Analysts expect Wyndham Worldwide (NYSE:WYN) to report $1.23 billion in sales 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 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.8%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Wyndham Worldwide will report full year sales of $1.23 billion for the current year, with estimates ranging from $5.35 billion to $5.67 billion. For the next year, analysts anticipate that the company will post sales of $6.10 billion per share, with estimates ranging from $5.65 billion to $6.36 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Wyndham Worldwide.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. Wyndham Worldwide’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $1.35 EPS.
In other news, Director George Herrera sold 270 shares of Wyndham Worldwide stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $121.76, for a total value of $32,875.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $336,402.50. Following the completion of the transaction, the vice president now owns 250 shares in the company, valued at $29,375. The disclosure for this sale can be found here. Insiders sold a total of 19,510 shares of company stock worth $2,273,541 over the last quarter. Company insiders own 2.39% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Eagle Asset Management Inc. increased its holdings in shares of Wyndham Worldwide by 1.4% in the 4th quarter. Eagle Asset Management Inc. now owns 32,981 shares of the company’s stock valued at $3,831,000 after acquiring an additional 459 shares during the period. M&T Bank Corp increased its holdings in shares of Wyndham Worldwide by 2.2% in the 4th quarter. M&T Bank Corp now owns 21,777 shares of the company’s stock valued at $2,522,000 after acquiring an additional 464 shares during the period. Boston Private Wealth LLC increased its holdings in shares of Wyndham Worldwide by 3.9% in the 3rd quarter. Boston Private Wealth LLC now owns 12,577 shares of the company’s stock valued at $1,326,000 after acquiring an additional 476 shares during the period. ETRADE Capital Management LLC increased its holdings in shares of Wyndham Worldwide by 16.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 3,588 shares of the company’s stock valued at $378,000 after acquiring an additional 499 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Wyndham Worldwide by 2.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 20,678 shares of the company’s stock valued at $2,396,000 after acquiring an additional 539 shares during the period. Institutional investors and hedge funds own 93.03% of the company’s stock.
NYSE WYN traded down $3.16 on Friday, reaching $110.28. 724,555 shares of the stock traded hands, compared to its average volume of 972,374. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 6.44. The firm has a market cap of $11,313.63, a PE ratio of 20.05 and a beta of 1.35. Wyndham Worldwide has a 12 month low of $83.80 and a 12 month high of $127.96.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.66 dividend. The ex-dividend date was Wednesday, March 14th. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.39%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 48.00%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3336568/brokerages-anticipate-wyndham-worldwide-wyn-will-announce-quarterly-sales-of-1-23-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wyndham Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wyndham Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.