Equities analysts predict that Wynn Resorts, Limited (NASDAQ:WYNN) will announce earnings of $1.25 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Wynn Resorts, Limited’s earnings, with the lowest EPS estimate coming in at $1.20 and the highest estimate coming in at $1.36. Wynn Resorts, Limited posted earnings of $0.75 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Wynn Resorts, Limited will report full year earnings of $4.98 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $5.15. For the next year, analysts anticipate that the business will post earnings of $5.87 per share, with EPS estimates ranging from $5.55 to $6.31. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Wynn Resorts, Limited.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s revenue was up 44.5% on a year-over-year basis.

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $134.00 price objective (up previously from $128.00) on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. Instinet reiterated a “neutral” rating and issued a $137.00 price objective (up previously from $130.00) on shares of Wynn Resorts, Limited in a report on Monday, June 19th. BidaskClub downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation reiterated a “neutral” rating and issued a $140.00 price objective (up previously from $135.00) on shares of Wynn Resorts, Limited in a report on Friday, July 21st. Finally, UBS AG downgraded Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wynn Resorts, Limited currently has an average rating of “Hold” and an average target price of $134.28.

In other Wynn Resorts, Limited news, President Matt Maddox sold 42,900 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the sale, the president now directly owns 350,586 shares of the company’s stock, valued at approximately $50,288,055.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of Wynn Resorts, Limited stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now directly owns 7,711 shares in the company, valued at $994,719. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,351 shares of company stock worth $9,621,369. Insiders own 13.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Davidson Kempner Capital Management LP boosted its position in shares of Wynn Resorts, Limited by 41.7% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 212,500 shares of the casino operator’s stock worth $28,498,000 after purchasing an additional 62,500 shares in the last quarter. W. E. Donoghue & Co. LLC bought a new stake in shares of Wynn Resorts, Limited in the 2nd quarter worth approximately $2,318,000. Lord Abbett & CO. LLC boosted its position in shares of Wynn Resorts, Limited by 107.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 525,254 shares of the casino operator’s stock worth $70,447,000 after purchasing an additional 271,575 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of Wynn Resorts, Limited in the 2nd quarter worth approximately $3,431,000. Finally, Sentry Investment Management LLC boosted its position in shares of Wynn Resorts, Limited by 4.2% in the 2nd quarter. Sentry Investment Management LLC now owns 5,940 shares of the casino operator’s stock worth $797,000 after purchasing an additional 237 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wynn Resorts, Limited (NASDAQ:WYNN) traded down 0.01% during midday trading on Friday, hitting $146.96. The company’s stock had a trading volume of 1,719,145 shares. The company has a market cap of $14.98 billion, a PE ratio of 55.00 and a beta of 1.67. The stock has a 50 day moving average of $142.07 and a 200 day moving average of $130.29. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $150.40.

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Wynn Resorts, Limited 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, Limited (NASDAQ:WYNN)

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