Gambling regulators in 2 states reviewing Wynn allegations

by Susie Olson February 1, 2018, 0:53

Wynn Resorts had a return on equity of 148.17% and a net margin of 11.85%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.56 billion.

Since July 31, 2017, it had 0 insider buys, and 2 sales for $9.23 million activity. Wynn Resorts's revenue was up 29.9% on a year-over-year basis.

Several research firms recently weighed in on WYNN. Finally, UBS Group lowered Wynn Resorts from a "buy" rating to a "neutral" rating and set a $174.00 price target on the a research report on Monday. Northside Capital Ltd Liability Co has invested 0.09% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN).

The consensus recommendation, according to Zacks Investment research, is 1.89. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Wynn Resorts now has an average rating of "Buy" and a consensus target price of $175.88.

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Shares of Wynn Resorts (NASDAQ WYNN) opened at $174.17 on Wednesday. 5,998,983 shares of the company traded hands, compared to its average volume of 5,664,762. Its quick ratio for the most recent quarter is 1.70. Wynn Resorts has a 1 year low of $92.67 and a 1 year high of $203.63. The firm has a market capitalization of $17,620.00, a price-to-earnings ratio of 23.57 and a beta of 1.73. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. First Personal Financial Services increased its holdings in Wynn Resorts by 102.9% in the 3rd quarter. Accern also assigned media stories about the casino operator an impact score of 45.8766895759995 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Lee Financial Group Hawaii Inc. bought a new position in shares of Wynn Resorts during the fourth quarter worth $236,000.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. The shares were sold at an average price of $128.08, for a total transaction of $285,106.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Following the completion of the transaction, the director now owns 19,162 shares in the company, valued at approximately $2,907,641.88. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,055 shares of company stock worth $14,629,975.

Now investors want to know the actual market worth of the company in the Stock Market. Numerous booking companies which work with Wynn could opt for no longer supporting the business and be in partnership with the gambling operator which has numerous locations around the world. Shareholders of record on Thursday, February 15th will be given a $0.50 dividend.

Presently, 1.00% shares of Windstream Holdings, Inc. The ex-dividend date is Tuesday, August 8th. Wynn Resorts's dividend payout ratio (DPR) is presently 27.51%.

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