NEW YORK, November 7, 2016 /PRNewswire/ --
Improved consumer spending and a decline in unemployment rate have helped the U.S. Resorts and Casinos space break out of a cold streak this year, and now operators are looking to explore new markets as a number of competitors are emerging in states not traditionally associated with gaming. Pre-market, Stock-Callers.com looks into the most recent performances of four industry players to see where they are positioned in the market today: Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts Ltd (NASDAQ: WYNN), Pinnacle Entertainment Inc. (NASDAQ: PNK), and Isle of Capri Casinos Inc. (NASDAQ: ISLE). You can access of our complimentary research reports on these stocks now at:
Las Vegas Sands
Nevada-based Las Vegas Sands Corp.'s shares finished last Friday's session 4.12% higher at $59.08. A total volume of 7.77 million shares was traded, which was above their three months average volume of 3.77 million shares. The stock has gained 0.48% in the last month, 17.41% over the previous three months, and 40.47% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 4.63% and 21.01%, respectively. Moreover, shares of the company, which together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the US, have a Relative Strength Index (RSI) of 58.62.
On November 03rd, 2016, the company reported that net revenue for Q3 2016 increased 2.6% to $2.97 billion compared to $2.89 billion in Q3 2015. The company's net income decreased 2.1% to $605.5 million in Q3 2016 compared to $618.2 million in Q3 2015.
On November 04th, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $50 a share to $60 a share. Visit us today and download your complete report on LVS for free at:
Shares in Nevada-based Wynn Resorts Ltd ended the day 0.58% higher at $88.04. A total volume of 3.21 million shares was traded, which was higher than their three months average volume of 3.13 million shares. The stock has advanced 29.40% since the start of this year. Shares of the Company, which together with its subsidiaries, develops, owns, and operates destination casino resorts, are trading 3.55% below their 200-day moving average. Moreover, Wynn Resorts' stock has an RSI of 35.40.
On November 02nd, 2016, Wynn resorts reported net revenues of $1.11 billion for Q3 2016, an increase of 11.4%, or $113.5 million, from $996.3 million in Q3 2015. On GAAP basis, net loss attributable to Wynn Resorts was $17.4 million, or $0.17 per diluted share, for Q3 2016 a decrease of 118.1%, from net income attributable to Wynn Resorts $96.2 million, for Q3 2015. Adjusted Property EBITDA was $305.4 million in Q3 2016, up 9.1%, from $279.9 million in Q3 2015.
On November 03rd, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $115 a share to $105 a share. The complimentary research report on WYNN can be accessed at:
Nevada headquartered Pinnacle Entertainment Inc.'s shares gained 0.70%, closing the session at $11.52 and with a total trading volume of 266,995 shares. The stock has gained 6.37% in the previous three months and 9.71% on an YTD basis. The Company's shares are trading 0.81% above their 200-day moving average. Additionally, shares of Pinnacle Entertainment, which engages in ownership, operation, and development of casinos and related hospitality and entertainment businesses, have an RSI of 31.24.
On October 27th, 2016, Pinnacle Entertainment announced that it will release its Q3 2016 financial results on November 10th, 2016, prior to the market opening, followed by a conference call on the same day at 10:00 a.m. ET. Register for free on Stock-Callers.com and download the PDF research report on PNK at:
Isle of Capri Casinos
On Friday, shares in St. Louis, Missouri-based Isle of Capri Casinos Inc. closed the session 0.05% higher at $20.33 with a total trading volume of 233,790 shares. The stock has gained 11.76% over the previous three months and 45.94% on an YTD basis. The Company's shares are trading above their 200-day moving average by 22.90%. Furthermore, shares of Isle of Capri Casinos, which together with its subsidiaries, develops, owns, and operates branded gaming facilities and related dining, lodging, and entertainment facilities in the US, have an RSI of 41.10.
As per notes filed with the SEC on October 13th , 2016, Isle of Capri Casinos, and its wholly-owned subsidiary, Isle of Capri Marquette, entered into a stock purchase agreement with CQ Holding Company, Inc, pursuant to which with CQ Holding has agreed to purchase all of the outstanding capital stock of IOC-Marquette. Get free access to your research report on ISLE at:
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