Wynn Resorts Ltd (NASDAQ:WYNN)’s traded shares stood at 3.63 million during the latest session, with the company’s beta value hitting 1.77. At the last check today, the stock’s price was $94.00, to imply an increase of 9.56% or $8.2 in intraday trading. The WYNN share’s 52-week high remains $110.38, putting it -17.43% down since that peak but still an impressive 23.8% since price per share fell to its 52-week low of $71.63. The company has a valuation of $10.32B, with an average of 3.73 million shares in intraday trading volume over the past 10 days and average of 2.85 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Wynn Resorts Ltd (WYNN), translating to a mean rating of 1.38. Of 12 analyst(s) looking at the stock, 0 analyst(s) give WYNN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.43.
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Wynn Resorts Ltd (NASDAQ:WYNN) trade information
After registering a 9.56% upside in the latest session, Wynn Resorts Ltd (WYNN) has traded red over the past five days. The 5-day price performance for the stock is 7.84%, and -6.22% over 30 days. With these gigs, the year-to-date price performance is 3.17%. Short interest in Wynn Resorts Ltd (NASDAQ:WYNN) saw shorts transact 5.61 million shares and set a 2.02 days time to cover.
The extremes give us $58.5 and $134 for target low and target high price respectively. As such, WYNN has been trading -42.55% off suggested target high and 37.77% from its likely low.
Wynn Resorts Ltd (WYNN) estimates and forecasts
Looking at statistics comparing Wynn Resorts Ltd share performance against respective industry, we note that the company has outperformed competitors. Wynn Resorts Ltd (WYNN) shares are -3.20% down over the last 6 months, with its year-to-date growth rate higher than industry average at 18.78% against 1.20%. Revenue is forecast to shrink -25.16% this quarter before falling -16.20% for the next one. The rating firms project that company’s revenue will grow 8.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 1.78B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 1.78B.Earnings reports from the last fiscal year show that sales brought in 1.84B and 1.86B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.02% before dropping -4.26% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 3.40% for the past 5-year period. While 2024 is set for a 21.44% return in earnings, projections for the next 5 years are at 9.96% annually.
WYNN Dividends
Wynn Resorts Ltd has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Wynn Resorts Ltd has a forward dividend ratio of 1.00, with the share yield ticking at 1.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.28%.
Wynn Resorts Ltd (NASDAQ:WYNN)’s Major holders
Wynn Resorts Ltd insiders hold 15.51% of total outstanding shares, with institutional holders owning 66.91% of the shares at 79.20% float percentage. In total, 66.91% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 11.03 million shares (or 9.934% of shares), all amounting to roughly $987.1 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 7.31 million shares, or about 6.5819% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $654.01 million.
