Wynn Resorts, Limited (WYNN) To Go Ex-Dividend on November 15th

Cornelia Mascio
Novembre 15, 2017

Also Businesswire.com published the news titled: "Wynn Resorts, Limited Reports Third Quarter 2017 Results" on October 26, 2017. The brokerage issued a buy rating and a $163.00 price objective on the casino operator's stock. Instinet reissued a "neutral" rating on shares of Wynn Resorts, Limited in a report on Monday, July 17th.

Wynn Resorts Ltd. has been given an analysts' mean target of 155.5. Trexquant Investment L P has 0.34% invested in Wynn Resorts, Limited (NASDAQ:WYNN) for 9,309 shares. UBS AG lowered Wynn Resorts, Limited from a "buy" rating to a "hold" rating in a research note on Wednesday, July 26th. Morgan Stanley increased their price target on shares of Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an overweight rating in a research report on Friday, October 13th.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. The New York-based Archon Prtnrs Ltd Company has invested 0.34% in Wynn Resorts, Limited (NASDAQ:WYNN). Teachers Advisors LLC grew its holdings in shares of Wynn Resorts, Limited by 190.5% during the 1st quarter. The company had a trading volume of 1,282,900 shares, compared to its average volume of 2,098,557. The corporation has a market cap of US$15.88 Billion. The company has a quick ratio of 1.68, a current ratio of 1.72 and a debt-to-equity ratio of 24.54.

Wynn Resorts, Limited (NASDAQ:WYNN) is expected to pay $0.50 on Nov 28, 2017. Finally, Union Gaming Research reissued a "hold" rating on shares of Wynn Resorts, Limited in a report on Wednesday, July 26th. The casino operator reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.56 billion. Wynn Resorts, Limited had a net margin of 6.24% and a return on equity of 132.96%. The casino operator reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.24. Voya Inv Management Ltd Llc stated it has 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and global trademark and copyright laws. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/11/14/wynn-resorts-limited-wynn-research-coverage-started-at-roth-capital.html. Shareholders of record on Thursday, November 16th will be paid a $0.50 dividend.

Wynn Resorts, Limited (NASDAQ:WYNN)'s earnings per share has been growing at a -13.4 percent rate over the past 5 year when average revenue increase was noted as -3.3 percent. Wynn Resorts, Limited's payout ratio is presently 55.25%.

In related news, EVP Kimmarie Sinatra sold 20,795 shares of Wynn Resorts, Limited stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $93.83 per share, with a total value of $3,518,625.00. Following the completion of the transaction, the director now directly owns 19,162 shares of the company's stock, valued at approximately $2,907,641.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Boone Wayson acquired 37,500 shares of the company's stock in a transaction dated Wednesday, December 14th. Meanwhile, the average 12-month price target from Wall Street analysts is now $155.50, this means that the stock is underpriced by 0.167%. Following the completion of the sale, the executive vice president now owns 223,443 shares in the company, valued at approximately $32,090,883.66. The disclosure for this sale can be found here. The insider Mulroy Patricia sold 2,226 shares worth $285,106. The stock has "Buy" rating by Citigroup on Wednesday, April 13.

Several other large investors have also recently modified their holdings of WYNN. JPMorgan Chase & Co. raised its holdings in Wynn Resorts, Limited by 128.1% in the second quarter. Thrivent Financial For Lutherans now owns 2,910 shares of the casino operator's stock worth $334,000 after purchasing an additional 150 shares in the last quarter. Maverick Capital Ltd. raised its holdings in shares of Wynn Resorts, Limited by 36.9% during the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator's stock worth $169,024,000 after acquiring an additional 339,550 shares during the period. Concert Wealth Management Inc. now owns 3,046 shares of the casino operator's stock worth $280,000 after buying an additional 220 shares in the last quarter. Illinois-based Citadel Advsrs Limited Com has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN). Handelsbanken Fonder AB now owns 83,000 shares of the casino operator's stock worth $11,132,000 after purchasing an additional 71,000 shares in the last quarter. Institutional investors and hedge funds own 70.67% of the company's stock.

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.

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