Wyndham Worldwide Corp. (WYN) Releases FY13 Earnings Guidance
Wyndham Worldwide Corp. (NYSE:WYN) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.78-3.80 for the period, compared to the Thomson Reuters consensus estimate of $3.76, AnalystRatings.Net reports. The company issued revenue guidance of $4.925-5.10 billion, compared to the consensus revenue estimate of $4.96 billion.Wyndham Worldwide Corp. also updated its FY14 guidance to $4.12-4.22 EPS.
A number of research firms have recently commented on WYN. Analysts at JPMorgan Chase & Co. raised their price target on shares of Wyndham Worldwide Corp. from $70.00 to $78.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. On a related note, analysts at McLean Capital Management downgraded shares of Wyndham Worldwide Corp. from a neutral rating to a sell rating in a research note to investors on Friday, October 11th. Finally, analysts at Zacks downgraded shares of Wyndham Worldwide Corp. from an outperform rating to a neutral rating in a research note to investors on Tuesday, September 24th. They now have a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $70.27.
Wyndham Worldwide Corp. (NYSE:WYN) opened at 65.36 on Wednesday. Wyndham Worldwide Corp. has a 1-year low of $47.95 and a 1-year high of $65.30. The stock’s 50-day moving average is $60.79 and its 200-day moving average is $60.86. The company has a market cap of $8.693 billion and a P/E ratio of 22.84. Wyndham Worldwide Corp. also saw unusually large options trading on Monday. Investors acquired 14,207 put options on the stock. This is an increase of approximately 1,828% compared to the average volume of 737 put options.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.36 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that Wyndham Worldwide Corp. will post $3.75 earnings per share for the current fiscal year.
Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers an array of hospitality services and products across various accommodation alternatives and price ranges through its portfolio of brands.
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