SunTrust Banks Comments on Wyndham Worldwide Corp’s FY2017 Earnings (WYN)
Wyndham Worldwide Corp (NYSE:WYN) – Equities researchers at SunTrust Banks reduced their FY2017 earnings per share (EPS) estimates for Wyndham Worldwide Corp in a note issued to investors on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $6.02 per share for the year, down from their previous estimate of $6.15. SunTrust Banks also issued estimates for Wyndham Worldwide Corp’s Q4 2017 earnings at $1.33 EPS, Q2 2018 earnings at $1.59 EPS and Q4 2018 earnings at $1.58 EPS.
Wyndham Worldwide Corp (NYSE:WYN) last issued its earnings results on Wednesday, October 25th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide Corp had a return on equity of 134.47% and a net margin of 12.46%. Wyndham Worldwide Corp’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share.
Several other research firms also recently issued reports on WYN. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “sell” rating to a “hold” rating and set a $124.00 price target for the company in a research note on Thursday, October 12th. Telsey Advisory Group downgraded Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research note on Friday, August 4th. Finally, BidaskClub downgraded 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, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.29.
Wyndham Worldwide Corp (WYN) opened at 106.56 on Monday. The company has a market capitalization of $10.95 billion, a PE ratio of 19.62 and a beta of 1.36. Wyndham Worldwide Corp has a 12 month low of $64.14 and a 12 month high of $110.74. The company has a 50-day moving average price of $105.61 and a 200 day moving average price of $100.50.
Wyndham Worldwide Corp announced that its board has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In other news, Director George Herrera sold 323 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.39% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Smithfield Trust Co. bought a new stake in shares of Wyndham Worldwide Corp during the 2nd quarter valued at $170,000. Janus Henderson Group PLC lifted its position in shares of Wyndham Worldwide Corp by 861.3% during the 2nd quarter. Janus Henderson Group PLC now owns 125,294 shares of the company’s stock valued at $12,581,000 after acquiring an additional 112,260 shares during the period. Lipe & Dalton bought a new stake in shares of Wyndham Worldwide Corp during the 2nd quarter valued at $3,463,000. State of Tennessee Treasury Department lifted its position in shares of Wyndham Worldwide Corp by 16.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 101,473 shares of the company’s stock valued at $10,189,000 after acquiring an additional 14,437 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in shares of Wyndham Worldwide Corp by 9.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 43,772 shares of the company’s stock valued at $4,395,000 after acquiring an additional 3,614 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.
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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