Zacks: Brokerages Expect Wyndham Worldwide Co. (WYN) Will Announce Quarterly Sales of $1.40 Billion

Equities research analysts expect Wyndham Worldwide Co. (NYSE:WYN) to report sales of $1.40 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Wyndham Worldwide’s earnings, with estimates ranging from $1.39 billion to $1.41 billion. Wyndham Worldwide reported sales of $1.32 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, 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 expect that the firm will post sales of $6.10 billion per share, with estimates ranging from $6.05 billion to $6.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Wyndham Worldwide.

A number of equities research analysts have commented on WYN shares. Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating and set a $124.00 price target on the stock in a research report on Thursday, October 12th. Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Jefferies Group started coverage on Wyndham Worldwide in a research report on Friday, January 19th. They issued a “buy” rating and a $202.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.50.

In related news, VP Scott G. Mclester sold 15,381 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now owns 8,917 shares in the company, valued at approximately $1,025,455. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.39% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in shares of Wyndham Worldwide 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 purchasing an additional 112,260 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Wyndham Worldwide by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock valued at $62,573,000 after purchasing an additional 9,892 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Wyndham Worldwide by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock valued at $30,115,000 after purchasing an additional 1,007 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Wyndham Worldwide by 1.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 167,558 shares of the company’s stock valued at $17,661,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Tredje AP fonden boosted its position in shares of Wyndham Worldwide by 46.0% during the 3rd quarter. Tredje AP fonden now owns 16,660 shares of the company’s stock valued at $1,756,000 after purchasing an additional 5,250 shares in the last quarter. Institutional investors own 93.77% of the company’s stock.

Shares of Wyndham Worldwide (NYSE:WYN) opened at $119.77 on Wednesday. Wyndham Worldwide has a 52-week low of $80.11 and a 52-week high of $127.96. The company has a market capitalization of $12,315.19, a PE ratio of 21.46 and a beta of 1.37. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81.

Wyndham Worldwide announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors 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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