Wynn Resorts (WYNN) to Release Earnings on Tuesday

Wynn Resorts (NASDAQ:WYNN - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $1.26 per share and revenue of $1.74 billion for the quarter.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $1.15. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock traded up $2.45 on Friday, hitting $82.49. 1,597,195 shares of the company traded hands, compared to its average volume of 2,484,419. The business has a 50-day simple moving average of $81.04 and a 200 day simple moving average of $86.27. Wynn Resorts has a 52 week low of $65.25 and a 52 week high of $107.81. The stock has a market capitalization of $8.76 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date was Monday, February 24th. Wynn Resorts's payout ratio is currently 23.75%.

Insider Buying and Selling at Wynn Resorts

In other news, Director Philip G. Satre acquired 22,200 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tilman J. Fertitta bought 100,000 shares of the stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $67.62 per share, with a total value of $6,762,000.00. Following the completion of the acquisition, the insider now directly owns 13,000,000 shares in the company, valued at approximately $879,060,000. This trade represents a 0.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 438,700 shares of company stock worth $31,300,943 over the last 90 days. Company insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WYNN shares. StockNews.com cut Wynn Resorts from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Stifel Nicolaus lifted their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Macquarie reiterated an "outperform" rating and set a $115.00 target price on shares of Wynn Resorts in a research report on Friday, February 14th. Mizuho raised their target price on shares of Wynn Resorts from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Finally, Morgan Stanley decreased their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Three 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 company's stock. According to data from MarketBeat.com, Wynn Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.17.

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.