Seaport Res Ptn Cuts Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Seaport Res Ptn lowered their Q2 2025 earnings estimates for Wynn Resorts in a note issued to investors on Wednesday, May 7th. Seaport Res Ptn analyst V. Umansky now forecasts that the casino operator will earn $1.34 per share for the quarter, down from their prior estimate of $1.38. The consensus estimate for Wynn Resorts' current full-year earnings is $5.17 per share. Seaport Res Ptn also issued estimates for Wynn Resorts' FY2025 earnings at $4.78 EPS.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The casino operator reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.17). Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm's revenue was down 8.7% on a year-over-year basis.

WYNN has been the topic of several other reports. Stifel Nicolaus set a $113.00 target price on shares of Wynn Resorts in a report on Wednesday. Barclays dropped their target price on shares of Wynn Resorts from $116.00 to $99.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho dropped their target price on shares of Wynn Resorts from $132.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday. Morgan Stanley decreased their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wynn Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $112.92.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock opened at $87.93 on Monday. Wynn Resorts has a 1 year low of $65.25 and a 1 year high of $107.81. The firm's 50-day moving average is $80.65 and its two-hundred day moving average is $85.71. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.35 and a beta of 1.33.

Hedge Funds Weigh In On Wynn Resorts

Institutional investors have recently bought and sold shares of the business. State of Tennessee Department of Treasury raised its position in Wynn Resorts by 73.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,791 shares of the casino operator's stock worth $2,050,000 after buying an additional 10,041 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Wynn Resorts by 190.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,798 shares of the casino operator's stock worth $1,706,000 after buying an additional 12,993 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Wynn Resorts during the 4th quarter worth approximately $2,296,000. Brandywine Global Investment Management LLC purchased a new position in Wynn Resorts during the 4th quarter worth approximately $5,216,000. Finally, Alliancebernstein L.P. raised its position in Wynn Resorts by 12.4% during the 4th quarter. Alliancebernstein L.P. now owns 122,760 shares of the casino operator's stock worth $10,577,000 after buying an additional 13,553 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Wynn Resorts

In related news, major shareholder Tilman J. Fertitta acquired 5,025 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, with a total value of $406,974.75. Following the transaction, the insider now directly owns 10,905,025 shares of the company's stock, valued at $883,197,974.75. This trade represents a 0.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Philip G. Satre purchased 22,200 shares of Wynn Resorts stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. The trade was a 185.08% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 438,700 shares of company stock valued at $31,300,943 in the last three months. 0.52% of the stock is owned by insiders.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, May 16th. Wynn Resorts's payout ratio is currently 27.78%.

Wynn Resorts Company Profile

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.

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