Q4 EPS Estimates for Wynn Resorts Cut by Seaport Res Ptn

Wynn Resorts, Limited (NASDAQ:WYNN) – Stock analysts at Seaport Res Ptn decreased their Q4 2024 earnings estimates for Wynn Resorts in a research report issued to clients and investors on Sunday, January 26th. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will earn $1.33 per share for the quarter, down from their prior estimate 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.

Other equities analysts also recently issued reports about the stock. Barclays reduced their price objective on shares of Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley raised their price target on shares of Wynn Resorts from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group decreased their price objective on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Susquehanna boosted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $84.33 on Wednesday. Wynn Resorts has a one year low of $71.63 and a one year high of $110.38. The stock has a fifty day moving average price of $88.40 and a 200 day moving average price of $86.93. The stock has a market cap of $9.26 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77.

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

Institutional Investors Weigh In On Wynn Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in Wynn Resorts in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Wynn Resorts in the 3rd quarter valued at about $31,000. Spire Wealth Management grew its position in shares of 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 during the period. Blue Trust Inc. raised its stake in shares of Wynn Resorts by 556.0% during the third quarter. Blue Trust Inc. now owns 551 shares of the casino operator’s stock worth $49,000 after buying an additional 467 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Wynn Resorts by 17.5% during the third quarter. Allworth Financial LP now owns 895 shares of the casino operator’s stock worth $86,000 after buying an additional 133 shares during the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.

Wynn Resorts Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, November 15th. Wynn Resorts’s dividend payout ratio is 12.33%.

About Wynn Resorts

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.