Wyndham Worldwide (WYN) Expected to Announce Quarterly Sales of $1.35 Billion

Equities analysts predict that Wyndham Worldwide (NYSE:WYN) will report sales of $1.35 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Wyndham Worldwide’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.32 billion. Wyndham Worldwide reported sales of $1.48 billion during the same quarter last year, which would suggest a negative year over year growth rate of 8.8%. The firm is scheduled to issue its next earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Wyndham Worldwide will report full year sales of $5.36 billion for the current year, with estimates ranging from $5.22 billion to $5.61 billion. For the next financial year, analysts expect that the business will report sales of $6.05 billion per share, with estimates ranging from $5.54 billion to $6.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Wyndham Worldwide.

Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.06. Wyndham Worldwide had a net margin of 13.78% and a return on equity of 94.96%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.

A number of research firms recently weighed in on WYN. ValuEngine raised shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. SunTrust Banks upped their price objective on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research lowered shares of Wyndham Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Oppenheimer began coverage on shares of Wyndham Worldwide in a research note on Monday, April 2nd. They issued an “outperform” rating and a $135.00 price objective for the company. Finally, Credit Suisse Group began coverage on shares of Wyndham Worldwide in a research note on Friday. They issued a “neutral” rating and a $116.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned 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 $134.00.

In other news, Director George Herrera sold 270 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total transaction of $32,875.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nicola Rossi sold 2,863 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $117.50, for a total transaction of $336,402.50. Following the transaction, the vice president now owns 250 shares in the company, valued at approximately $29,375. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,823 shares of company stock valued at $2,308,444. Insiders own 2.18% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Iridian Asset Management LLC CT increased its holdings in shares of Wyndham Worldwide by 30.2% during the first quarter. Iridian Asset Management LLC CT now owns 3,124,299 shares of the company’s stock valued at $357,514,000 after acquiring an additional 723,825 shares in the last quarter. Investec Asset Management LTD acquired a new position in shares of Wyndham Worldwide during the fourth quarter valued at about $226,144,000. Millennium Management LLC increased its holdings in shares of Wyndham Worldwide by 11,022.7% during the first quarter. Millennium Management LLC now owns 1,537,383 shares of the company’s stock valued at $175,923,000 after acquiring an additional 1,523,561 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Wyndham Worldwide by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock valued at $122,435,000 after acquiring an additional 27,152 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Wyndham Worldwide by 3.7% during the first quarter. First Eagle Investment Management LLC now owns 830,664 shares of the company’s stock valued at $95,053,000 after acquiring an additional 29,388 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

NYSE:WYN opened at $109.33 on Friday. Wyndham Worldwide has a 1-year low of $95.30 and a 1-year high of $127.96. The stock has a market capitalization of $10.90 billion, a P/E ratio of 19.88 and a beta of 1.36. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 9.19.

Wyndham Worldwide Company Profile

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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