Research Analysts Set Expectations for Wyndham Worldwide Corp’s Q3 2017 Earnings (WYN)
Wyndham Worldwide Corp (NYSE:WYN) – Analysts at SunTrust Banks dropped their Q3 2017 earnings estimates for shares of Wyndham Worldwide Corp in a report issued on Friday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $2.00 for the quarter, down from their previous forecast of $2.10. SunTrust Banks also issued estimates for Wyndham Worldwide Corp’s Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $6.15 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $2.16 EPS, Q4 2018 earnings at $1.63 EPS and FY2018 earnings at $6.53 EPS.
A number of other research firms have also recently commented on WYN. MKM Partners reiterated a “buy” rating and set a $111.00 target price (up from $95.00) on shares of Wyndham Worldwide Corp in a research note on Wednesday, April 26th. Buckingham Research started coverage on Wyndham Worldwide Corp in a research note on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. Stifel Nicolaus lowered their target price on Wyndham Worldwide Corp from $108.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, May 1st. Zacks Investment Research cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $99.22.
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Wyndham Worldwide Corp (NYSE:WYN) opened at 102.26 on Monday. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.82 and a beta of 1.34. Wyndham Worldwide Corp has a 12 month low of $62.60 and a 12 month high of $105.86. The stock has a 50 day moving average of $102.49 and a 200 day moving average of $91.67.
Wyndham Worldwide Corp (NYSE:WYN) last issued its quarterly earnings data 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 company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 86.93%. The company’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 earnings per share.
Several large investors have recently made changes to their positions in WYN. Vanguard Group Inc. boosted its stake in shares of Wyndham Worldwide Corp by 3.8% in the first quarter. Vanguard Group Inc. now owns 10,399,038 shares of the company’s stock valued at $876,534,000 after buying an additional 382,077 shares in the last quarter. BlackRock Inc. raised its position in shares of Wyndham Worldwide Corp by 2,799.1% in the first 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 during the last quarter. FMR LLC raised its position in shares of Wyndham Worldwide Corp by 25.1% in the first quarter. FMR LLC now owns 5,031,984 shares of the company’s stock valued at $424,146,000 after buying an additional 1,009,242 shares during the last quarter. Bank of Montreal Can raised its position in shares of Wyndham Worldwide Corp by 30.7% in the first quarter. Bank of Montreal Can now owns 2,663,012 shares of the company’s stock valued at $224,465,000 after buying an additional 625,878 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock valued at $178,650,000 after buying an additional 497,029 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.
The business 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Wednesday, August 23rd. Wyndham Worldwide Corp’s dividend payout ratio is presently 43.04%.
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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