1 week Ago By Defense World Staff
Wynn Resorts ( NASDAQ:WYNN – Free Report ) had its price objective decreased by Jefferies Financial Group from $109.00 to $105.00 in a research note published on Friday morning, Benzinga reports.
Jefferies Financial Group currently has a hold rating on the casino operator’s stock. Several other research analysts have also recently weighed in on the company. Macquarie reissued an “outperform” rating and issued a $120.
00 price objective on shares of Wynn Resorts in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Wynn Resorts from $101.
00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on shares of Wynn Resorts from $125.
00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. StockNews.
com cut shares of Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Barclays reduced their target price on shares of Wynn Resorts from $125.00 to $119.
00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.36. Check Out Our Latest Stock Analysis on WYNN Wynn Resorts Price Performance Wynn Resorts ( NASDAQ:WYNN – Get Free Report ) last posted 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 net margin of 13.37% and a negative return on equity of 61.
16%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.
73 billion. During the same quarter last year, the business posted $0.99 EPS.
The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Wynn Resorts will post 4.
79 earnings per share for the current fiscal year. Wynn Resorts Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.
25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.
00 dividend on an annualized basis and a yield of 1.20%. Wynn Resorts’s dividend payout ratio (DPR) is 12.
33%. Hedge Funds Weigh In On Wynn Resorts Large investors have recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in Wynn Resorts by 70.
7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock worth $380,821,000 after purchasing an additional 1,644,965 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Wynn Resorts by 1.
5% in the third quarter. Geode Capital Management LLC now owns 2,406,260 shares of the casino operator’s stock worth $229,945,000 after buying an additional 34,907 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Wynn Resorts by 29.
1% during the second quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after buying an additional 303,033 shares during the period. Regal Partners Ltd boosted its stake in Wynn Resorts by 24.
0% during the third quarter. Regal Partners Ltd now owns 898,705 shares of the casino operator’s stock valued at $86,168,000 after buying an additional 174,005 shares during the period. Finally, Holocene Advisors LP grew its position in Wynn Resorts by 27,868.
5% during the third quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock worth $72,672,000 after buying an additional 755,236 shares in the last quarter. 88.
64% of the stock is currently owned by institutional investors. Wynn Resorts Company Profile ( Get Free Report ) 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. Featured Articles Five stocks we like better than Wynn Resorts How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Insiders Are Selling, But These 3 Stocks Are Must-Buys What is the NASDAQ Stock Exchange? Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge Do ETFs Pay Dividends? What You Need to Know Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’ Receive News & Ratings for Wynn Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wynn Resorts and related companies with MarketBeat.com's FREE daily email newsletter .
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