Somewhat Negative News Coverage Extremely Likely to Impact Wynn Resorts (WYNN) Share Price

News coverage about Wynn Resorts (NASDAQ:WYNN) has trended somewhat negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wynn Resorts earned a daily sentiment score of -1.14 on their scale. InfoTrie also gave media headlines about the casino operator an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Wynn Resorts’ score:

Shares of Wynn Resorts stock traded up $0.26 during trading on Wednesday, reaching $144.98. 6,003 shares of the company traded hands, compared to its average volume of 2,316,298. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 5.19. Wynn Resorts has a 1-year low of $90.06 and a 1-year high of $202.48. The company has a market capitalization of $15.58 billion, a PE ratio of 22.21, a PEG ratio of 2.25 and a beta of 1.68.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Wednesday, January 30th. The casino operator reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.30). Wynn Resorts had a net margin of 8.70% and a return on equity of 47.05%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Wynn Resorts will post 6.3 EPS for the current fiscal year.

A number of research firms have weighed in on WYNN. BidaskClub lowered shares of Wynn Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. JPMorgan Chase & Co. boosted their target price on shares of Wynn Resorts to $149.00 and gave the stock an “overweight” rating in a report on Thursday, January 31st. Goldman Sachs Group assumed coverage on shares of Wynn Resorts in a report on Wednesday, April 10th. They set a “neutral” rating and a $132.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Wynn Resorts from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research upgraded shares of Wynn Resorts from a “strong sell” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Saturday, January 12th. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Wynn Resorts has an average rating of “Buy” and a consensus target price of $150.83.

In other Wynn Resorts news, Director Patricia Mulroy sold 425 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $118.02, for a total transaction of $50,158.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matt Maddox sold 18,900 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $124.15, for a total transaction of $2,346,435.00. Following the sale, the chief executive officer now directly owns 487,399 shares in the company, valued at $60,510,585.85. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

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About Wynn Resorts

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company's Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays.

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