WYNN - Wynn Resorts, Limited

NasdaqGS - NasdaqGS Real-time price. Currency in USD
105.33
-4.80 (-4.36%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close110.13
Open108.98
Bid104.90 x 900
Ask107.25 x 1000
Day's range103.71 - 109.50
52-week range90.06 - 151.93
Volume2,702,829
Avg. volume1,923,859
Market cap11.335B
Beta (3Y monthly)1.74
PE ratio (TTM)13.87
EPS (TTM)7.60
Earnings date5 Nov 2019 - 11 Nov 2019
Forward dividend & yield4.00 (3.63%)
Ex-dividend date2019-08-15
1y target est138.60
Trade prices are not sourced from all markets
  • Amazon, Swatch, Daimler and the Risks of a Global Recession
    Bloomberg

    Amazon, Swatch, Daimler and the Risks of a Global Recession

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Investors are bracing for a significant downturn in the world economy, cutting earnings estimates amid a market sell-off. While all cyclical industries face some form of risks, some companies within each sector are more vulnerable than others as the outlook deteriorates.In recent recessions, technology and finance were the triggers -- the internet bubble caused the 2000 market crash and subprime lending led to the 2008-2009 global financial crisis that spread to housing, manufacturing and consumer demand.“The financial sector was leading in 2002-2007. In this cycle, it’s the tech sector,” said Bloomberg Chief Equity Strategist Gina Martin Adams. Still, she cautioned that in spite of the warning signs, it may be too early to predict a recession, adding that “tech is the strength of the economy.”Here are five global companies that may stand to lose more than others:AmazonAmazon.com Inc. is among the most cyclical U.S. internet companies because the Seattle-based e-commerce giant relies heavily on consumer spending. It’s also been building its employee base, adding more than 600,000 jobs and hundreds of huge warehouses to store and ship products. Some of those costs are fixed, while others may be hard to reduce quickly if there’s a steep economic decline. It also faces regulatory risks.“Amazon’s near-term growth may be at risk as macroeconomic conditions worsen, regulatory scrutiny rises and spending cycles spark concern,” Jitendra Waral and April Kim, analysts at Bloomberg Intelligence, wrote in a recent note. “If demand were to slow amid Amazon’s increased spending on logistics, profit would face a double whammy.”One of Amazon’s fastest-growing new businesses -- digital advertising -- is also susceptible to economic ups and downs. Still, Amazon is riding a broad e-commerce growth trend that is unlikely to reverse during a recession.SwatchMakers of luxury items tend to endure more risks in a recession than producers of mass-market consumer goods. This time around, the effects would be compounded by U.S.-China trade tensions and protests in Hong Kong, which has already hurt the city’s economic outlook.Swatch Group AG, the biggest maker of Swiss timepieces, has more exposure to Hong Kong than any other luxury company, generating more than a third of the group’s sales in the Greater China region, according to Kepler Cheuvreux analyst Jon Cox. The maker of Omega watches also has a smaller presence in the steadier luxury categories of jewelry and fashion than rival Richemont, which owns brands including Chloe, Van Cleef & Arpels and Cartier.The high-end segment has also been far less elastic in a downturn. In 2009, Swiss watch exports slumped 22% amid the financial crisis.So far, the economic slowdown in China has done little to damp the appetite of Chinese consumers for luxury goods. But watchmakers are feeling the effects of the sometimes violent demonstrations in Hong Kong, their largest export market. Timepiece sales there could plunge as much as 40% in the second half, Cox said.Swatch also faces sluggish watch sales in Europe. If the U.S. takes a turn for the worse, the industry could be hit by a reversal of the recovery in its second-biggest market.Swatch ExportsDaimlerThe German corporate giant just doesn’t just face a slowdown in its home market -- it also has substantial exposure to a potential downturn in the U.S. The automaker produces two high-margin SUVs in Alabama and its Freightliner division is the leader in the North American heavy-truck market. Demand for transportation of goods tends to closely mirror broader economic swings and analysts say heavy-truck sales in the region have peaked following years of robust growth.Daimler AG relies on the U.S. for about a quarter of the group’s revenue last year. That’s more than Germany or China, where it operates a joint venture with BAIC.After two back-to-back profit warnings following their debut in May, Daimler’s new leadership duo has vowed to improve efficiency. Profitability at the Mercedes-Benz passenger-car division has been sub-par compared with its peers, and the car unit is up against waning demand in its two biggest markets by volume: China and the U.S.CaesarsAn economic downturn could be particularly ill-timed for Caesars Entertainment Corp. The largest owner of casinos in the U.S. is about to increase its debt load again to finance a megadeal, after struggling for years to recover from a 2008 leveraged buyout that left it saddled with debt at the height of the Great Recession. (Caesars ended up putting its largest division into bankruptcy to clean up its balance sheet.)Caesars is set to merge with Eldorado Resorts Inc. early next year in a deal that involves $8.2 billion in new financing, amid rising competition from new casinos, both online and at its properties. Unlike some of its peers that focus more on luxury, such as Wynn Resorts Ltd., Caesars operates a lot of casinos in small markets including Tunica, Mississippi, and Metropolis, Illinois. Combined with Eldorado, it will have 60 owned, operated and managed casino–resorts across 16 states.And even the Las Vegas Strip, once considered invincible as a gambling destination, has yet to see casino revenue return to its 2007 high.Toll BrothersA major economic slowdown would almost certainly hit home sales and prices for builders like Toll Brothers Inc. “If we do go into a recession, housing isn’t going to be the cause,” said Drew Reading, an analyst at Bloomberg Intelligence. “It’s going to be the victim.”The bigger challenge for the industry right now is affordability, especially in high-cost metros on the West Coast. Toll Brothers, the largest U.S. luxury homebuilder, has been trying to diversify geographically. But it’s still highly reliant on California, where it got nearly a third of its revenue last year.One the plus side: Single-family housing starts still haven’t returned to historical levels more than a decade after the financial crisis, which means homebuilders won’t be sitting on as much supply if the economy takes a turn for the worst.\--With assistance from Christoph Rauwald, Kevin Miller, Corinne Gretler, Noah Buhayar, Ian King, Christopher Palmeri and Alistair Barr.To contact the reporter on this story: Cécile Daurat in Wilmington at cdaurat@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Linus Chua, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Wynn Resorts Banks on Solid Macau & Las Vegas Performance
    Zacks

    Wynn Resorts Banks on Solid Macau & Las Vegas Performance

    Wynn Resorts' (WYNN) focus on non-gaming business and strength in domestic market bode well.

  • Motley Fool

    Las Vegas Is a Highlight for Wynn Resorts' Quarter

    Growth in Las Vegas and the opening of Encore Boston Harbor are driving growth for Wynn Resorts.

  • How to Invest in Casino Stocks
    Motley Fool

    How to Invest in Casino Stocks

    There are lots of ways to bet on the casino industry.

  • IGT vs. WYNN: Which Stock Should Value Investors Buy Now?
    Zacks

    IGT vs. WYNN: Which Stock Should Value Investors Buy Now?

    IGT vs. WYNN: Which Stock Is the Better Value Option?

  • Wynn Resorts' (WYNN) Q2 Earnings & Revenues Beat Estimates
    Zacks

    Wynn Resorts' (WYNN) Q2 Earnings & Revenues Beat Estimates

    Wynn Resorts' (WYNN) solid top-line performance in second-quarter 2019 can be attributed to robust performance by Wynn Palace, Wynn Macau and Las Vegas operations.

  • Wynn Resorts Ltd (WYNN) Q2 2019 Earnings Call Transcript
    Motley Fool

    Wynn Resorts Ltd (WYNN) Q2 2019 Earnings Call Transcript

    WYNN earnings call for the period ending June 30, 2019.

  • Wynn Resorts (WYNN) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    Wynn Resorts (WYNN) Surpasses Q2 Earnings and Revenue Estimates

    Wynn (WYNN) delivered earnings and revenue surprises of 1.41% and 4.10%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Wynn Resorts, Limited Reports Second Quarter 2019 Results

    Wynn Resorts, Limited today reported financial results for the quarter ended June 30, 2019.

  • Wynn Resorts Earnings, Revenue Beat in Q2
    Investing.com

    Wynn Resorts Earnings, Revenue Beat in Q2

    Investing.com - Wynn Resorts (NASDAQ:WYNN) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.

  • Disney, Papa John’s earnings — What to know in markets Tuesday
    Yahoo Finance

    Disney, Papa John’s earnings — What to know in markets Tuesday

    Media behemoth Disney and pizza chain Papa John’s are both scheduled to release quarterly results after the market close Tuesday.

  • Zacks

    Should You Buy Wynn (WYNN) Ahead of Earnings?

    Wynn (WYNN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Earnings, trade war — What to know in the week ahead
    Yahoo Finance

    Earnings, trade war — What to know in the week ahead

    This week investors will be focused on the last wave of big earnings reports, as well as new trade war developments.

  • Wynn Resorts (WYNN) Gears Up for Q2 Earnings: A Beat in Store?
    Zacks

    Wynn Resorts (WYNN) Gears Up for Q2 Earnings: A Beat in Store?

    Wynn Resorts' (WYNN) second-quarter 2019 results are likely to be impacted Wynn Macau's dismal performance.

  • What's in Store for Caesars Entertainment (CZR) Q2 Earnings?
    Zacks

    What's in Store for Caesars Entertainment (CZR) Q2 Earnings?

    Caesars Entertainment's (CZR) top line in second-quarter fiscal 2019 is likely to be driven by robust consumer demand environment in Las Vegas and the company's focus on operation execution.

  • High Royalty Rate to Aid Planet Fitness (PLNT) in Q2 Earnings
    Zacks

    High Royalty Rate to Aid Planet Fitness (PLNT) in Q2 Earnings

    Planet Fitness' (PLNT) consistent focus on partnership and international expansion is likely to drive growth in the second quarter of 2019.

  • Business Wire

    Wynn Resorts Announces Second Quarter Earnings Release Date

    Wynn Resorts, Limited announced today that it will release the Company’s financial results for the second quarter ended June 30, 2019 after the market close on Tuesday, August 6, 2019, followed by a conference call at 1:30 p.m.

  • Factors Setting the Tone for Marriott's (MAR) Q2 Earnings
    Zacks

    Factors Setting the Tone for Marriott's (MAR) Q2 Earnings

    Marriott's (MAR) top line in second-quarter 2019 quarter is likely to be driven by a surge in franchise fees and base management fees.

  • Wynn Resorts' Las Vegas Growth Plan Looks Steady, Not Flashy
    Motley Fool

    Wynn Resorts' Las Vegas Growth Plan Looks Steady, Not Flashy

    Gambling revenues aren't increasing in Vegas overall, but there are other ways to boost the bottom line.

  • High Administrative Costs to Hurt Hyatt (H) in Q2 Earnings
    Zacks

    High Administrative Costs to Hurt Hyatt (H) in Q2 Earnings

    While solid unit growth is likely to aid Hyatt's (H) revenues in the second quarter of 2019, earnings may suffer.

  • MGM Resorts (MGM) Earnings & Revenues Miss Estimates in Q2
    Zacks

    MGM Resorts (MGM) Earnings & Revenues Miss Estimates in Q2

    MGM Resorts' (MGM) second-quarter 2019 revenues gain from a robust performance by MGM China despite missing estimates.

  • Gaming Segment to Aid Churchill Downs (CHDN) in Q2 Earnings
    Zacks

    Gaming Segment to Aid Churchill Downs (CHDN) in Q2 Earnings

    Strong gaming portfolio and acquisition benefits are likely to reflect in Churchill Downs' (CHDN) earnings results for the second quarter of 2019.

  • Wynn Resorts' Growth Plan in Macau
    Motley Fool

    Wynn Resorts' Growth Plan in Macau

    The casino floor is only part of the equation.

  • Buy Las Vegas Sands (LVS) Stock Ahead of Q2 Earnings?
    Zacks

    Buy Las Vegas Sands (LVS) Stock Ahead of Q2 Earnings?

    Las Vegas Sands (LVS) is set to report its second quarter earnings later this week.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes