Macau gaming gains up for 1st time in 26 months

“We believe that Wynn Palace had a positive contribution to the market in August, with its 1,700 hotel rooms”, said analyst Christopher Jones of the Buckingham Research Group. They expect $0.81 earnings per share, down 5.81% or $0.05 from last year’s $0.86 per share.

Other analysts, however, have questioned whether the slight growth was in fact due to a small seasonal boost, and suggested, instead, that growth will continue to be affected by a number of negative factors, including tighter regulations imposed on VIP gambling, a weaker yuan, and increased competition amongst casinos. Capital International Ltd bought 34,800 shares as the company’s stock rose 35.86% with the market. According to these analysts, the Low Revenue Estimate for Wynn Resorts, Limited is 1.04 Billion and the High Revenue Estimate is 1.23 Billion. These analysts have also projected a Low Estimate of $0.3/share and a High Estimate of $1.02/share.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on October, 20.

Analysts’ mean recommendation for Wynn Resorts Ltd.’s (WYNN) stands at 2.70.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The 13 stock analysts who cover the stock have an average PT at $102.15, with individual targets in the range of $75 to $119. The company stock was downgraded to Underperform from Outperform, wrote analysts at CLSA, in a research note issued to clients on Friday July 29, 2016.

Beta is also an important valuation ratio for analyzing the stock of the company, 14 has Beta of 1.88 while its industry and Sector’s beta remains at 1.1 and 1.22 respectively. It has market cap of $9.45B. The stock had a trading volume of 2.3 M shares.

During last one month it showed the change of -4.12%. The investment firm sold 1,210 shares of WYNN which is valued $123,710.Cornerstone Advisors reduced its stake in WYNN by selling 9 shares or 6.04% in the most recent quarter. EPS ratio considered by looking at last twelve month figures is -0.02. Wynn Resorts, Limited P/E (price to earnings) ratio is 28.78 and Forward P/E ratio of 19.35.

“We estimate Wynn Palace to generate property EBITDA [earnings before interest, taxation, depreciation and amortisation] of HKD5.3 billion in 2017, which will result in a return on investment in the mid-teens [of percent]”, Mr Umansky and Mr Kurz said.

CIMB additionally noted that Melco Crown Entertainment Ltd’s City of Dreams resort on Cotai had the highest proportion of “premium” mass tables in the Macau market, at 61 percent; while Wynn Macau Ltd’s new Cotai venue Wynn Palace had 43 percent under that designation.

Along with these its year to date performance is standing at 36.94%. The stock is now holding above its 50-day SMA of $-2.26 and below its 200-day SMA of $96.99.