Seaport Res Ptn Lowers Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN) – Equities research analysts at Seaport Res Ptn reduced their FY2026 EPS estimates for Wynn Resorts in a research note issued to investors on Tuesday, April 22nd. Seaport Res Ptn analyst V. Umansky now anticipates that the casino operator will post earnings per share of $6.00 for the year, down from their previous estimate of $6.40. The consensus estimate for Wynn Resorts’ current full-year earnings is $5.17 per share. Seaport Res Ptn also issued estimates for Wynn Resorts’ FY2027 earnings at $6.47 EPS.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $1.15. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Wynn Resorts had a negative return on equity of 71.17% and a net margin of 7.03%.

Several other equities research analysts have also commented on WYNN. Macquarie restated an “outperform” rating and issued a $115.00 price objective on shares of Wynn Resorts in a research note on Friday, February 14th. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Barclays lowered their target price on shares of Wynn Resorts from $116.00 to $99.00 and set an “overweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group raised Wynn Resorts from a “hold” rating to a “buy” rating and lifted their target price for the company from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, Argus downgraded Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $118.17.

Wynn Resorts Stock Up 2.8 %

Shares of NASDAQ:WYNN opened at $79.12 on Wednesday. The firm’s 50 day moving average price is $82.39 and its 200-day moving average price is $87.43. The stock has a market capitalization of $8.40 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. Wynn Resorts has a twelve month low of $65.25 and a twelve month high of $107.81.

Hedge Funds Weigh In On Wynn Resorts

A number of large investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new stake in shares of Wynn Resorts during the fourth quarter worth $26,000. Global X Japan Co. Ltd. grew its stake in Wynn Resorts by 120.7% in the 1st quarter. Global X Japan Co. Ltd. now owns 320 shares of the casino operator’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Wynn Resorts during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Wynn Resorts in the fourth quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Wynn Resorts by 3,408.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 421 shares of the casino operator’s stock worth $35,000 after purchasing an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Insider Transactions at Wynn Resorts

In other news, major shareholder Tilman J. Fertitta purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $67.62 per share, with a total value of $6,762,000.00. Following the purchase, the insider now owns 13,000,000 shares in the company, valued at approximately $879,060,000. This trade represents a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip G. Satre acquired 22,200 shares of Wynn Resorts stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares in the company, valued at $3,152,095.10. This trade represents a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 438,700 shares of company stock worth $31,300,943. 0.52% of the stock is currently owned by company insiders.

Wynn Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s payout ratio is 23.75%.

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.