Travel & Tourism Industry release:
If you want a Stock Review on WYNN, BYD, CCL, or LQ then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Companies in the Hotel/Gaming Industry may be divided into two categories: those that operate strictly in the hospitality market, and those running resorts and/or gaming businesses. Pre-market today, DailyStockTracker.com focuses on four Resorts and Casinos stocks, particularly: Wynn Resorts Ltd (NASDAQ: WYNN), Boyd Gaming Corp. (NYSE: BYD), Carnival Corp. (NYSE: CCL), and La Quinta Holdings Inc. (NYSE: LQ). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at:
Las Vegas, Nevada-based Wynn Resorts Ltd’s stock finished Tuesday’s session 0.12% lower at $130.07 with a total trading volume of 1.79 million shares. Over the previous three months and since the start of this year, the Company’s shares have advanced 5.35% and 50.35%, respectively. The stock is trading above its 200-day moving average by 17.98%. Moreover, shares of Wynn Resorts, which develops, owns, and operates destination casino resorts, have a Relative Strength Index (RSI) of 48.83.
On July 25th, 2017, Wynn Resorts reported financial results for Q2 ended June 30th, 2017. Net revenues for Q2 2017 were $1.53 billion, GAAP net income was $74.9 million, adjusted net income was $120.9 million, and adjusted property EBITDA was $430.0 million. Cash, cash equivalents, restricted cash, and investment securities were $2.80 billion at June 30th, 2017.
On July 26th, 2017, research firm Telsey Advisory Group downgraded the Company’s stock rating from ‘Outperform’ to ‘Market Perform’, with a target price of $150 per share. Your complete research report on WYNN can be retrieved for free at:
Shares in Las Vegas, Nevada headquartered Boyd Gaming Corp. declined 1.39%, ending yesterday’s session at $26.30. A total volume of 1.28 million shares was traded, which was above their three months average volume of 1.22 million shares. The stock has gained 4.45% in the past month, 6.91% in the previous three months, and 30.39% on an YTD basis. The Company’s shares are trading 3.69% above their 50-day moving average and 20.18% above their 200-day moving average. Moreover, shares of Boyd Gaming, which together with its subsidiaries, operates as a multi-jurisdictional gaming company, has an RSI of 58.65.
On July 27th, 2017, Boyd Gaming reported financial results for Q2 ended June 30th, 2017. Net revenues for the quarter were $599.9 million, income from continuing operations was $27.6 million, and total adjusted EBITDA was $151.2 million. As of June 30th, 2017, the Company had cash on hand of $163.0 million and total debt of $3.19 billion.
On July 28th, 2017, research firm Telsey Advisory Group reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $29 a share to $30 a share. A free report on BYD is just a click away at:
On Tuesday, Miami, Florida headquartered Carnival Corp.’s stock climbed 0.04%, to close the day at $68.03. A total volume of 3.55 million shares was traded, which was above their three months average volume of 2.96 million shares. The Company’s shares have advanced 3.33% in the last one month, 7.61% in the previous three months, and 30.68% on an YTD basis. The stock is trading 3.34% and 17.34% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Carnival, which operates as a leisure travel and cruise company, have an RSI of 65.89.
On July 19th, 2017, Carnival announced that Jason Glen Cahilly, former Chief Strategic and Financial Officer of the National Basketball Association, has been appointed to the Company’s Boards of Directors, effective immediately. The announcement was made following the quarterly meeting of the Company’s Boards of Directors on July 18th, 2017, in Venice, Italy. Sign up for your complimentary research report on CCL at:
Shares in Irving, Texas headquartered La Quinta Holdings Inc. ended the day 1.31% higher at $15.50. A total volume of 1.38 million shares was traded, which was above their three months average volume of 1.06 million shares. The stock has gained 7.04% in the last one month, 14.73% in the previous three months, and 9.08% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 5.78% and 13.53%, respectively. Furthermore, shares of La Quinta, which owns, operates, and franchises select-service hotels under the La Quinta brand, have an RSI of 68.88.
On August 07th, 2017, La Quinta reported results for the quarter ended June 30th, 2017. Net income for Q2 2017 was $16.8 million, adjusted net income was $20.4 million, and total adjusted EBITDA was $100.9 million. For Q2 2017, the Company grew system-wide comparable RevPAR 1.9% over the same period of 2016, driven by 3.0% growth in its franchise locations and 0.6% growth in its owned hotels.
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