Zacks: Brokerages Anticipate Wyndham Worldwide Corp (WYN) Will Announce Quarterly Sales of $1.47 Billion
Equities analysts predict that Wyndham Worldwide Corp (NYSE:WYN) will report $1.47 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wyndham Worldwide Corp’s earnings. The highest sales estimate is $1.49 billion and the lowest is $1.46 billion. Wyndham Worldwide Corp posted sales of $1.40 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, August 3rd.
On average, analysts expect that Wyndham Worldwide Corp will report full year sales of $1.47 billion for the current fiscal year, with estimates ranging from $5.84 billion to $5.94 billion. For the next year, analysts expect that the company will post sales of $6.12 billion per share, with estimates ranging from $6.02 billion to $6.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Wyndham Worldwide Corp.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, April 26th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Wyndham Worldwide Corp had a net margin of 11.70% and a return on equity of 85.08%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.
Several brokerages have recently commented on WYN. Zacks Investment Research lowered Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub lowered Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. MKM Partners restated a “buy” rating and set a $111.00 target price (up previously from $95.00) on shares of Wyndham Worldwide Corp in a report on Wednesday, April 26th. Buckingham Research started coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating for the company in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $93.40.
In other Wyndham Worldwide Corp news, EVP Thomas F. Anderson sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $100.06, for a total transaction of $500,300.00. Following the sale, the executive vice president now owns 24,043 shares in the company, valued at approximately $2,405,742.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 345 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $96.02, for a total value of $33,126.90. The disclosure for this sale can be found here. Corporate insiders own 2.39% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in shares of Wyndham Worldwide Corp during the second quarter worth approximately $1,213,000. Aperio Group LLC increased its position in shares of Wyndham Worldwide Corp by 18.9% in the second quarter. Aperio Group LLC now owns 65,640 shares of the company’s stock worth $6,591,000 after buying an additional 10,444 shares in the last quarter. James Investment Research Inc. increased its position in shares of Wyndham Worldwide Corp by 4,543.7% in the second quarter. James Investment Research Inc. now owns 124,452 shares of the company’s stock worth $12,496,000 after buying an additional 121,772 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Wyndham Worldwide Corp by 501.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 17,085 shares of the company’s stock worth $1,716,000 after buying an additional 14,243 shares in the last quarter. Finally, Creative Planning increased its position in shares of Wyndham Worldwide Corp by 0.7% in the second quarter. Creative Planning now owns 6,182 shares of the company’s stock worth $621,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Wyndham Worldwide Corp (NYSE:WYN) opened at 102.49 on Thursday. The firm has a market cap of $10.68 billion, a PE ratio of 16.95 and a beta of 1.33. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $105.63. The company’s 50-day moving average is $101.67 and its 200 day moving average is $89.89.
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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