year to $1.86 billion, while adjusted earnings of $1.24 per share surpassed analyst estimates near $0.99–$1.01. Net income attributable to Wynn more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Q2 2026 Results
• Positive Sentiment: Broad-based operating performance: Wynn Palace and Wynn Macau revenue increased, while Las Vegas operations generated $643.2 million in revenue. The results suggest continued casino demand across key markets, particularly Macau. Wynn Resorts Second-Quarter Revenue Rises
• Positive Sentiment: Shareholder returns continued: Wynn declared a quarterly dividend of $0.25 per share and repurchased approximately 741,000 shares for $75 million during the quarter. Wynn Resorts Q2 Revenue and Capital Returns
• Positive Sentiment: UAE expansion advanced: Wynn Al Marjan Island is expected to open in September 2027. The resort could provide a significant long-term growth opportunity by establishing Wynn in a new regional gaming and luxury-hospitality market. Wynn UAE Resort Opening Date
• Neutral Sentiment: Analysts maintain a generally favorable view, with Wynn receiving a consensus “Moderate Buy” recommendation; however, the stock trades at a relatively high earnings multiple, leaving less room for disappointment. Wynn Analyst Recommendation
• Negative Sentiment: Concerns about China’s anti-graft campaign remain a risk for Wynn’s Macau operations, potentially pressuring high-end gaming demand and offsetting some of the quarter’s positive momentum. China Anti-Graft Drive and Wynn Macau

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WYNN. Weiss Ratings restated a “hold (c)” rating on shares of Wynn Resorts in a report on Wednesday, June 24th. Zacks Research cut shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Barclays reduced their target price on shares of Wynn Resorts from $139.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company decreased their target price on shares of Wynn Resorts from $142.00 to $141.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group set a $120.00 price target on shares of Wynn Resorts in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.44.

Institutional Trading of Wynn Resorts

Institutional investors have recently modified their holdings of the company. Palidye Holdings Caymans Ltd bought a new position in shares of Wynn Resorts in the 2nd quarter worth about $104,629,000. Zurich Insurance Group Ltd FI bought a new stake in Wynn Resorts during the third quarter worth about $110,213,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Wynn Resorts by 9.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock worth $442,890,000 after acquiring an additional 320,502 shares in the last quarter. Invesco Ltd. grew its holdings in Wynn Resorts by 14.2% in the fourth quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator’s stock worth $242,039,000 after purchasing an additional 249,704 shares during the period. Finally, Comerica Bank grew its holdings in Wynn Resorts by 820.1% in the third quarter. Comerica Bank now owns 225,616 shares of the casino operator’s stock worth $28,940,000 after purchasing an additional 201,096 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

About Wynn Resorts

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.