Wyndham Worldwide (WYN) Releases FY18 Earnings Guidance

Wyndham Worldwide (NYSE:WYN) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.90-7.05 for the period, compared to the Thomson Reuters consensus estimate of $7.23. The company issued revenue guidance of $5.26-5.40 billion, compared to the consensus revenue estimate of $6.11 billion.

Shares of Wyndham Worldwide (WYN) opened at $117.95 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The firm has a market capitalization of $11,785.25, a P/E ratio of 19.23 and a beta of 1.37. Wyndham Worldwide has a 12-month low of $80.15 and a 12-month high of $127.96.

Wyndham Worldwide (NYSE:WYN) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 EPS. equities research analysts anticipate that Wyndham Worldwide will post 6.04 earnings per share for the current year.

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

Several analysts have weighed in on WYN shares. Wolfe Research raised Wyndham Worldwide from an underperform rating to a market perform rating in a research report on Thursday, December 21st. Goldman Sachs Group raised Wyndham Worldwide from a neutral rating to a buy rating in a research report on Friday, January 19th. Stifel Nicolaus lifted their price objective on Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine raised 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 set a buy rating and a $202.00 price objective on the stock. 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 has a consensus rating of Hold and an average price target of $122.50.

In other news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the completion of the transaction, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.39% of the stock is currently owned by company insiders.

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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.

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