Wynn Resorts (WYNN) Expected to Announce Quarterly Earnings on Wednesday

Wynn Resorts (NASDAQ:WYNN) is projected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Wynn Resorts to post earnings of $1.29 per share and revenue of $1.78 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last issued 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). 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 company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wynn Resorts Stock Down 3.8 %

NASDAQ:WYNN opened at $83.56 on Tuesday. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The stock’s 50-day simple moving average is $87.93 and its 200 day simple moving average is $86.97. The firm has a market capitalization of $9.18 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.76.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WYNN shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Susquehanna increased their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a research report on Friday, October 11th. Barclays decreased their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group reduced their price objective on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

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.