Seaport Res Ptn Reduces Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN) – Equities research analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for shares of Wynn Resorts in a research report issued on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will post earnings per share of $1.33 for the quarter, down from their prior forecast of $1.52. The consensus estimate for Wynn Resorts’ current full-year earnings is $4.75 per share. Seaport Res Ptn also issued estimates for Wynn Resorts’ FY2025 earnings at $4.82 EPS and FY2026 earnings at $8.98 EPS.

Wynn Resorts (NASDAQ:WYNN) last posted 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 business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share.

Several other equities research analysts have also recently weighed in on WYNN. Barclays reduced their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Wynn Resorts from $101.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Wynn Resorts in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $117.23.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $89.60 on Wednesday. The company’s fifty day moving average is $88.21 and its two-hundred day moving average is $86.93. Wynn Resorts has a 52-week low of $71.63 and a 52-week high of $110.38. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 2.52 and a beta of 1.77.

Institutional Investors Weigh In On Wynn Resorts

Large investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in Wynn Resorts in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Wynn Resorts in the third quarter valued at about $31,000. Spire Wealth Management lifted its position in Wynn Resorts by 116.4% during the 4th quarter. Spire Wealth Management now owns 435 shares of the casino operator’s stock worth $37,000 after buying an additional 234 shares in the last quarter. Blue Trust Inc. grew its holdings in Wynn Resorts by 556.0% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after acquiring an additional 467 shares during the last quarter. Finally, Allworth Financial LP increased its position in Wynn Resorts by 17.5% in the 3rd quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock valued at $86,000 after acquiring an additional 133 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, November 15th. Wynn Resorts’s dividend payout ratio (DPR) is currently 12.33%.

Wynn Resorts Company Profile

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.