Earnings of $0.66 Expected for Wynn Resorts, Limited (NASDAQ:WYNN)

Analysts that cover the stock have a mean consensus price target of $127.583 for Wynn Resorts, Limited (NASDAQ:WYNN).This one year figure is the mean estimate coming from the research analysts that recently released reports on stock. 1,927,309 shares of the company’s stock traded hands. On average, analysts predict that Wynn Resorts, Limited will post $3.05 EPS for the current fiscal year. Nomura reaffirmed a “neutral” rating and set a $82.00 target price (down from $106.00) on shares of Wynn Resorts, Limited in a report on Monday, September 21st. Telsey Advisory Group cut their price target on Wynn Resorts, Limited from $63.00 to $54.00 and set an “underperform” rating for the company in a report on Friday, September 25th. Wynn Resorts, Limited has a 12 month low of $50.96 and a 12 month high of $192.45. The company now has a consensus rating of Hold and an average price target of $107.83. Its parent Wynn Resorts, the first of the large US casino operators to announce third-quarter earnings, on Thursday posted revenue that trailed analysts’ estimates after a large drop in gambling in Macau. These ratings fall on a scale between 1 and 5 where a 1 would be a Strong Buy and a 5 would constitute a Strong Sell. The stock has a 50-day moving average price of $68.04 and a 200 day moving average price of $97.34.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings data on Thursday, October 15th. The rating is an average of the various different ratings given by analysts and brokers to Wynn Resorts Limited, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. This represents a $2.00 dividend on an annualized basis and a yield of 2.74%.

Macau’s secretary for economy and finance met with casino representatives yesterday after Wynn Resorts (WYNN) CEO Steve Wynn criticized the city’s government on Thursday for not telling him how many gaming tables he’ll be allowed at his newest resort, Bloomberg reports.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate comforts and accommodations, including superior retail offerings fine dining, identifying entertainment and convention facilities. In Las Vegas, Nevada, the Company owns and operates Wynn Las Vegas, which includes Encore at Wynn Las Vegas. The organization operates through two segments: Macau Operations, which comprises Wynn Macau and Encore and Las Vegas Businesses, which contains Encore and Wynn Las Vegas at Wynn Las Vegas. Feet of casino space with 232 square about 186,000 is featured by its Las Vegas Operations table games, 1,849 slot machines, two hotel towers and others.

Macau has “no plan to make any changes lightly” and demands “clear understanding and full compliance” from the industry, the government said in a statement on its website after Sunday’s meeting, which the chief of its gaming regulator also attended.