Wynn Resorts Ltd. (NASDAQ: WYNN) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Wynn Resorts Announces Final Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025.

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Stocks Info

Wynn Resorts Ltd. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Resorts & Casinos industry. The current market capitalization of Wynn Resorts Ltd. is $11.57B. A total of 1.94 million shares were traded on the day, compared to an average of 1.92M shares.

In the most recent transaction, CAMERON-DOE JULIE sold 6,383 shares of WYNN for 105.27 per share on Feb 09 ’24. After the transaction, the CFO now owns 78,150 company shares. In a previous transaction on Feb 09 ’24, Mulroy Patricia sold 960 shares at 105.17 per share. WYNN shares that Director owns now total 522.

Among the insiders who sold shares, Billings Craig Scott disposed of 19,235 shares on Feb 08 ’24 at a per-share price of $108.00. This resulted in the CEO holding 307,904 shares of WYNN after the transaction. In another insider transaction, Billings Craig Scott sold 11,819 shares at $94.11 per share on Jan 12 ’24. Company shares held by the CEO now total 316,237.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Wynn Resorts Ltd. pays an annual dividend of $1.00, resulting in a dividend yield of 0.97%, and it has a price to earnings (P/E) ratio of 16.81. WYNN’s most recent ex-dividend date was 2/16/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 2/29/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/17/2023. The WYNN stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, WYNN has a high of $117.86 and a low of $81.65.

As of this writing, WYNN has an earnings estimate of $1.24 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.62 per share and a lower estimate of $0.78. The company reported an EPS of $0.99 in the last quarter, which was 32.00% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WYNN’s latest balance sheet shows that the firm has $2.52B in Cash & Short Term Investments as of fiscal 2021. There were $12.05B in debt and $1.29B in liabilities at the time. Its Book Value Per Share was -$2.25, while its Total Shareholder’s Equity was -$836.22M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WYNN is Buy with a score of 4.45.

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