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WYNN $85.8

WYNN target price
85.80
125
117
Wynn Resorts
Type
Public
Traded as
  • NASDAQ: WYNN
  • NASDAQ-100 component
  • S&P 500 component
Industry Hospitality, Tourism
Founded 2002; 15 years ago (2002)
Founder Steve Wynn
Headquarters Las Vegas Strip (Paradise), Nevada, U.S.
Area served
United States and China
Key people
Steve Wynn (CEO)
Products Casinos, Entertainment, Gaming and Resorts
Revenue Increase $4.47 billion - 2016
Operating income
Increase $521.66 million - 2016
Net income
Increase $302.47 million - 2016
Total assets Increase $11.95 billion - 2016
Total equity Increase $257.88 million - 2016
Number of employees
24,500 - 2016
Website wynnresorts.com

Wynn Resorts Limited is a publicly traded corporation based on the Las Vegas Strip, Nevada that is a developer and operator of high end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn. As of 2017, the company has developed five properties and was building a sixth.

In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million.

Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation. Wynn, together with Universal subsidiary Aruze USA, controlled almost half the stock.

Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.

Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002.

The company's first project, Wynn Las Vegas, opened on April 28, 2005.

Wynn Macau, the company's second project started construction on June 28, 2004. It opened September 5, 2006 and is now the largest-grossing casino in the region.

Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas.

Encore at Wynn Macau, the company's second project on the Macau Peninsula, Macau, People's Republic of China, opened on April 21, 2010. A second resort in Macau, Wynn Palace on the Cotai Strip, opened August 22, 2016.

Wynn bought 52 acres (21 ha) of the Cotai Strip in Macau where he hopes to break ground in 2012 for Wynn Cotai for a 2013 or early 2014 opening.

The company considered opening a casino as part of the Entertainment City development in the Philippines, but decided against it. When Okada decided to proceed with the project alone, their partnership dispute went public with reciprocal accusations of corrupt practices. Wynn accused Okada of bribing Philippines gaming regulators with over $110,000 in benefits (including free nights in a luxury suite at Wynn Las Vegas), while Okada questioned some of Wynn's actions (such as a $135 million donation to the University of Macau). Okada resigned as vice chairman in October 2011. The board of directors forced Okada's company, Aruze USA, to sell back its stock at approximately a 30% discount.

On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts on the Mystic River, just north of Boston. This project will be known as Wynn Boston Harbor and is scheduled to open in 2019.

The Encore in Las Vegas opened shortly after the beginning of the Great Recession. Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to the original 190 tables and 2000 slots), net casino revenues for the combined resort were initially lower. Similarly, in the first quarter of 2009, net revenues of the Macau operations declined. Following the global economic recovery, performance of the Wynn properties also recovered. Wynn remained the only gaming operator to not perform mass layoffs during the recession. In 2017 CNBC reported that Wynn’s stock was up 44% for the year and that Wynn’s Macau operations were the leading US-based resorts there.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-08 Future report Set alerts
Q2 2022 2022-08-09 -0.82 -0.82
Q1 2022 2022-05-10 -1.21 -1.21
Q4 2021 2022-02-15 -1.37 -1.37
Q3 2021 2021-11-09 -1.24 -1.24
Q2 2021 2021-08-04 -1.12 -1.12
Q1 2021 2021-05-10 -2.41 -2.41
Q4 2020 2021-02-04 -2.45 -2.45
Q3 2020 2020-11-05 -7.04 -7.04
Q2 2020 2020-08-04 -6.14 -6.14

Ratings

2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-26 Reiterated Rating Deutsche Bank Hold
2016-06-26 Reiterated Rating Deutsche Bank AG Hold
2016-06-04 Reiterated Rating Wells Fargo Hold
2016-06-04 Reiterated Rating Wells Fargo & Co. Hold
2016-06-03 Upgrade Morgan Stanley Underweight to Equal Weight
2016-05-09 Reiterated Rating Goldman Sachs Buy
2016-05-09 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-05-08 Reiterated Rating Gabelli Buy
2016-05-06 Reiterated Rating Bank of America Hold $110.00
2016-05-06 Reiterated Rating Bank of America Corp. Hold $110.00
2016-05-05 Reiterated Rating JPMorgan Chase & Co. Overweight
2016-04-19 Reiterated Rating Nomura Neutral $70.00 to $78.00
2016-04-19 Reiterated Rating Nomura Holdings Inc. Neutral $70.00 to $78.00
2016-04-13 Reiterated Rating Citigroup Inc. Buy $101.00 to $117.00
2016-04-13 Downgrade Deutsche Bank Buy to Hold $94.00 to $101.00
2016-04-12 Lower Price Target Gabelli Buy $103.00 to $96.00
2016-04-12 Reiterated Rating Wells Fargo Market Perform
2016-04-07 Upgrade Telsey Advisory Group Market Perform to Outperform $67.00 to $112.00
2016-04-06 Reiterated Rating Nomura Hold
2016-04-06 Reiterated Rating Deutsche Bank Buy to Buy $101.00 to $94.00
2016-04-01 Reiterated Rating Goldman Sachs Buy $78.00 to $103.00
2016-03-31 Reiterated Rating JPMorgan Chase & Co. Buy
2016-03-30 Boost Price Target JPMorgan Chase & Co. Overweight $71.00 to $100.00
2016-03-28 Reiterated Rating Deutsche Bank Buy
2016-03-22 Upgrade Morgan Stanley Equal Weight to Overweight $77.00 to $120.00
2016-03-18 Reiterated Rating Deutsche Bank Buy $82.00 to $94.00
2016-03-11 Reiterated Rating Morgan Stanley Underweight
2016-03-11 Reiterated Rating Wells Fargo Market Perform
2016-03-11 Downgrade Sterne Agee CRT Buy to Neutral $85.00
2016-02-20 Reiterated Rating Credit Suisse Outperform
2016-02-20 Reiterated Rating Credit Suisse Group AG Outperform
2016-02-17 Reiterated Rating Nomura Neutral $64.00 to $70.00
2016-02-15 Reiterated Rating Deutsche Bank Buy $82.00
2016-02-14 Reiterated Rating Credit Suisse Hold
2016-02-12 Lower Price Target Credit Suisse Neutral $74.00 to $70.00
2016-02-10 Reiterated Rating Morgan Stanley Equal Weight
2016-02-01 Reiterated Rating Sanford C. Bernstein Outperform
2016-02-01 Reiterated Rating Morgan Stanley Underweight
2016-01-31 Reiterated Rating Wells Fargo Market Perform
2016-01-26 Lower Price Target Susquehanna Neutral $67.00 to $61.00
2016-01-19 Lower Price Target Nomura $73.00 to $64.00
2016-01-19 Reiterated Rating Susquehanna Neutral $51.50
2016-01-15 Reiterated Rating Credit Suisse Hold $74.00
2016-01-09 Reiterated Rating CLSA Buy
2016-01-09 Reiterated Rating Credit Agricole Buy
2016-01-09 Reiterated Rating Credit Agricole SA Buy
2016-01-01 Reiterated Rating Gabelli Buy
2015-12-31 Reiterated Rating Wells Fargo Hold
2015-12-10 Reiterated Rating Deutsche Bank Buy
2015-12-09 Reiterated Rating Bank of America Hold
2015-11-23 Lower Price Target Deutsche Bank Buy $100.00 to $82.00
2015-11-20 Reiterated Rating Sterne Agee CRT Buy $103.00
2015-11-19 Lower Price Target Telsey Advisory Group Market Perform $69.00 to $68.00
2015-10-27 Initiated Coverage Gabelli Buy $92.00
2015-10-21 Reiterated Rating Sanford C. Bernstein Market Perform
2015-10-16 Reiterated Rating Credit Suisse Hold $105.00 to $76.00
2015-10-15 Lower Price Target Susquehanna Neutral $83.00 to $75.00
2015-10-08 Reiterated Rating JPMorgan Chase & Co. Overweight $120.00 to $94.00
2015-10-05 Upgrade Telsey Advisory Group Underperform to Market Perform $54.00 to $68.00
2015-10-05 Upgrade Taglich Brothers Underperform to Market Perform $54.00 to $68.00
2015-09-30 Reiterated Rating Stifel Nicolaus Hold
2015-09-25 Lower Price Target Telsey Advisory Group Underperform $63.00 to $54.00
2015-09-23 Reiterated Rating Sterne Agee CRT Buy
2015-09-21 Reiterated Rating Nomura Neutral $106.00 to $82.00
2015-09-17 Lower Price Target Deutsche Bank Buy $131.00 to $100.00
2015-09-11 Reiterated Rating Sterne Agee CRT Buy $131.00
2015-09-10 Lower Price Target Susquehanna Neutral $100.00 to $83.00
2015-09-08 Reiterated Rating Telsey Advisory Group Underperform
2015-09-03 Reiterated Rating Argus Hold
2015-07-31 Reiterated Rating Brean Capital Buy $136.00 to $128.00
2015-07-16 Upgrade Barclays Sell
2015-07-16 Upgrade Barclays PLC Sell
2015-07-07 Upgrade Credit Suisse Neutral to Outperform
2015-07-07 Reiterated Rating Deutsche Bank Buy $135.00 to $131.00
2015-07-02 Lower Price Target Brean Capital Buy $153.00 to $136.00
2015-06-30 Reiterated Rating Deutsche Bank Buy
2015-06-18 Reiterated Rating Morgan Stanley Underweight
2015-06-12 Reiterated Rating Susquehanna Neutral $115.00 to $103.00
2015-05-26 Reiterated Rating Sterne Agee CRT Buy $138.00 to $131.00
2015-05-18 Lower Price Target Goldman Sachs Buy $154.00 to $145.00
2015-05-16 Reiterated Rating Nomura Neutral
2015-05-15 Downgrade Barclays Overweight to Equal Weight $160.00 to $105.00
2015-05-04 Reiterated Rating Credit Suisse Neutral $125.00 to $115.00
2015-05-03 Reiterated Rating Janney Montgomery Scott Neutral $140.00 to $100.00
2015-04-29 Set Price Target Morgan Stanley Hold $130.00
2015-04-29 Lower Price Target Sterne Agee CRT Buy to Neutral $140.00 to $100.00
2015-04-29 Downgrade Susquehanna Positive to Neutral $159.00 to $115.00
2015-04-29 Lower Price Target Brean Capital Buy $174.00 to $153.00
2015-04-28 Downgrade Morgan Stanley In-Line
2015-04-28 Lower Price Target Susquehanna Positive $189.00 to $159.00
2015-04-27 Reiterated Rating Deutsche Bank Buy $156.00 to $135.00
2015-04-15 Downgrade Credit Suisse Underperform
2015-04-10 Reiterated Rating JPMorgan Chase & Co. Overweight
2015-03-27 Reiterated Rating Deutsche Bank Buy $170.00
2015-03-18 Initiated Coverage Brean Capital Buy $174.00
2015-03-18 Downgrade Credit Agricole Buy to Outperform
2015-03-16 Downgrade Morgan Stanley Overweight to Equal Weight $185.00 to $145.00
2015-03-02 Reiterated Rating Morgan Stanley Buy
2015-02-26 Lower Price Target Deutsche Bank Buy $176.00 to $170.00
2015-02-10 Downgrade Morningstar Buy to Hold
2015-02-10 Downgrade Morningstar Inc. Buy to Hold
2015-02-04 Lower Price Target Deutsche Bank Buy $180.00 to $176.00
2015-02-04 Lower Price Target FBR & Co. Market Perform $165.00 to $160.00
2015-02-04 Set Price Target Credit Suisse Neutral $178.00 to $150.00
2015-02-04 Lower Price Target FBR & Co Market Perform $165.00 to $160.00
2015-01-26 Set Price Target Janney Montgomery Scott Hold $150.00
2015-01-23 Lower Price Target Barclays Overweight $190.00 to $158.00
2015-01-22 Initiated Coverage Union Gaming Research Buy
2015-01-21 Downgrade Nomura Buy to Neutral $209.00 to $149.00
2015-01-09 Upgrade Morgan Stanley Equal Weight to Overweight $190.00
2015-01-08 Lower Price Target Deutsche Bank Buy $225.00 to $180.00
2014-12-10 Lower Price Target FBR & Co. Market Perform $195.00 to $165.00
2014-11-06 Initiated Coverage Rhino Trading Partners Sell $160.00
2014-10-30 Reiterated Rating Barclays Overweight $181.00 to $190.00
2014-10-30 Reiterated Rating Credit Suisse Neutral $220.00 to $210.00
2014-10-29 Reiterated Rating JPMorgan Chase & Co. Overweight $210.00 to $208.00
2014-10-29 Reiterated Rating Nomura Buy $211.00
2014-10-29 Reiterated Rating Deutsche Bank Buy
2014-10-14 Downgrade Bank of America Buy to Neutral $210.00 to $195.00
2014-09-24 Downgrade Bank of America Buy $260.00 to $210.00
2014-09-22 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-09-22 Downgrade Wells Fargo Outperform to Market Perform
2014-09-19 Reiterated FBR Capital Outperform $215 to $195
2014-09-19 Lower Price Target FBR & Co. Outperform $215.00 to $195.00
2014-09-18 Reiterated Rating JPMorgan Chase & Co. Overweight $239.00 to $210.00
2014-09-05 Downgrade Deutsche Bank Buy to Hold $9.00 to $8.50
2014-09-05 Downgrade Argus Buy to Hold
2014-09-04 Reiterated Rating Deutsche Bank Buy $225.00 to $242.00
2014-08-15 Reiterated Rating Sterne Agee CRT Buy $260.00 to $245.00
2014-08-14 Downgrade Gabelli Buy to Hold
2014-08-07 Upgrade Craig Hallum Hold to Buy $244.00
2014-07-30 Reiterated Rating Nomura Buy $276.00 to $272.00
2014-07-30 Reiterated Rating Barclays Overweight $235.00 to $232.00
2014-07-29 Reiterated Rating Goldman Sachs Positive
2014-07-29 Reiterated Rating FBR & Co. Market Perform
2014-07-28 Lower Price Target Susquehanna Positive $239.00 to $232.00
2014-07-09 Lower Price Target JPMorgan Chase & Co. $249.00 to $243.00
2014-07-07 Reiterated Rating Barclays Overweight $240.00 to $235.00
2014-06-27 Initiated Coverage Buckingham Research Buy $255.00
2014-06-25 Lower Price Target FBR & Co. Market Perform $235.00 to $215.00
2014-06-23 Lower Price Target Susquehanna $268.00 to $239.00
2014-06-23 Reiterated Rating Deutsche Bank Buy $265.00 to $242.00
2014-06-18 Downgrade Morgan Stanley Equal Weight to Underweight
2014-06-09 Lower Price Target Telsey Advisory Group Not Rated $255.00 to $240.00
2014-05-12 Reiterated Rating Janney Montgomery Scott Positive
2014-05-02 Reiterated FBR Capital Mkt Perform $220 to $235
2014-05-02 Boost Price Target FBR & Co. Market Perform $220.00 to $235.00
2014-05-02 Boost Price Target Credit Suisse $195.00 to $220.00
2014-05-02 Boost Price Target Barclays $229.00 to $240.00
2014-05-02 Boost Price Target Deutsche Bank Buy $255.00 to $265.00
2014-05-02 Boost Price Target Telsey Advisory Group Not Rated $215.00 to $255.00
2014-05-02 Upgrade Sterne Agee CRT Neutral to Buy $260.00
2014-05-02 Boost Price Target JPMorgan Chase & Co. Overweight $246.00 to $249.00
2014-04-07 Boost Price Target Barclays Overweight $226.00 to $229.00
2014-04-04 Boost Price Target JPMorgan Chase & Co. Overweight $232.00 to $246.00
2014-03-19 Boost Price Target Susquehanna $235.00 to $268.00
2014-03-18 Initiated Coverage Ascendiant Capital Markets Hold
2014-03-12 Boost Price Target Citigroup Inc. Buy $222.00 to $277.00
2014-02-03 Boost Price Target Morgan Stanley $212.00 to $227.00
2014-02-03 Boost Price Target Goldman Sachs $238.00 to $250.00
2014-01-31 Reiterated Rating FBR & Co. Hold
2014-01-31 Boost Price Target JPMorgan Chase & Co. $229.00 to $232.00
2014-01-31 Boost Price Target Deutsche Bank Buy $249.00 to $255.00
2014-01-31 Boost Price Target Credit Suisse Neutral $165.00 to $195.00
2014-01-31 Boost Price Target Barclays Overweight $223.00 to $226.00
2014-01-14 Boost Price Target Susquehanna $195.00 to $235.00
2014-01-13 Boost Price Target Bank of America Buy $240.00
2014-01-10 Boost Price Target FBR & Co. Market Perform $175.00 to $220.00
2014-01-07 Reiterated Rating Nomura Buy $244.00 to $215.00
2014-01-06 Upgrade Citigroup Inc. Neutral to Buy $168.00 to $222.00
2013-12-20 Initiated Coverage Argus Buy $210.00
2013-12-18 Boost Price Target Goldman Sachs $201.00
2013-11-20 Reiterated Rating Deutsche Bank Buy $195.00 to $191.00
2013-11-13 Initiated Coverage FBR & Co. Market Perform $175.00
2013-10-28 Boost Price Target Evercore ISI Neutral $153.00 to $166.00
2013-10-25 Boost Price Target RBC Capital Outperform $176.00 to $182.00
2013-10-25 Boost Price Target JPMorgan Chase & Co. Overweight $183.00 to $186.00
2013-10-25 Boost Price Target Cantor Fitzgerald Buy $162.00 to $193.00
2013-10-25 Boost Price Target Deutsche Bank Buy $190.00 to $195.00
2013-10-25 Downgrade Craig Hallum Buy to Hold $160.00 to $175.00
2013-10-25 Reiterated Rating Janney Montgomery Scott Buy to Fair Value $190.00 to $215.00
2013-10-23 Boost Price Target Susquehanna Positive $155.00 to $195.00
2013-10-16 Reiterated Rating Morgan Stanley Equal Weight $140.00 to $167.00
2013-10-16 Reiterated Rating Barclays Overweight $150.00 to $176.00
2013-10-11 Boost Price Target JPMorgan Chase & Co. Overweight $155.00 to $183.00
2013-10-04 Downgrade Credit Suisse Outperform to Neutral $149.00 to $160.00
2013-09-19 Boost Price Target Nomura Buy $155.00 to $178.00
2013-09-17 Boost Price Target RBC Capital Outperform $153.00 to $159.00
2013-09-16 Downgrade Evercore ISI Buy to Neutral $147.00 to $149.00
2013-04-26 Reiterated RBC Capital Mkts Outperform $133 to $149
2013-04-26 Reiterated Cantor Fitzgerald Buy $151 to $163
2013-02-01 Upgrade Janney Neutral to Buy
2016-06-29 Reiterated Rating Morgan Stanley Overweight
2016-06-26 Reiterated Rating Deutsche Bank Hold
2016-06-26 Reiterated Rating Deutsche Bank AG Hold
2016-06-04 Reiterated Rating Wells Fargo Hold
2016-06-04 Reiterated Rating Wells Fargo & Co. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WYNN ELAINE P 9.41%  (9539077) ATVI / WYNN /
MADDOX MATT CFO, Treasurer 0.39%  (391204) WYNN /
STRZEMP JOHN EVP, Chief Administrative Ofc 0.22%  (218323) WYNN /
Sinatra Kimmarie SVP/General Counsel/Secretary 0.21%  (210334) WYNN /
SCHORR MARC D Chief Operating Officer 0.14%  (145125) WYNN /
Chen Linda Pres, Wynn Int\'l Marketing 0.10%  (105897) WYNN /
WAYSON DANIEL BOONE 0.09%  (94162) WYNN /
IRANI RAY R 0.06%  (61662) OXY / WYNN /
Billings Craig Scott CFO and Treasurer 0.06%  (55765) WYNN /
MORAN JOHN A 0.04%  (37500) WYNN /
Cootey Stephen Lawrence CFO, SVP and Treasurer 0.02%  (20609) WYNN /
MILLER ROBERT JOS 0.01%  (9162) IGT / WYNN /
SHOEMAKER ALVIN V 0.01%  (9162) HUN / WYNN /
ZEMAN ALLAN 0.01%  (7500) WYNN /
VIRTUE J EDWARD 0.01%  (6662) WYNN /
GOLDSMITH RUSSELL D 0.01%  (6500) CYN / WYNN /
Mulroy Patricia 0.01%  (5785) WYNN /