Wynn Resorts (NASDAQ:WYNN) Releases Earnings Results, Beats Estimates By $0.25 EPS

Wynn Resorts (NASDAQ:WYNN) posted its quarterly earnings data on Tuesday. The casino operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25, FiscalAI reports. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS.

Here are the key takeaways from Wynn Resorts’ conference call:

• Las Vegas and Boston delivered solid operating results. Wynn Las Vegas generated $215 million of EBITDA, with casino revenue up 5%, RevPAR up 3%, and retail lease revenue up 8%, while Encore Boston Harbor produced $56 million of EBITDAR and record second-quarter RevPAR and hotel revenue.
• Macau performance benefited from stronger volumes and mass-market demand. Mass drop increased 5% in the quarter, and management said rolling volumes and mass drop began recovering in late July and early August after World Cup-related weakness.
• Wynn Al Marjan Island’s opening was delayed to September 2027, and its total project budget increased by approximately $600 million. Management attributed roughly half of the increase to regional-conflict-related supply-chain and shipping disruptions, with the remainder tied to project remeasurement, coordination, and other costs.
• The company is advancing growth investments in Macau, including the 432-suite Enclave hotel tower and a new event center and theater at Wynn Palace. Construction on both projects is expected to begin soon, with completion targeted for 2028 and 2029, respectively.
• Strong liquidity supports continued shareholder returns and development spending. Wynn reported approximately $4 billion of global cash and revolver availability, approved a $150 million Wynn Macau dividend, declared a $0.25-per-share Wynn Resorts dividend, and repurchased $75 million of stock during the quarter.

Wynn Resorts Stock Down 0.8%

Shares of NASDAQ:WYNN traded down $0.76 during midday trading on Tuesday, reaching $97.60. The company had a trading volume of 2,444,712 shares, compared to its average volume of 1,378,510. The business’s 50 day moving average price is $100.51 and its 200 day moving average price is $104.08. The stock has a market cap of $10.13 billion, a PE ratio of 22.51, a P/E/G ratio of 0.97 and a beta of 1.01. Wynn Resorts has a 1-year low of $92.52 and a 1-year high of $134.72.

Wynn Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.0%. Wynn Resorts’s dividend payout ratio is presently 29.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WYNN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $137.00 price objective on shares of Wynn Resorts in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wynn Resorts in a research report on Wednesday, June 24th. JPMorgan Chase & Co. cut their price target on shares of Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Bank of America lowered their price objective on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Barclays cut their price target on Wynn Resorts from $139.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.44.

Wynn Resorts News Summary

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 6.9% year over year to $1.86 billion, while adjusted earnings of $1.24 per share surpassed analyst estimates near $0.99–$1.01. Net income attributable to Wynn more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Q2 2026 Results
• Positive Sentiment: Broad-based operating performance: Wynn Palace and Wynn Macau revenue increased, while Las Vegas operations generated $643.2 million in revenue. The results suggest continued casino demand across key markets, particularly Macau. Wynn Resorts Second-Quarter Revenue Rises
• Positive Sentiment: Shareholder returns continued: Wynn declared a quarterly dividend of $0.25 per share and repurchased approximately 741,000 shares for $75 million during the quarter. Wynn Resorts Q2 Revenue and Capital Returns
• Positive Sentiment: UAE expansion advanced: Wynn Al Marjan Island is expected to open in September 2027. The resort could provide a significant long-term growth opportunity by establishing Wynn in a new regional gaming and luxury-hospitality market. Wynn UAE Resort Opening Date
• Neutral Sentiment: Analysts maintain a generally favorable view, with Wynn receiving a consensus “Moderate Buy” recommendation; however, the stock trades at a relatively high earnings multiple, leaving less room for disappointment. Wynn Analyst Recommendation
• Negative Sentiment: Concerns about China’s anti-graft campaign remain a risk for Wynn’s Macau operations, potentially pressuring high-end gaming demand and offsetting some of the quarter’s positive momentum. China Anti-Graft Drive and Wynn Macau

Institutional Investors Weigh In On Wynn Resorts

Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Wynn Resorts by 10.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after buying an additional 754 shares during the last quarter. Woodline Partners LP raised its position in shares of Wynn Resorts by 36.2% in the first quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after purchasing an additional 2,012 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after buying an additional 156 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Wynn Resorts by 13.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock worth $155,000 after buying an additional 201 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Wynn Resorts by 9.5% during the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock worth $937,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.