Zacks: Analysts Expect Wyndham Worldwide Corp (WYN) Will Post Quarterly Sales of $1.67 Billion
Wall Street brokerages expect Wyndham Worldwide Corp (NYSE:WYN) to post $1.67 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Wyndham Worldwide Corp’s earnings. Wyndham Worldwide Corp posted sales of $1.57 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The company is expected to report its next earnings report before the market opens 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 year, with estimates ranging from $5.86 billion to $5.91 billion. For the next financial year, analysts expect that the firm will report sales of $6.16 billion per share, with estimates ranging from $6.10 billion to $6.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Wyndham Worldwide Corp.
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, topping the consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. Wyndham Worldwide Corp had a net margin of 10.17% and a return on equity of 91.17%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS.
Several brokerages recently issued reports on WYN. Telsey Advisory Group cut Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a research note on Friday, August 4th. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a research note on Thursday, October 12th. Finally, BidaskClub cut Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $103.38.
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Wyndham Worldwide Corp (NYSE:WYN) opened at 109.00 on Monday. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $110.74. The stock has a 50 day moving average of $104.61 and a 200-day moving average of $99.72. The firm has a market capitalization of $11.20 billion, a PE ratio of 20.07 and a beta of 1.36.
In other news, Director George Herrera sold 323 shares of the firm’s stock in a transaction 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 document filed with the SEC, which can be accessed through the SEC website. 2.39% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. acquired a new position in Wyndham Worldwide Corp during the second quarter worth about $170,000. Lipe & Dalton acquired a new position in Wyndham Worldwide Corp during the second quarter worth about $3,463,000. State of Tennessee Treasury Department grew its holdings in Wyndham Worldwide Corp by 16.6% during the second quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock worth $10,189,000 after acquiring an additional 14,437 shares during the period. Freestone Capital Holdings LLC grew its holdings in Wyndham Worldwide Corp by 9.0% during the second quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock worth $4,395,000 after acquiring an additional 3,614 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Wyndham Worldwide Corp by 17.5% during the second quarter. Advisors Asset Management Inc. now owns 11,259 shares of the company’s stock worth $1,131,000 after acquiring an additional 1,678 shares during the period. 94.96% of the stock is currently owned by hedge funds and other 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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