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 Down 0.6 %

WYNN traded down $0.39 during trading hours on Friday, hitting $66.71. 1,789,554 shares of the company's stock were exchanged, compared to its average volume of 2,635,907. Wynn Resorts has a 12-month low of $50.20 and a 12-month high of $107.44. The firm has a 50 day moving average of $60.25 and a 200 day moving average of $71.42. The firm has a market cap of $7.74 billion, a P/E ratio of -11.64 and a beta of 2.15.

Wynn Resorts (NASDAQ:WYNN - Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The casino operator reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($1.15) by ($0.06). The company had revenue of $953.40 million for the quarter, compared to analysts' expectations of $986.35 million. During the same period in the prior year, the company posted ($2.41) EPS. Wynn Resorts's revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, research analysts expect that Wynn Resorts will post -3.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Wynn Resorts from $123.00 to $92.00 in a report on Wednesday, May 11th. Barclays initiated coverage on Wynn Resorts in a research report on Tuesday, June 28th. They issued an "equal weight" rating and a $62.00 price target on the stock. UBS Group set a $67.00 price objective on Wynn Resorts in a research report on Monday, June 20th. Citigroup decreased their target price 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. Finally, Morgan Stanley decreased their target price on shares of Wynn Resorts from $123.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $96.88.