Wyndham Worldwide Corp (WYN) Expected to Post Quarterly Sales of $1.67 Billion
Wall Street brokerages forecast that Wyndham Worldwide Corp (NYSE:WYN) will post $1.67 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Wyndham Worldwide Corp’s earnings. Wyndham Worldwide Corp reported sales of $1.57 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The business is expected to announce its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that Wyndham Worldwide Corp will report full-year sales of $1.67 billion for the current financial year, with estimates ranging from $5.84 billion to $5.91 billion. For the next financial year, analysts anticipate that the business 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 an average based on a survey of research analysts that that provide coverage for Wyndham Worldwide Corp.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS.
WYN has been the topic of a number of research analyst reports. Buckingham Research initiated coverage on shares of Wyndham Worldwide Corp in a research note on Monday, June 19th. They issued a “buy” rating and a $114.00 target price on the stock. Zacks Investment Research cut shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. BidaskClub cut shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Telsey Advisory Group cut shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Wyndham Worldwide Corp has a consensus rating of “Hold” and an average price target of $99.22.
Wyndham Worldwide Corp (NYSE WYN) traded up 1.38% on Monday, reaching $99.68. 1,175,245 shares of the company’s stock traded hands. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 18.36 and a beta of 1.34. Wyndham Worldwide Corp has a 52-week low of $62.60 and a 52-week high of $106.50. The company’s 50 day moving average is $101.01 and its 200-day moving average is $94.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is currently 43.04%.
In other news, Director George Herrera sold 323 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were 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. Insiders own 2.39% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its stake in Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the period. TrimTabs Asset Management LLC raised its stake in Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the period. Dubuque Bank & Trust Co. raised its stake in Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in Wyndham Worldwide Corp during the second quarter valued at about $158,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Wyndham Worldwide Corp by 26.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after buying an additional 338 shares during the period. 94.81% of the stock is currently owned by institutional investors.
About Wyndham Worldwide Corp
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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