Wyndham Worldwide Corp (WYN) Expected to Announce Quarterly Sales of $1.67 Billion
Equities research analysts predict that Wyndham Worldwide Corp (NYSE:WYN) will announce $1.67 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Wyndham Worldwide Corp’s earnings. Wyndham Worldwide Corp posted sales of $1.57 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, October 25th.
On average, analysts expect that Wyndham Worldwide Corp will report full year sales of $1.67 billion for the current fiscal year, with estimates ranging from $5.84 billion to $5.91 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.13 billion per share, with estimates ranging from $6.02 billion to $6.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Wyndham Worldwide Corp.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.50 by $0.03. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis.
WYN has been the topic of several research reports. BidaskClub lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, June 28th. Finally, Buckingham Research began coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $102.63.
In other Wyndham Worldwide Corp news, Director George Herrera sold 323 shares of Wyndham Worldwide Corp stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $97.60, for a total value of $31,524.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.39% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in WYN. BlackRock Inc. boosted its holdings in shares of Wyndham Worldwide Corp by 2,799.1% in the 1st quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock valued at $548,141,000 after buying an additional 6,278,724 shares in the last quarter. FMR LLC raised its stake in shares of Wyndham Worldwide Corp by 88.5% during the 2nd quarter. FMR LLC now owns 9,483,756 shares of the company’s stock worth $952,263,000 after acquiring an additional 4,451,772 shares in the last quarter. Elliott Management Corp bought a new position in shares of Wyndham Worldwide Corp during the 2nd quarter worth approximately $80,329,000. TIAA CREF Investment Management LLC raised its stake in shares of Wyndham Worldwide Corp by 150.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock worth $99,187,000 after acquiring an additional 707,223 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Wyndham Worldwide Corp by 2,145.9% during the 2nd quarter. Bank of Nova Scotia now owns 543,207 shares of the company’s stock worth $54,542,000 after acquiring an additional 519,020 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.
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Shares of Wyndham Worldwide Corp (NYSE:WYN) opened at 105.28 on Wednesday. The stock has a 50 day moving average of $100.52 and a 200-day moving average of $97.62. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.61. The stock has a market capitalization of $10.82 billion, a P/E ratio of 19.39 and a beta of 1.36.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is currently 43.04%.
Wyndham Worldwide Corp Company Profile
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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