Wyndham Worldwide Co. (NYSE:WYN) – Equities research analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for Wyndham Worldwide in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst P. Scholes now forecasts that the company will earn $7.09 per share for the year, up from their prior estimate of $6.45. SunTrust Banks currently has a “Buy” rating and a $131.00 target price on the stock. SunTrust Banks also issued estimates for Wyndham Worldwide’s FY2019 earnings at $7.85 EPS.
Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price objective on shares of Wyndham Worldwide in a research report on Friday, January 19th. Zacks Investment Research upgraded shares of Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Macquarie began coverage on shares of Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating on the stock. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 price objective on the stock. Finally, ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.44.
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, topping the consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in WYN. Janus Henderson Group PLC lifted its stake in shares of Wyndham Worldwide by 861.3% in 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 during the last quarter. Toronto Dominion Bank lifted its stake in shares of Wyndham Worldwide by 26.5% in the 2nd quarter. Toronto Dominion Bank now owns 35,883 shares of the company’s stock valued at $3,602,000 after purchasing an additional 7,523 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Wyndham Worldwide by 462.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 141,634 shares of the company’s stock valued at $14,221,000 after purchasing an additional 116,434 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in shares of Wyndham Worldwide by 137.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 23,772 shares of the company’s stock valued at $2,385,000 after purchasing an additional 13,749 shares during the last quarter. Finally, PGGM Investments lifted its stake in shares of Wyndham Worldwide by 17.9% in the 3rd quarter. PGGM Investments now owns 360,455 shares of the company’s stock valued at $37,996,000 after purchasing an additional 54,642 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.
In other Wyndham Worldwide news, VP Nicola Rossi sold 2,863 shares of Wyndham Worldwide stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $117.50, for a total transaction of $336,402.50. Following the completion of the sale, the vice president now owns 250 shares of the company’s stock, valued at approximately $29,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction 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 sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The disclosure for this sale can be found here. Insiders have sold a total of 34,891 shares of company stock valued at $4,042,356 in the last three months. Company insiders own 2.39% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is 27.42%.
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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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