Wynn Resorts is a leading player in the gaming and hospitality industry, with a market capitalization of over $15 billion.
The company's focus on upscale gaming and entertainment has paid off, with revenue growth outpacing the industry average in recent years.
Wynn Resorts has a strong presence in the Macau market, accounting for around 20% of the region's total gaming revenue.
The company's luxury resorts, such as Encore at Wynn Las Vegas, have become a benchmark for the industry in terms of amenities and customer experience.
Financial Performance
Wynn Resorts' financial performance is a mixed bag, but one thing is clear: the company's cash-to-debt ratio is a meager 0.18. This means that for every dollar of debt, Wynn Resorts has only 18 cents in cash.
The company's equity-to-asset ratio is actually negative, at -0.02, which suggests that Wynn Resorts has more liabilities than assets. However, its debt-to-equity ratio is a staggering -47.64, indicating that the company's debt is significantly outweighed by its equity.
Wynn Resorts' interest coverage ratio is a respectable 1.78, which suggests that the company has enough earnings to cover its interest payments. The Piotroski F-Score, a measure of financial health, is 8/9, indicating that Wynn Resorts is in good financial shape.
Price History & Performance
Wynn Resorts has seen its share price fluctuate significantly over the years, with a current price of $84.33.
The company's 52-week high was a notable $110.38, while the low was $71.63.
A beta of 1.77 indicates that Wynn Resorts' stock price is more volatile than the overall market.
In the past month, the stock price has dropped by 4.91%.
Over the past three months, the stock has declined by 14.38%.
In the past year, the stock has decreased by 11.22%.
Looking at the long-term, the stock has dropped by 4.38% over the past three years.
However, it's worth noting that the stock has still managed to increase by 548.19% since its initial public offering (IPO).
Here's a summary of Wynn Resorts' stock price performance over the past few years:
Financial Strength
Wynn Resorts' financial strength is a key factor to consider when evaluating the company's overall performance.
The company's cash-to-debt ratio is a relatively low 0.18, indicating that Wynn Resorts relies heavily on debt to fund its operations.
A cash-to-debt ratio of 0.18 suggests that the company may struggle to meet its debt obligations in the event of a financial downturn.
Wynn Resorts' equity-to-asset ratio is a negative -0.02, which is not uncommon for companies with significant debt levels.
However, the company's debt-to-equity ratio of -47.64 indicates that Wynn Resorts has a significant amount of debt relative to its equity.
A debt-to-EBITDA ratio of 6.6 suggests that Wynn Resorts' debt is manageable relative to its earnings before interest, taxes, depreciation, and amortization.
The company's interest coverage ratio of 1.78 indicates that Wynn Resorts' earnings are sufficient to cover its interest payments.
Here is a summary of Wynn Resorts' key financial ratios:
The Piotroski F-Score is 8 out of 9, indicating that Wynn Resorts has a strong fundamental profile.
The Altman Z-Score is 1.12, which is in the "Safe" category, indicating that the company is unlikely to go bankrupt.
The Beneish M-Score is -1.73, which indicates that Wynn Resorts is unlikely to be involved in accounting manipulation.
Earnings Release Date
Wynn Resorts has announced its earnings release dates for both the fourth and third quarters of 2024.
The company will release its financial results for the fourth quarter ended December 31, 2024 after the market closes.
We can expect to see the company's financial results for the third quarter ended September 30, 2024 after the market closes as well.
These earnings release dates provide valuable information for investors and analysts to assess Wynn Resorts' financial performance.
Keep in mind that the company will release its financial results after the market closes, which is a common practice in the industry.
Wynn Resorts' financial performance will be closely watched, especially considering the challenges it faces, including a $120m fine for unregistered money transfers.
Earnings and Outlook
Wynn Resorts has announced its earnings release dates for the fourth and third quarters of 2024, with the fourth quarter results released after the market close and the third quarter results also released after the market close.
The company's financial results for the third quarter of 2024 missed analysts' estimates, with its Las Vegas operations slowing down. This led to a significant drop in shares of Wynn Resorts.
Despite missing estimates, Wynn Resorts remains fundamentally strong, and its stock price drop may present a buying opportunity.
Fourth Quarter Earnings Release Date
Wynn Resorts announced its fourth quarter earnings release date for the period ended December 31, 2024. This date will be after the market close, as is typical for such announcements.
The company's financial results will be available on the NASDAQ exchange under the ticker symbol WYNN.
Stock Plunges on Earnings Miss
Shares of Wynn Resorts slumped after the company posted third-quarter results that missed analysts' estimates.
The hotel and casino operator's Las Vegas operations slowed, contributing to the disappointing earnings.
Wynn Resorts' recent price drop may present a buying opportunity, despite soft Q3 earnings, as the company remains fundamentally strong.
Buying assets cheaply insulates against market volatility, which could be a smart move for investors.
Frequently Asked Questions
Is WYNN stock a good buy now?
WYNN stock may be a good buy now due to its undervalued status and potential to outperform the market. However, its growth prospects are somewhat limited, making it a mixed investment opportunity.
Did Wynn Resorts stock split?
No, Wynn Resorts (WYNN) has not had any stock splits in its history. An initial investment of 1000 shares remains 1000 shares today.
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