Seaport Res Ptn Raises Earnings Estimates for Wynn Resorts

Wynn Resorts, Limited (NASDAQ:WYNN) – Equities research analysts at Seaport Res Ptn raised their FY2026 earnings estimates for shares of Wynn Resorts in a research note issued on Wednesday, October 1st. Seaport Res Ptn analyst V. Umansky now forecasts that the casino operator will post earnings of $5.76 per share for the year, up from their previous estimate of $5.39. The consensus estimate for Wynn Resorts’ current full-year earnings is $5.17 per share.

A number of other brokerages have also weighed in on WYNN. Argus raised Wynn Resorts from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Wednesday, September 3rd. Mizuho increased their price target on shares of Wynn Resorts from $122.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Stifel Nicolaus lifted their price objective on shares of Wynn Resorts from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Citigroup reiterated a “neutral” rating and issued a $114.00 price objective (up previously from $108.00) on shares of Wynn Resorts in a research note on Wednesday, July 9th. Finally, Morgan Stanley raised their target price on shares of Wynn Resorts from $113.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Fourteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $127.33.

Wynn Resorts Price Performance

Shares of WYNN stock opened at $133.34 on Thursday. The business has a fifty day moving average of $118.74 and a 200 day moving average of $99.21. Wynn Resorts has a 1 year low of $65.25 and a 1 year high of $134.23. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 6.72 and a beta of 1.31.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings data on Thursday, August 7th. The casino operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.11). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. Wynn Resorts had a negative return on equity of 56.78% and a net margin of 5.51%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share.

Hedge Funds Weigh In On Wynn Resorts

A number of large investors have recently added to or reduced their stakes in the stock. Private Wealth Partners LLC grew its position in shares of Wynn Resorts by 3.1% in the second quarter. Private Wealth Partners LLC now owns 3,360 shares of the casino operator’s stock valued at $315,000 after purchasing an additional 100 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Wynn Resorts by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,356 shares of the casino operator’s stock worth $1,167,000 after buying an additional 127 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Wynn Resorts by 1.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,057 shares of the casino operator’s stock worth $589,000 after buying an additional 132 shares in the last quarter. Navalign LLC raised its holdings in shares of Wynn Resorts by 1.8% during the first quarter. Navalign LLC now owns 8,252 shares of the casino operator’s stock valued at $689,000 after acquiring an additional 144 shares during the last quarter. Finally, Grassi Investment Management raised its holdings in shares of Wynn Resorts by 4.2% during the first quarter. Grassi Investment Management now owns 3,690 shares of the casino operator’s stock valued at $308,000 after acquiring an additional 150 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Wynn Resorts

In other Wynn Resorts news, Director Patricia Mulroy sold 4,438 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $125.00, for a total value of $554,750.00. Following the sale, the director directly owned 3,066 shares of the company’s stock, valued at approximately $383,250. This trade represents a 59.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Wynn Resorts’s dividend payout ratio (DPR) is 30.03%.

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.