Seaport Res Ptn Expects Reduced Earnings for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for Wynn Resorts in a report released on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now expects that the casino operator will post earnings of $3.46 per share for the year, down from their previous forecast of $3.73. The consensus estimate for Wynn Resorts’ current full-year earnings is $4.75 per share. Seaport Res Ptn also issued estimates for Wynn Resorts’ Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.22 EPS and FY2027 earnings at $9.78 EPS.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year.

WYNN has been the topic of several other research reports. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Jefferies Financial Group decreased their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Barclays cut their target price on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Susquehanna upped their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Stock Down 0.3 %

Shares of Wynn Resorts stock opened at $84.77 on Tuesday. Wynn Resorts has a 12-month low of $71.63 and a 12-month high of $110.38. The firm has a market capitalization of $9.31 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77. The stock’s fifty day moving average is $88.54 and its 200-day moving average is $86.94.

Institutional Trading of Wynn Resorts

Several large investors have recently made changes to their positions in WYNN. Fisher Asset Management LLC grew its stake in Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after buying an additional 1,644,965 shares during the last quarter. Holocene Advisors LP grew its position in shares of Wynn Resorts by 27,868.5% in the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after purchasing an additional 755,236 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Wynn Resorts in the third quarter valued at about $58,486,000. Weiss Asset Management LP bought a new position in shares of Wynn Resorts in the third quarter worth about $19,753,000. Finally, Regal Partners Ltd boosted its stake in Wynn Resorts by 24.0% during the 3rd quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after purchasing an additional 174,005 shares during the period. Institutional investors own 88.64% of the company’s stock.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.18%. 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.