Zacks: Brokerages Anticipate Wyndham Worldwide Corp (WYN) Will Announce Quarterly Sales of $1.67 Billion
Analysts forecast that Wyndham Worldwide Corp (NYSE:WYN) will report $1.67 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Wyndham Worldwide Corp’s earnings. Wyndham Worldwide Corp reported sales of $1.57 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, 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 year, analysts expect that the business will report sales of $6.13 billion per share, with estimates ranging from $6.02 billion to $6.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Wyndham Worldwide Corp.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS.
WYN has been the subject of a number of research reports. BidaskClub upgraded Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Wednesday, June 28th. Stifel Nicolaus reiterated a “buy” rating and set a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Buckingham Research initiated coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 price objective for the company. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $99.22.
Shares of Wyndham Worldwide Corp (WYN) opened at 102.69 on Friday. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 18.91 and a beta of 1.35. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $106.50. The stock’s 50 day moving average price is $99.72 and its 200 day moving average price is $95.48.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.32 annualized dividend and a yield of 2.26%. Wyndham Worldwide Corp’s dividend payout ratio (DPR) is presently 43.04%.
In related news, Director George Herrera sold 323 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $97.60, for a total transaction of $31,524.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.39% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC boosted its position in Wyndham Worldwide Corp by 15.9% during the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after purchasing an additional 201 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in Wyndham Worldwide Corp by 125.0% during the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after purchasing an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Wyndham Worldwide Corp during the second quarter valued at approximately $158,000. TrimTabs Asset Management LLC boosted its position in Wyndham Worldwide Corp by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after purchasing an additional 752 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Wyndham Worldwide Corp by 26.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after purchasing an additional 338 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
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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