Sands will release its third-quarter financial report on Wednesday, and investors in Las Vegas Sands are hoping that after last week’s report from Wynn Resorts (NASDAQ:WYNN), what Sands says will be somewhat more encouraging. During the same period in the prior year, the company earned $1.95 earnings per share.
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Historically, Wynn Resorts Limited has been trading with a 52 week low of 50.96 and a 52 week of high 192.45. Brean Capital reissued a “buy” rating and set a $128.00 target price (down previously from $136.00) on shares of Wynn Resorts, Limited in a research note on Friday, July 31st.
The Wynn Resorts’s stock has fallen 58% previous year and saw a further plunge to $66.35 before recovering to trade at $72.30 as of lunch time on Friday. Wynn Resorts, Limited’s revenue was down 27.3% compared to the same quarter previous year.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 5.9261% on Tuesday, hitting $68.5799.
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WYNN has been the topic of several other reports. Finally, Argus reaffirmed a hold rating on shares of Wynn Resorts, Limited in a report on Thursday, September 3rd. The criticism from the Wynn boss came regarding the ambiguity surrounding the number of tables he is going to get at new $4.1 billion resort to be launched in March 2016, according to Bloomberg. The company has an average rating of “Hold” and an average target price of $107.83. Equities analysts expect that Wynn Resorts, Limited will post $3.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.74%. The firm’s 50 day moving average price is $68.04 and its 200 day moving average price is $97.34.Wynn Resorts Limited (NASDAQ:WYNN) shares will open today at 71.51 after closing yesterday at 73.76. In the Macau Special Administrative Region of the People’s Republic of China (Macau) the Company owns and operates Wynn Macau, which includes Encore at Wynn Macau. Southeastern Asset Management Inc Tn is another quite bullish investment manager who is owning 7.11M shares of Wynn Macau or 4.69% of their USA long equity exposure.
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Boston has been embroiled in the ugly legal battle with Wynn for months, suing the state’s gaming commission to stop the project and also asking a court to put a stop to a state environmental certificate approved last month that the Las Vegas casino mogul needed to start construction. The organization operates through two segments: Macau Operations, which comprises Wynn Macau and Encore and Las Vegas Businesses, which contains Encore and Wynn Las Vegas at Wynn Las Vegas. The Company’s Macau Operations feature approximately 1,008 hotel rooms and suites, 495 table games, 835 slot machines.
