Wynn Resorts, Limited Downgraded by Vetr Inc. (WYNN)

We’ve also learned that Wynn Resorts Limited will report its next earnings on February 2, 2016. On the 15 of October, Steve Wynn had a call with his investors and was very open on his views about the Wynn Everett casino and his opinion on Mayor Walsh.

The Macau government said it has several factors to take into consideration before deciding on the table allocation, including the non-gaming components of the new projects on Cotai and the partnerships between the operators and the local small- and medium-sized businesses.

Historically, Wynn Resorts Limited has been trading with a 52 week low of 50.96 and a 52 week of high 192.45. This constant decline has resulted in slashing the value of Mr. Steve Wynn’s personal stake in the company by nearly $1 billion, according to Bloomberg.

Sell-side Wall Street brokers are anticipating Wynn Resorts, Limited (NASDAQ:WYNN) will post current quarter earnings per share of $0.89. During the same quarter previous year, the business posted $1.95 EPS. 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.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded down 7.2000% during trading on Monday, hitting $67.6512.

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. The firm had revenue of $996 million for the quarter, compared to the consensus estimate of $1.03 billion.1030.887.

1030.887. This represents a -3.356% difference between analyst expectations and the Wynn Resorts Limited achieved in its quarterly earnings.

Out of 17 analysts covering Wynn Macau, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The average 12-month price objective among analysts that have covered the stock in the previous year is $101.77. Sterne Agee CRT reissued a “buy” rating on shares of Wynn Resorts, Limited in a report on Wednesday, September 23rd. Shareholders of record on Thursday, November 12th will be given a $0.50 dividend.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which incorporate accommodations and amenities, including convention facilities, superior retail offerings, distinguishing entertainment and fine dining. The organization operates through two segments: Las Vegas Businesses, which includes Wynn Las Vegas and Encore at Wynn Las Vegas, and Macau Operations, which contains Wynn Macau and Encore at Wynn Maca. In the Macau Special Administrative Region of the People’s Republic of China (Macau) the Company owns and operates Wynn Macau, which includes Encore at Wynn Macau. Wynn Resorts also owns 100% of and operates an integrated resort in Vegas, Nevada. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table two hotel towers slot machines, games, 1,849 and others.

To view Vetr’s full report, visit Vetr’s official website.