Wyndham Worldwide (WYN) Releases Earnings Results, Beats Estimates By $0.14 EPS

Wyndham Worldwide (NYSE:WYN) posted its quarterly earnings results on Wednesday. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14, Morningstar.com reports. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. Wyndham Worldwide’s revenue was up 5.6% on a year-over-year basis. Wyndham Worldwide updated its FY18 guidance to $6.90-7.05 EPS.

Shares of Wyndham Worldwide (WYN) opened at $117.95 on Wednesday. The firm has a market capitalization of $11,785.25, a price-to-earnings ratio of 19.23 and a beta of 1.37. Wyndham Worldwide has a 52-week low of $80.15 and a 52-week high of $127.96. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00.

A number of research firms have recently commented on WYN. Stifel Nicolaus reissued a “buy” rating and set a $130.00 price target on shares of Wyndham Worldwide in a report on Friday, January 19th. ValuEngine raised Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group started coverage on Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 price objective on the stock. Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Finally, Macquarie started coverage on Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $122.50.

Wyndham Worldwide announced that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, VP Scott G. Mclester sold 15,381 shares of the business’s stock in a transaction on 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.39% of the company’s stock.

A number of hedge funds have recently modified their holdings of WYN. Calton & Associates Inc. bought a new stake in shares of Wyndham Worldwide in the 4th quarter valued at about $103,000. Gradient Investments LLC bought a new stake in shares of Wyndham Worldwide in the 4th quarter valued at about $163,000. Tower Research Capital LLC TRC grew its position in shares of Wyndham Worldwide by 790.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock valued at $187,000 after buying an additional 1,431 shares during the last quarter. Reliance Trust Co. of Delaware bought a new stake in shares of Wyndham Worldwide in the 4th quarter valued at about $205,000. Finally, Koch Industries Inc. bought a new stake in shares of Wyndham Worldwide in the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

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About Wyndham Worldwide

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.

Earnings History for Wyndham Worldwide (NYSE:WYN)

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