Wyndham Worldwide (WYN) Expected to Post Quarterly Sales of $1.23 Billion

Wall Street brokerages expect that Wyndham Worldwide (NYSE:WYN) will post sales of $1.23 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Wyndham Worldwide’s earnings, with estimates ranging from $1.22 billion to $1.25 billion. Wyndham Worldwide posted sales of $1.32 billion in the same quarter last year, which would indicate a negative year over year growth rate of 6.8%. The company is expected to announce its next earnings results before the market opens on Wednesday, May 2nd.

On average, analysts expect that Wyndham Worldwide will report full-year sales of $5.46 billion for the current financial year, with estimates ranging from $5.35 billion to $5.67 billion. For the next year, analysts anticipate that the company will report sales of $6.10 billion per share, with estimates ranging from $5.65 billion to $6.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wyndham Worldwide.

Wyndham Worldwide (NYSE:WYN) last announced its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 EPS.



Several brokerages have recently weighed in on WYN. Zacks Investment Research downgraded Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer began coverage on Wyndham Worldwide in a research note on Monday, April 2nd. They set an “outperform” rating and a $135.00 target price for the company. Stifel Nicolaus upped their target price on Wyndham Worldwide from $113.00 to $123.00 in a research note 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 note on Friday, February 2nd. Finally, SunTrust Banks upped their target price on Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $133.25.

Shares of WYN stock traded up $0.64 during trading hours on Monday, hitting $114.74. 1,102,183 shares of the company’s stock were exchanged, compared to its average volume of 719,831. The company has a debt-to-equity ratio of 6.44, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $11,378.45, a price-to-earnings ratio of 20.86 and a beta of 1.35. Wyndham Worldwide has a fifty-two week low of $89.29 and a fifty-two week high of $127.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were paid a $0.66 dividend. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. This represents a $2.64 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, March 14th. Wyndham Worldwide’s dividend payout ratio is currently 48.00%.

In related news, VP Nicola Rossi sold 2,863 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $117.50, for a total value of $336,402.50. Following the completion of the transaction, the vice president now directly owns 250 shares of the company’s stock, valued at approximately $29,375. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Geoffrey A. Ballotti sold 8,968 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $114.73, for a total value of $1,028,898.64. Following the completion of the transaction, the chief executive officer now directly owns 137,784 shares of the company’s stock, valued at $15,807,958.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,510 shares of company stock valued at $2,273,541. 2.18% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in Wyndham Worldwide in the 4th quarter valued at $297,000. Xact Kapitalforvaltning AB grew its holdings in Wyndham Worldwide by 4.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 32,325 shares of the company’s stock valued at $3,745,000 after buying an additional 1,238 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Wyndham Worldwide by 83.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 104,418 shares of the company’s stock valued at $12,099,000 after buying an additional 47,419 shares in the last quarter. We Are One Seven LLC purchased a new stake in Wyndham Worldwide in the 4th quarter valued at $171,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Wyndham Worldwide by 47.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the company’s stock valued at $788,000 after buying an additional 2,200 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

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About Wyndham Worldwide

Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.

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Earnings History and Estimates for Wyndham Worldwide (NYSE:WYN)

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