Somewhat Negative Media Coverage Somewhat Unlikely to Impact Wynn Resorts (WYNN) Stock Price
Press coverage about Wynn Resorts (NASDAQ:WYNN) has trended somewhat negative on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wynn Resorts earned a media sentiment score of -0.19 on Accern’s scale. Accern also assigned news headlines about the casino operator an impact score of 43.0082115112436 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Casino mogul Steve Wynn may sell his stake in Wynn Resorts (feeds.reuters.com)
- Wynn Resorts (WYNN) Given a $194.00 Price Target by Morgan Stanley Analysts (americanbankingnews.com)
- Wynn Resorts Announces Commencement of Consent Solicitation … – Business Wire (press release) (businesswire.com)
- Gaming Industry to Sustain Stellar Show in 2018: 4 Solid Buys (finance.yahoo.com)
- Steve and Elaine Wynn Settle Fight Over Control of Company Shares (finance.yahoo.com)
Several equities analysts recently issued reports on WYNN shares. Goldman Sachs Group upgraded shares of Wynn Resorts from a “sell” rating to a “neutral” rating in a report on Sunday, February 4th. Citigroup set a $228.00 target price on shares of Wynn Resorts and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Barclays upped their price objective on shares of Wynn Resorts to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Nomura raised shares of Wynn Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $175.00 to $211.00 in a research report on Wednesday, February 7th. Finally, Jefferies Group began coverage on shares of Wynn Resorts in a research report on Thursday, January 18th. They set a “buy” rating and a $202.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $185.80.
Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Monday, January 22nd. The casino operator reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. Wynn Resorts had a net margin of 11.85% and a return on equity of 100.14%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts predict that Wynn Resorts will post 7.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. Wynn Resorts’s payout ratio is 27.51%.
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Wynn Resorts Company Profile
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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