Wynn Resorts - WYNN Stock Forecast, Price & News

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.

Wynn Resorts Trading Up 2.9 %

NASDAQ:WYNN traded up $1.87 during trading hours on Thursday, reaching $67.22. 57,535 shares of the company were exchanged, compared to its average volume of 2,164,652. The stock's 50-day moving average is $60.27 and its 200-day moving average is $71.09. The firm has a market cap of $7.79 billion, a PE ratio of -11.42 and a beta of 2.15. Wynn Resorts has a twelve month low of $50.20 and a twelve month high of $107.44.

Wynn Resorts (NASDAQ:WYNN - Get Rating) last released its earnings results on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.12. The business had revenue of $908.83 million for the quarter, compared to analysts' expectations of $980.84 million. During the same period in the previous year, the company earned ($1.12) EPS. Wynn Resorts's quarterly revenue was down 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Wynn Resorts will post -3.58 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on WYNN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Wynn Resorts from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group set a $67.00 price objective on shares of Wynn Resorts in a research note on Monday, June 20th. Wells Fargo & Company decreased their price objective on shares of Wynn Resorts from $79.00 to $77.00 and set an "equal weight" rating for the company in a research note on Thursday. Barclays began coverage on shares of Wynn Resorts in a research note on Tuesday, June 28th. They set an "equal weight" rating and a $62.00 price objective for the company. Finally, Citigroup decreased their price objective on shares of Wynn Resorts from $92.00 to $87.50 and set a "buy" rating for the company in a research note on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $96.19.

Insiders Place Their Bets

In other news, Director Patricia Mulroy sold 2,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $67.11, for a total transaction of $134,220.00. Following the sale, the director now owns 8,781 shares of the company's stock, valued at $589,292.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.