Nomura reissued their buy rating on shares of Wynn Resorts (NASDAQ:WYNN) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a $145.00 target price on the casino operator’s stock, up from their prior target price of $132.00.
A number of other research analysts have also recently issued reports on the company. Morgan Stanley reissued an equal weight rating and issued a $122.00 target price (up from $121.00) on shares of Wynn Resorts in a research note on Thursday. Roth Capital reissued a buy rating and issued a $135.00 target price (down from $140.00) on shares of Wynn Resorts in a research note on Thursday. Telsey Advisory Group reissued a market perform rating and issued a $125.00 target price (up from $105.00) on shares of Wynn Resorts in a research note on Thursday. Deutsche Bank reissued a buy rating and issued a $130.00 target price on shares of Wynn Resorts in a research note on Wednesday, January 30th. Finally, BidaskClub raised Wynn Resorts from a hold rating to a buy rating in a research note on Wednesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $148.50.
NASDAQ:WYNN opened at $126.07 on Thursday. Wynn Resorts has a 1 year low of $90.06 and a 1 year high of $202.48. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.00 and a beta of 1.73.
Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.30). Wynn Resorts had a net margin of 8.70% and a return on equity of 50.79%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Wynn Resorts will post 6.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Friday, February 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.38%. Wynn Resorts’s dividend payout ratio (DPR) is 45.87%.
In other news, Director Philip G. Satre purchased 9,800 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were bought at an average cost of $103.01 per share, for a total transaction of $1,009,498.00. Following the completion of the acquisition, the director now directly owns 100 shares in the company, valued at approximately $10,301. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.95% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Sterling Investment Advisors Ltd. lifted its holdings in shares of Wynn Resorts by 87.5% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 750 shares of the casino operator’s stock valued at $74,000 after purchasing an additional 350 shares in the last quarter. Ayalon Holdings Ltd. bought a new stake in Wynn Resorts during the fourth quarter worth about $80,000. North Star Investment Management Corp. raised its holdings in Wynn Resorts by 118.6% during the third quarter. North Star Investment Management Corp. now owns 1,600 shares of the casino operator’s stock worth $203,000 after acquiring an additional 868 shares in the last quarter. Financial Architects Inc raised its holdings in Wynn Resorts by 52.1% during the third quarter. Financial Architects Inc now owns 1,635 shares of the casino operator’s stock worth $207,000 after acquiring an additional 560 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Wynn Resorts during the fourth quarter worth about $221,000. Institutional investors own 75.12% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited 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 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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