Growing Through Challenges? – Wynn Resorts Ltd. (WYNN)

Currently, there are 111.74M common shares owned by the public and among those 94.97M shares have been available to trade.

Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 26,903 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 38,001 shares.

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The company’s stock has a 5-day price change of -2.83% and 20.96% over the past three months. WYNN shares are trading 11.09% year to date (YTD), with the 12-month market performance down to -9.81% lower. It has a 12-month low price of $81.65 and touched a high of $117.86 over the same period. WYNN has an average intraday trading volume of 1.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.52%, 4.21%, and 4.49% respectively.

Institutional ownership of Wynn Resorts Ltd. (NASDAQ: WYNN) shares accounts for 62.72% of the company’s 111.74M shares outstanding.

It has a market capitalization of $11.34B and a beta (3y monthly) value of 1.95. The stock’s trailing 12-month PE ratio is 16.48, while the earnings-per-share (ttm) stands at $6.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.46% over the week and 2.31% over the month.

Analysts forecast that Wynn Resorts Ltd. (WYNN) will achieve an EPS of $1.24 for the current quarter, $1.12 for the next quarter and $5.56 for 2025. The lowest estimate earnings-per-share for the quarter is $0.78 while analysts give the company a high EPS estimate of $1.62. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 19.38%, and 12.40% over the next financial year.

Susquehanna coverage for the Wynn Resorts Ltd. (WYNN) stock in a research note released on December 15, 2023 offered a Positive rating with a price target of $105. HSBC Securities was of a view on October 23, 2023 that the stock is Buy, while Wells Fargo gave the stock Overweight rating on July 13, 2023, issuing a price target of $134- $138. Jefferies on their part issued Hold rating on June 08, 2023.

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