Analysts Expect Wyndham Worldwide Corp (WYN) Will Announce Quarterly Sales of $1.47 Billion

Equities research analysts expect that Wyndham Worldwide Corp (NYSE:WYN) will post $1.47 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Wyndham Worldwide Corp’s earnings, with the lowest sales estimate coming in at $1.46 billion and the highest estimate coming in at $1.49 billion. Wyndham Worldwide Corp reported sales of $1.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The business is scheduled to announce its next earnings report before the market opens on Thursday, August 3rd.

On average, analysts expect that Wyndham Worldwide Corp will report full-year sales of $1.47 billion for the current financial year, with estimates ranging from $5.84 billion to $5.94 billion. For the next financial year, analysts anticipate that the company will post sales of $6.12 billion per share, with estimates ranging from $6.02 billion to $6.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Wyndham Worldwide Corp.

Wyndham Worldwide Corp (NYSE:WYN) last announced its earnings results on Wednesday, April 26th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Wyndham Worldwide Corp had a net margin of 11.70% and a return on equity of 85.08%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.12 EPS.

A number of brokerages recently issued reports on WYN. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 target price (up from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. BidaskClub upgraded Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, June 28th. Buckingham Research began coverage on Wyndham Worldwide Corp in a report on Monday, June 19th. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Wolfe Research cut Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $93.40.

In other Wyndham Worldwide Corp news, Director George Herrera sold 345 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $96.02, for a total transaction of $33,126.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas F. Anderson sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $100.06, for a total value of $500,300.00. Following the transaction, the executive vice president now owns 24,043 shares in the company, valued at $2,405,742.58. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC boosted its position in shares of Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the period. TrimTabs Asset Management LLC boosted its position in shares of Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock valued at $135,000 after buying an additional 752 shares during the period. Dubuque Bank & Trust Co. boosted its position in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares during the period. Pacer Advisors Inc. boosted its position in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock valued at $167,000 after buying an additional 66 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Wyndham Worldwide Corp by 36.6% in the first quarter. Global X Management Co. LLC now owns 2,269 shares of the company’s stock valued at $191,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.

Shares of Wyndham Worldwide Corp (WYN) traded up 1.31% during midday trading on Thursday, hitting $104.42. 483,941 shares of the company were exchanged. Wyndham Worldwide Corp has a one year low of $62.60 and a one year high of $105.63. The company has a market capitalization of $10.88 billion, a P/E ratio of 17.27 and a beta of 1.33. The company has a 50-day moving average of $101.73 and a 200 day moving average of $90.48.

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About Wyndham Worldwide Corp

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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