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New Lifetime High For Wynn Resorts (WYNN)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Wynn Resorts ( WYNN) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Wynn Resorts as such a stock due to the following factors:

  • WYNN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $562.5 million.
  • WYNN has traded 12,270 shares today.
  • WYNN is trading at a new lifetime high.

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More details on WYNN:

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The stock currently has a dividend yield of 2.2%. WYNN has a PE ratio of 29.1. Currently there are 10 analysts that rate Wynn Resorts a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Wynn Resorts has been 1.6 million shares per day over the past 30 days. Wynn has a market cap of $22.5 billion and is part of the services sector and leisure industry. The stock has a beta of 1.51 and a short float of 4.9% with 1.30 days to cover. Shares are up 14.5% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Wynn Resorts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.8%. Since the same quarter one year prior, revenues rose by 17.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 90.90% and other important driving factors, this stock has surged by 75.75% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, WYNN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • WYNN RESORTS LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, WYNN RESORTS LTD increased its bottom line by earning $7.17 versus $4.81 in the prior year. This year, the market expects an improvement in earnings ($8.00 versus $7.17).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 92.0% when compared to the same quarter one year prior, rising from $111.37 million to $213.88 million.
  • 38.61% is the gross profit margin for WYNN RESORTS LTD which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 14.07% trails the industry average.

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