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 Price Performance

NASDAQ:WYNN traded down $0.41 during trading hours on Monday, hitting $68.33. 1,533,403 shares of the stock were exchanged, compared to its average volume of 3,208,607. Wynn Resorts has a 52-week low of $50.20 and a 52-week high of $107.44. The firm's fifty day moving average price is $60.36 and its 200 day moving average price is $70.74.

Wynn Resorts (NASDAQ:WYNN - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The casino operator reported ($0.82) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.94) by $0.12. The company had revenue of $908.83 million during the quarter, compared to analysts' expectations of $980.84 million. Wynn Resorts's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.12) earnings per share. On average, analysts expect that Wynn Resorts will post -3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WYNN. UBS Group set a $67.00 price target on Wynn Resorts in a research note on Monday, June 20th. Wells Fargo & Company cut their price target on 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 Wynn Resorts in a research note on Tuesday, June 28th. They issued an "equal weight" rating and a $62.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on Wynn Resorts from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, August 10th. Finally, Morgan Stanley cut their price target on 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $96.19.

Insider Activity

In other news, Director Patricia Mulroy sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $67.11, for a total value of $134,220.00. Following the completion of the sale, the director now directly owns 8,781 shares in the company, valued at $589,292.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.