On a technical level the stock has a 50 Day Moving Average of 76.84. Adjusted property EBITDA amounted to $162.8 million, down 50% year-on-year. Southeastern Asset Management Inc Tn owns 7.11 million shares or 4.69% of their USA portfolio. The share had a block transaction during the course of trading in which the net money flow was $(-15.93) million.
Advertisement
“The reason these extraordinary nongaming attractions exist is because the damn casino is the cash register”, Wynn said on the conference call.
The stock had changed +1.92% since market close yesterday.
Northern Cross Llc had the most significant stake with ownership of 6.81M shares as of Q2 2015 for 14.22% of the United States equity exposure. During last six month period, the net percent change held by insiders has seen a change of -2.03%. Brean Capital dropped their price target on shares of Wynn Resorts, Limited from $153.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd.
Many analysts have commented on the company rating. Finally, Argus reiterated a hold rating on shares of Wynn Resorts, Limited in a research report on Thursday, September 3rd.
Earnings are perhaps the single most studied number in a company’s financial statements because they show a company’s profitability. The shares have been rated Outperform. The rating by the firm was issued on October 5, 2015. Ultimately, a business’s earnings are the main determinant of its share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run. However, the standard deviation of short term price estimate has been valued at 18.19. The stock has a consensus rating of “Hold” and a consensus target price of $107.83. Vetr raised Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $73.09 target price for the company in a research report on Tuesday, September 22nd.
Goldman Sachs Group Inc (NYSE:GS), on 10/15/15, reported that its EPS was $2.90 compared with the average expectation for $2.91 a share. Trading volume was at 5.72 million shares versus an average volume of 3.41 million shares.
Wynn Resorts fell 2 percent to $72.30 as of 1:36 p.m.in New York after dropping as low as $66.35, the biggest intraday decline in nearly two months.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which incorporate accommodations and amenities, including premium retail offerings, fine dining, distinguishing entertainment and convention facilities. No one knows quite where the bottom of the market is, and now there’s uncertainty around table games for new resorts, and even questions about if there will be enough labor to operate them. Wynn said the fall-off in high-end baccarat play in Macau affects the company’s high-end business at its two Strip resorts. The company operates through two segments: Las Vegas Businesses, which comprises Encore and Wynn Las Vegas at Wynn Las Vegas, and Macau Operations, which includes Wynn Macau and Encore at Wynn Maca. The Company refers to the integrated Wynn Las Vegas and Encore at Wynn Las Vegas resorts as Wynn Las Vegas, Encore or as its Las Vegas Operations.
Advertisement
To be clear, Macau is still a highly profitable location for Wynn Resorts and all of the other operators there.
