News coverage about Wynn Resorts (NASDAQ:WYNN) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wynn Resorts earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the casino operator an impact score of 45.1080518928417 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Wynn Resorts Paying $336M For 38 Acres Of Las Vegas Land (law360.com)
- Were Analysts Bearish Wynn Resorts, Limited (NASDAQ:WYNN) This Week? (nismagazine.com)
- Barclays Boosts Wynn Resorts (WYNN) Price Target to $180.00 (americanbankingnews.com)
- BRIEF-Wynn Resorts Says Reached Agreement To Purchase Land From Wynn Las Vegas For $336 Mln (feeds.reuters.com)
- Australia’s Crown Resorts signs several divestment deals to reduce debt (feeds.reuters.com)
A number of equities research analysts have recently issued reports on WYNN shares. TheStreet raised shares of Wynn Resorts from a “c+” rating to a “b-” rating in a report on Tuesday. UBS reaffirmed a “buy” rating and issued a $174.00 target price (up from $149.00) on shares of Wynn Resorts in a report on Friday, September 29th. Zacks Investment Research raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a report on Tuesday, September 26th. Roth Capital started coverage on shares of Wynn Resorts in a report on Thursday, October 26th. They issued a “buy” rating and a $163.00 target price on the stock. Finally, Deutsche Bank set a $161.00 target price on shares of Wynn Resorts and gave the company a “buy” rating in a report on Monday, October 16th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $150.05.
Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.24. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. The business’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. equities analysts forecast that Wynn Resorts will post 5.34 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Thursday, November 16th were issued a $0.50 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $2.00 annualized dividend and a yield of 1.21%. Wynn Resorts’s dividend payout ratio is currently 55.40%.
In other Wynn Resorts news, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Matt Maddox sold 59,260 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $155.12, for a total transaction of $9,192,411.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,406 shares of company stock worth $23,864,344. Insiders own 13.20% of the company’s stock.
Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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