At the time of writing, Wynn Resorts Ltd. [WYNN] stock is trading at $105.20, up 2.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WYNN shares have gain 2.71% over the last week, with a monthly amount glided 10.75%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Wynn Resorts Announces Early Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025. In a post published today on Yahoo Finance, Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) today announced the early results and upsizing of the previously announced tender offer (the “Tender Offer”) by its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, to purchase a portion of Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.’s outstanding 5.500% Senior Notes due 2025 (the “Notes”). The Tender Offer is subject to the terms and conditions set forth in the Offer to Purchase dated February 8, 2024 (the “Offer to Purchase”).
From an analyst’s perspective:
Wynn Resorts Ltd. [NASDAQ: WYNN] stock has seen the most recent analyst activity on January 17, 2024, when Macquarie upgraded its rating to a Outperform. Previously, Susquehanna started tracking the stock with Positive rating on December 15, 2023, and set its price target to $105. On October 23, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $111 on the stock. Wells Fargo reiterated its Overweight rating and increased its price target to $138 on July 13, 2023. Jefferies downgraded its rating to a Hold and reduced its price target to $114 on June 08, 2023. Barclays upgraded its rating to Overweight for this stock on May 17, 2023, and upped its price target to $135. In a note dated January 03, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $74 to $101.
For the past year, the stock price of Wynn Resorts Ltd. fluctuated between $81.65 and $117.86. Currently, Wall Street analysts expect the stock to reach $102.5 within the next 12 months. Wynn Resorts Ltd. [NASDAQ: WYNN] shares were valued at $105.20 at the most recent close of the market. An investor can expect a potential drop of -2.57% based on the average WYNN price forecast.
Analyzing the WYNN fundamentals
According to Wynn Resorts Ltd. [NASDAQ:WYNN], the company’s sales were 6.53B for trailing twelve months, which represents an 83.14% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.89 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-11.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.72 points at the first support level, and at 102.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.01, and for the 2nd resistance point, it is at 106.83.
Wynn Resorts Ltd. [WYNN] reported earnings per share of $1.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.76 and a surprise factor of 66.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.99 per share as compared to estimates of $0.75 per share, a difference of $0.24 representing a surprise of 32.00%.
Ratios To Look Out For
It is important to note that Wynn Resorts Ltd. [NASDAQ:WYNN] has a current ratio of 1.93. As well, the Quick Ratio is 1.89, while the Cash Ratio is 1.31. Considering the valuation of this stock, the price to sales ratio is 1.81 and price to earnings (TTM) ratio is 17.13.
Transactions by insiders
Recent insider trading involved CAMERON-DOE JULIE, CFO, that happened on Feb 09 when 6383.0 shares were sold. Director, Mulroy Patricia completed a deal on Feb 09 to sell 960.0 shares. Meanwhile, CEO Billings Craig Scott sold 19235.0 shares on Feb 08.
