Wyndham Worldwide Co. (WYN) Expected to Announce Quarterly Sales of $1.40 Billion

Brokerages predict that Wyndham Worldwide Co. (NYSE:WYN) will post sales of $1.40 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Wyndham Worldwide’s earnings. The highest sales estimate is $1.41 billion and the lowest is $1.39 billion. Wyndham Worldwide reported sales of $1.32 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that Wyndham Worldwide will report full year sales of $1.40 billion for the current year, with estimates ranging from $5.82 billion to $5.84 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.12 billion per share, with estimates ranging from $6.05 billion to $6.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Wyndham Worldwide.

Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.01. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share.

Several brokerages have recently issued reports on WYN. Jefferies Group began coverage on shares of Wyndham Worldwide in a research report on Friday. They set a “buy” rating and a $202.00 price target on the stock. Wolfe Research raised shares of Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Zacks Investment Research cut shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Stifel Nicolaus reissued a “buy” rating and set a $130.00 price target on shares of Wyndham Worldwide in a research report on Friday. Finally, Goldman Sachs Group raised shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $122.50.

In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the sale, the vice president now owns 8,917 shares of the company’s stock, valued at $1,025,455. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 311 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total transaction of $32,910.02. The disclosure for this sale can be found here. 2.39% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in Wyndham Worldwide by 1.2% in the second quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock valued at $476,000 after acquiring an additional 54 shares in the last quarter. Advisory Services Network LLC raised its holdings in Wyndham Worldwide by 1.0% during the second quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock worth $931,000 after purchasing an additional 90 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Wyndham Worldwide by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock worth $3,034,000 after purchasing an additional 100 shares in the last quarter. Veritable L.P. raised its holdings in Wyndham Worldwide by 3.3% during the second quarter. Veritable L.P. now owns 3,587 shares of the company’s stock worth $360,000 after purchasing an additional 116 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Wyndham Worldwide by 0.4% during the second quarter. ProShare Advisors LLC now owns 28,622 shares of the company’s stock worth $2,874,000 after purchasing an additional 128 shares in the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Wyndham Worldwide (NYSE WYN) opened at $126.99 on Friday. The stock has a market cap of $12,435.77, a PE ratio of 22.76 and a beta of 1.36. Wyndham Worldwide has a 1 year low of $77.74 and a 1 year high of $127.96. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96.

Wyndham Worldwide announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Wyndham Worldwide 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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