Wynn Resorts (WYNN) to Release Quarterly Earnings on Thursday

Wynn Resorts (NASDAQ:WYNN) is expected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Wynn Resorts to post earnings of $1.27 per share and revenue of $1.78 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 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 for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $0.99 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. 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 Trading Down 1.8 %

NASDAQ:WYNN opened at $81.66 on Thursday. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 2.50 and a beta of 1.76. The stock has a 50-day moving average price of $87.55 and a two-hundred day moving average price of $86.93. Wynn Resorts has a 1 year low of $71.63 and a 1 year high of $110.38.

Analysts Set New Price Targets

A number of research firms recently issued reports on WYNN. Wells Fargo & Company lowered their target price on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Susquehanna upped their target price on shares of Wynn Resorts from $92.00 to $122.00 and gave the stock a “positive” rating in a research note on Friday, October 11th. Barclays dropped their price target on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Three equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.23.

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.