Analysis of Wynn Resorts Ltd. (WYNN)’s performance, earnings and valuation

Wynn Resorts Ltd. [WYNN] stock prices are down -0.65% to $97.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WYNN shares have gain 6.09% over the last week, with a monthly amount drifted -8.26%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Mizuho started tracking the stock with Buy rating on April 04, 2024, and set its price target to $131. On January 17, 2024, upgrade upgraded it’s rating to Outperform. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $105 on December 15, 2023. HSBC Securities initiated its recommendation with a Buy and recommended $111 as its price target on October 23, 2023. Wells Fargo reiterated a Overweight rating for this stock on July 13, 2023, and upped its price target to $138. In a note dated June 08, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $135 to $114.

The stock price of Wynn Resorts Ltd. [WYNN] has been fluctuating between $81.65 and $113.50 over the past year. Currently, Wall Street analysts expect the stock to reach $110.55 within the next 12 months. Wynn Resorts Ltd. [NASDAQ: WYNN] shares were valued at $97.23 at the most recent close of the market. An investor can expect a potential return of 13.7% based on the average WYNN price forecast.

Analyzing the WYNN fundamentals

The Wynn Resorts Ltd. [NASDAQ:WYNN] reported sales of 6.53B for trailing twelve months, representing a surge of 83.14%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is -1.41 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-13.57.

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 96.25 points at the first support level, and at 95.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.26, and for the 2nd resistance point, it is at 99.30.

Wynn Resorts Ltd. [WYNN] reported earnings per share of $1.91 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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’s worth pointing out that Wynn Resorts Ltd. [NASDAQ:WYNN]’s Current Ratio is 1.93. On the other hand, the Quick Ratio is 1.89, and the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 1.67 and price to earnings (TTM) ratio is 13.04.

Transactions by insiders

Recent insider trading involved CAMERON-DOE JULIE, CFO, that happened on Feb 09 ’24 when 6383.0 shares were sold. Director, Mulroy Patricia completed a deal on Feb 09 ’24 to sell 960.0 shares. Meanwhile, CEO Billings Craig Scott sold 19235.0 shares on Feb 08 ’24.

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