Wynn Resorts, Limited (WYNN) Given Consensus Rating of “Buy” by Analysts
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been assigned a consensus rating of “Buy” from the twenty-seven analysts that are covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $179.67.
WYNN has been the topic of a number of research reports. TheStreet upgraded shares of Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Roth Capital boosted their target price on shares of Wynn Resorts from $167.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Gabelli restated a “buy” rating and set a $230.00 price target on shares of Wynn Resorts in a report on Tuesday, January 23rd. Citigroup set a $228.00 price target on shares of Wynn Resorts and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Personal Financial Services grew its position in Wynn Resorts by 102.9% during the third quarter. First Personal Financial Services now owns 710 shares of the casino operator’s stock valued at $106,000 after purchasing an additional 360 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $171,000. Calton & Associates Inc. purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $178,000. IBM Retirement Fund purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $201,000. Finally, FDx Advisors Inc. purchased a new position in Wynn Resorts during the fourth quarter valued at approximately $203,000. 72.80% of the stock is currently owned by hedge funds and other institutional investors.
Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Monday, January 22nd. The casino operator reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. analysts predict that Wynn Resorts will post 7.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Thursday, February 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 14th. Wynn Resorts’s payout ratio is presently 50.38%.
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.
Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter.