Brokerages Anticipate Wynn Resorts, Limited (WYNN) Will Post Quarterly Sales of $1.63 Billion
Brokerages expect Wynn Resorts, Limited (NASDAQ:WYNN) to report sales of $1.63 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Wynn Resorts’ earnings, with estimates ranging from $1.58 billion to $1.67 billion. Wynn Resorts posted sales of $1.72 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 5.2%. The company is scheduled to report its next earnings report on Tuesday, April 23rd.
On average, analysts expect that Wynn Resorts will report full-year sales of $6.84 billion for the current fiscal year, with estimates ranging from $6.67 billion to $7.01 billion. For the next financial year, analysts expect that the company will post sales of $7.54 billion, with estimates ranging from $7.25 billion to $7.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Wynn Resorts.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.30). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.63 billion. Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share.
In other news, CEO Matt Maddox sold 18,900 shares of Wynn Resorts stock in a transaction on Monday, February 4th. The stock was sold at an average price of $124.15, for a total value of $2,346,435.00. Following the completion of the transaction, the chief executive officer now directly owns 487,399 shares in the company, valued at $60,510,585.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.95% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in WYNN. Parallel Advisors LLC grew its position in Wynn Resorts by 84.2% during the fourth quarter. Parallel Advisors LLC now owns 256 shares of the casino operator’s stock worth $25,000 after buying an additional 117 shares in the last quarter. JOYN Advisors Inc. grew its position in Wynn Resorts by 1,680.0% during the fourth quarter. JOYN Advisors Inc. now owns 267 shares of the casino operator’s stock worth $26,000 after buying an additional 252 shares in the last quarter. AdvisorNet Financial Inc grew its position in Wynn Resorts by 47.1% during the fourth quarter. AdvisorNet Financial Inc now owns 456 shares of the casino operator’s stock worth $45,000 after buying an additional 146 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in Wynn Resorts by 42.9% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 500 shares of the casino operator’s stock worth $49,000 after buying an additional 150 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in Wynn Resorts during the fourth quarter worth about $63,000. Institutional investors own 73.86% of the company’s stock.
Shares of WYNN traded down $1.35 during mid-day trading on Friday, hitting $115.64. The stock had a trading volume of 1,514,055 shares, compared to its average volume of 2,195,563. The firm has a market cap of $12.59 billion, a PE ratio of 17.68, a PEG ratio of 1.90 and a beta of 1.70. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.40 and a quick ratio of 1.37. Wynn Resorts has a 52 week low of $90.06 and a 52 week high of $202.48.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Friday, February 15th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 14th. Wynn Resorts’s dividend payout ratio (DPR) is presently 45.87%.
About Wynn Resorts
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.
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