Wynn Resorts (WYNN) Scheduled to Post Quarterly Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN - Get Free Report) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.76. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts's revenue was up 83.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.23) earnings per share. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wynn Resorts Stock Performance

WYNN stock traded up $1.08 during midday trading on Wednesday, hitting $92.73. 1,843,768 shares of the stock were exchanged, compared to its average volume of 1,783,962. The stock's 50-day moving average price is $101.08 and its 200-day moving average price is $95.13. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 15.54 and a beta of 1.93. Wynn Resorts has a fifty-two week low of $81.65 and a fifty-two week high of $115.24.

Wynn Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 1.08%. Wynn Resorts's dividend payout ratio is presently 16.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WYNN. Macquarie lifted their price objective on Wynn Resorts from $122.00 to $128.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. Bank Of America (Bofa) boosted their price target on Wynn Resorts from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 17th. Morgan Stanley boosted their price target on Wynn Resorts from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price target on Wynn Resorts from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company boosted their price target on Wynn Resorts from $122.00 to $124.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.43.

Insider Buying and Selling

In related news, CEO Craig Scott Billings sold 19,235 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the transaction, the chief executive officer now directly owns 307,904 shares in the company, valued at $33,253,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Wynn Resorts news, CEO Craig Scott Billings sold 19,235 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $108.00, for a total transaction of $2,077,380.00. Following the completion of the sale, the chief executive officer now directly owns 307,904 shares in the company, valued at $33,253,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Julie Cameron-Doe sold 6,383 shares of the company's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $105.27, for a total value of $671,938.41. Following the sale, the chief financial officer now owns 78,150 shares of the company's stock, valued at $8,226,850.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,578 shares of company stock worth $2,850,282. 0.52% of the stock is owned by company insiders.

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.