Seaport Res Ptn Expects Reduced Earnings for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Analysts at Seaport Res Ptn dropped their FY2026 earnings per share estimates for shares of Wynn Resorts in a research note issued to investors on Tuesday, April 22nd. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will post earnings of $6.00 per share for the year, down from their previous estimate of $6.40. The consensus estimate for Wynn Resorts' current full-year earnings is $5.17 per share. Seaport Res Ptn also issued estimates for Wynn Resorts' FY2027 earnings at $6.47 EPS.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.78 billion.

A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Barclays cut their target price on Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus increased their price target on Wynn Resorts from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group raised Wynn Resorts from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, Argus downgraded shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Three investment 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $118.17.

Wynn Resorts Price Performance

WYNN traded down $0.13 on Wednesday, hitting $81.98. 656,265 shares of the stock were exchanged, compared to its average volume of 2,481,946. Wynn Resorts has a 12 month low of $65.25 and a 12 month high of $107.81. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.35 and a beta of 1.53. The business has a 50-day moving average of $82.06 and a two-hundred day moving average of $86.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Wynn Resorts during the 4th quarter valued at about $117,352,000. Jericho Capital Asset Management L.P. purchased a new stake in Wynn Resorts in the fourth quarter worth approximately $101,375,000. Raymond James Financial Inc. bought a new position in shares of Wynn Resorts during the 4th quarter valued at $75,872,000. DAVENPORT & Co LLC bought a new stake in shares of Wynn Resorts in the first quarter worth $49,476,000. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Wynn Resorts by 18.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,125,668 shares of the casino operator's stock worth $269,308,000 after purchasing an additional 485,204 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.

Insider Activity at Wynn Resorts

In other Wynn Resorts news, major shareholder Tilman J. Fertitta bought 11,475 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $84.93 per share, with a total value of $974,571.75. Following the completion of the purchase, the insider now directly owns 12,600,000 shares of the company's stock, valued at $1,070,118,000. This trade represents a 0.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now owns 34,195 shares in the company, valued at approximately $3,152,095.10. This trade represents a 185.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 438,700 shares of company stock valued at $31,300,943 over the last three months. 0.52% of the stock is owned by corporate insiders.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts's payout ratio is 23.75%.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.