Economy

Wynn Resorts, Limited (WYNN) ended its day with the change of -0.14%

Wynn Resorts, Limited (WYNN) ended its day with the change of -0.14%”

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Wynn Resorts wasn't one of them! It also owned and operated Wynn Palace resort with a total of approximately 420,000 square feet of casino space that offers 304 table games and 996 slot machines, private gaming salons, sky casinos, and a poker pit; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; 10 food and beverage outlets; 105,000 square feet of retail space; 40,000 square feet of meeting and convention space; recreation and leisure facilities, including a gondola ride, health club, spa, salon, and pool; and public attractions, such as a performance lake and floral art displays. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Jefferies Group reaffirmed a "positive" rating and set a $220.00 price objective on shares of Wynn Resorts in a research report on Tuesday.

In Everett, Massachusetts the $2.4 billion Wynn Boston Harbor Resort located along the banks of the Mystic River and described by Wynn Resorts as "America's first five-star urban gaming resort", will reportedly open its doors in 2019. Wynn Resorts had 64 analyst reports since July 31, 2015 according to SRatingsIntel. This metric reflects the average amount a stock's price has differed from the mean over a period of time. The company now has an average rating of "Buy" and a consensus price target of $172.15.

Wynn Resorts (WYNN) traded up $5.63 during trading on Wednesday, hitting $200.58. The NYSE-listed company saw a recent bid of $20.73 on volume of 4.16 million shares. The company has a market cap of $20,620.00, a P/E ratio of 27.59 and a beta of 1.73. According to the most recent data, Wynn Resorts, Limited has a 52-week high of $195.84 and a 52-week low of $90.89. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72.

Wynn Resorts (NASDAQ:WYNN) reported Q4 2017 earnings this Afternoon, coming in at $1.40 per share, beating Wall Street's estimates of $1.33 per Share. The casino operator reported $1.40 EPS for the quarter, topping the Zacks' consensus estimate of $1.33 by $0.07, Bloomberg Earnings reports. Investors who are keeping close eye on the stock of Wynn Resorts, Limited (NASDAQ:WYNN) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 5.93 and sector's optimum level is 7.99. During the same quarter previous year, the company posted $0.50 earnings per share. During the same quarter a year ago, the company earned $0.50 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be given a dividend of $0.50 per share.

More news: Macquarie Infrastructure Corp (MIC) Receives Consensus Rating of "Hold" from Analysts

On 10/26/2017 announced a quarterly dividend of $0.50 1.4% with an ex dividend date of 11/15/2017 which will be payable on 11/16/2017. The earning yield also gives right direction to lure investment, as the co has 1.03% dividend yield. Wynn Resorts's dividend payout ratio (DPR) is presently 27.51%.

In other news, Director Alvin V. Shoemaker sold 15,000 shares of Wynn Resorts stock in a transaction that occurred on Wednesday, November 8th. $128.48's average target is -35.95% below currents $200.58 stock price. Following the completion of the sale, the director now directly owns 19,162 shares in the company, valued at approximately $2,907,641.88. The insider MADDOX MATT sold 42,900 shares worth $6.15M. The disclosure for this sale can be found here. The Beddow Capital Management Inc holds 24,529 shares with $3.65 million value, up from 22,450 last quarter.

Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors lifted its position in shares of Wynn Resorts by 83.9% during the 2nd quarter. Insiders own 13.20% of the company's stock. Public Employees Retirement System of OH increased its stake in shares of Wynn Resorts by 28.6% during the second quarter. Gotham Asset Management LLC purchased a new stake in shares of Wynn Resorts during the second quarter worth about $528,000. Thrivent Financial For Lutherans now owns 3,030 shares of the casino operator's stock valued at $406,000 after acquiring an additional 120 shares during the period.

COPYRIGHT VIOLATION WARNING: "Gateway Investment Advisers LLC Has $2.57 Million Stake in Wynn Resorts, Limited (WYNN)" was published by TrueBlueTribune and is owned by of TrueBlueTribune.



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