Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Wynn Resorts (WYNN) Stock Price
Media headlines about Wynn Resorts (NASDAQ:WYNN) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wynn Resorts earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the casino operator an impact score of 46.5093280947776 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Wynn Resorts (NASDAQ WYNN) traded up $0.62 during mid-day trading on Friday, reaching $159.54. The company had a trading volume of 1,061,177 shares, compared to its average volume of 1,153,771. Wynn Resorts has a fifty-two week low of $85.57 and a fifty-two week high of $160.97. The company has a market capitalization of $16,397.84, a PE ratio of 35.93 and a beta of 1.73. The company has a debt-to-equity ratio of 24.54, a current ratio of 1.72 and a quick ratio of 1.68.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.56 billion. Wynn Resorts had a return on equity of 132.96% and a net margin of 6.24%. Wynn Resorts’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. sell-side analysts expect that Wynn Resorts will post 5.34 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Thursday, November 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is presently 55.25%.
A number of analysts have recently issued reports on the company. Deutsche Bank reiterated a “buy” rating and set a $167.00 target price on shares of Wynn Resorts in a report on Tuesday, November 21st. Telsey Advisory Group restated a “market perform” rating and issued a $157.00 price target (up previously from $150.00) on shares of Wynn Resorts in a report on Monday, October 2nd. TheStreet cut Wynn Resorts from a “b-” rating to a “c+” rating in a report on Friday, October 13th. Stifel Nicolaus upped their price target on Wynn Resorts from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Barclays upped their price target on Wynn Resorts from $148.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $148.49.
In related news, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at approximately $32,090,883.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $143.44, for a total value of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. Insiders have sold a total of 159,406 shares of company stock valued at $23,864,344 over the last ninety days. Company insiders own 13.20% of the company’s stock.
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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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