Other equities research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on Wynn Resorts from $210.00 to $193.00 and set a buy rating on the stock in a research report on Tuesday, January 30th. Deutsche Bank reaffirmed a buy rating and issued a $199.00 price target on shares of Wynn Resorts in a research report on Monday, January 29th. Roth Capital raised their price target on Wynn Resorts from $167.00 to $210.00 and gave the company a buy rating in a research report on Tuesday, January 23rd. Gabelli reissued a buy rating and set a $230.00 target price on shares of Wynn Resorts in a research report on Tuesday, January 23rd. Finally, Citigroup set a $228.00 target price on Wynn Resorts and gave the stock a buy rating in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Wynn Resorts has a consensus rating of Buy and a consensus price target of $190.03.
Shares of NASDAQ:WYNN opened at $190.65 on Tuesday. The stock has a market capitalization of $18,961.31, a PE ratio of 34.92 and a beta of 1.40. Wynn Resorts has a 52-week low of $113.82 and a 52-week high of $203.63. The company has a debt-to-equity ratio of 8.87, a quick ratio of 1.74 and a current ratio of 1.77.
Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a return on equity of 100.14% and a net margin of 11.85%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. sell-side analysts predict that Wynn Resorts will post 7.77 earnings per share for the current year.
In other Wynn Resorts news, major shareholder Stephen A. Wynn sold 4,104,999 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $738,899,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WYNN. Mckinley Capital Management LLC Delaware bought a new position in Wynn Resorts during the fourth quarter worth about $171,000. Calton & Associates Inc. bought a new position in Wynn Resorts during the fourth quarter worth about $178,000. IBM Retirement Fund bought a new position in Wynn Resorts during the fourth quarter worth about $201,000. FDx Advisors Inc. bought a new position in Wynn Resorts during the fourth quarter worth about $203,000. Finally, Segment Wealth Management LLC bought a new position in Wynn Resorts during the fourth quarter worth about $217,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.
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Wynn Resorts Company Profile
Wynn Resorts, Limited develops, owns, and operates destination casino resorts. As of February 15, 2018, the company's Wynn Macau segment had approximately 273,000 square feet of casino space, which offered 316 table games and 988 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; 8 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities comprising 2 health clubs, spas, a salon, and a pool; and a rotunda show, a Chinese zodiac-inspired ceiling.
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