Wynn Resorts (WYNN) Projected to Post Quarterly Earnings on Wednesday

Wynn Resorts (NASDAQ:WYNN - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Wynn Resorts to post earnings of $1.29 per share and revenue of $1.78 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). The firm had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. 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

NASDAQ WYNN traded down $2.75 during trading hours on Friday, reaching $86.85. The company's stock had a trading volume of 3,613,300 shares, compared to its average volume of 2,045,634. The stock has a market cap of $9.54 billion, a PE ratio of 10.71, a PEG ratio of 2.42 and a beta of 1.77. The company's 50-day moving average is $88.12 and its two-hundred day moving average is $86.95. Wynn Resorts has a fifty-two week low of $71.63 and a fifty-two week high of $110.38.

Wynn Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Wynn Resorts's dividend payout ratio (DPR) is 12.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WYNN. JPMorgan Chase & Co. boosted their price objective on shares of Wynn Resorts from $101.00 to $113.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Susquehanna boosted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a "positive" rating in a report on Friday, October 11th. Macquarie restated an "outperform" rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Wells Fargo & Company dropped their target price on Wynn Resorts from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group decreased their price target on Wynn Resorts from $109.00 to $105.00 and set a "hold" rating on the stock in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $117.23.

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.