Is Wynn Resorts Ltd. (NASDAQ: WYNN) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted 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

This NASDAQ-listed company operates within the Resorts & Casinos industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Wynn Resorts Ltd. is $11.41B. A total of 1.09 million shares were traded on the day, compared to an average of 1.85M 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

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Wynn Resorts Ltd. pays an annual dividend of $1.00, resulting in a dividend yield of 0.98%, and it has a price to earnings (P/E) ratio of 16.57. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $1.23 per share for the current quarter. EPS was calculated based on a consensus of 11 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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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