Research Reports Coverage on Resorts & Casinos Stocks -- Wynn Resorts, Penn National Gaming, ILG Inc., and Boyd Gaming
NEW YORK, May 24, 2017 /PRNewswire/ --
Pre-market, Stock-Callers.com navigates the Resorts and Casinos industry, which is comprised of companies operating standalone resorts, casinos, or a combination of both. Lined up for review this morning are: Wynn Resorts Ltd (NASDAQ: WYNN), Penn National Gaming Inc. (NASDAQ: PENN), ILG Inc. (NASDAQ: ILG), and Boyd Gaming Corp. (NYSE: BYD). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Wynn Resorts
Nevada-based Wynn Resorts Ltd.'s stock finished Tuesday's session 0.81% lower at $124.15 with a total trading volume of 1.91 million shares. Over the last month and the previous three months, the Company's shares have advanced 7.42% and 31.03%, respectively. Additionally, the stock has gained 43.51% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 5.60% and 22.64%, respectively. Moreover, shares of Wynn Resorts, which develops, owns, and operates destination casino resorts, have a Relative Strength Index (RSI) of 55.74.
On April 26th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $110 a share to $145 a share.
On May 11th, 2017, Wynn Resorts announced the initial settlement of the previously announced cash tender offer by its subsidiary Wynn Las Vegas, LLC, for any and all of the 5.375% First Mortgage Notes due 2022 issued by the latter and Wynn Las Vegas Capital Corp. At the expiration time of the tender offer on May 10th, 2017, valid tenders had been received with respect to approximately $497.5 million of the $900 million aggregate principal amount of 2022 notes outstanding. Your complete research report on WYNN can be retrieved for free at:
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Penn National Gaming
Shares in Pennsylvania-based Penn National Gaming Inc. declined 0.51%, ending yesterday's session at $19.57 with a total trading volume of 625,646 shares. The stock has gained 4.88% in the past month, 36.76% in the previous three months, and 41.91% on an YTD basis. The Company's shares are trading 7.83% above their 50-day moving average and 31.06% above their 200-day moving average. Moreover, shares of Penn National Gaming, which owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment, have an RSI of 60.23.
On April 27th, 2017, the Company reported operating results for the three months ended March 31st, 2017. The Company reported Q1 2017 net revenues of $776.2 million, net income of $5.1 million, adjusted EBITDA after Master Lease payments of $109.3 million, and diluted EPS per common shares of $0.06. The Company also reduced total traditional debt, net of cash, by approximately $22 million from 2016 year-end levels during the quarter. A free report on PENN is just a click away at:
http://stock-callers.com/registration/?symbol=PENN
ILG Inc.
On Tuesday, Florida headquartered ILG Inc.'s stock rose 0.04%, to close the day at $26.96. A total volume of 791,872 shares was traded. The Company's shares have advanced 16.66% in the last one month, 41.30% in the previous three months, and 48.38% on an YTD basis. The stock is trading 19.90% and 42.25% above its 50-day and 200-day moving averages, respectively. Additionally, shares of ILG, which together with its subsidiaries, provides non-traditional lodging covering a portfolio of leisure businesses from vacation exchange and rental to vacation ownership, have an RSI of 82.97.
On May 18th, 2017, Interval International, an operating business of ILG Inc., announced the addition of the new, shared ownership component at the Messapia Hotel & Resort. Located on the eastern coast of Puglia's Salento Peninsula, the property sits on more than 12 acres overlooking the seaside town of Santa Maria di Leuca. Sign up for your complimentary research report on ILG at:
http://stock-callers.com/registration/?symbol=ILG
Boyd Gaming
Shares in Nevada headquartered Boyd Gaming Corp. ended the day 0.71% lower at $25.04. A total volume of 876,547 shares was traded. The stock has gained 11.14% in the last one month, 25.07% in the previous three months, and 24.14% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 11.40% and 23.32%, respectively. Furthermore, shares of Boyd Gaming, which together with its subsidiaries, operates as a multi-jurisdictional gaming company, have an RSI of 66.85.
On May 02nd, 2017, Boyd Gaming reported Q1 2017 net revenues of $605.3 million; income from continuing operations, net of tax, of $35.1 million; net income, including discontinued operations, of $35.5 million; total adjusted EBITDA of $155.8 million; and adjusted earnings of $37.5 million. The Company also had cash on hand of $167.0 million and total debt of $3.26 billion, as of March 31st, 2017. Register for free on Stock-Callers.com and download the latest research report on BYD at:
http://stock-callers.com/registration/?symbol=BYD
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