Zacks: Analysts Expect Wyndham Destinations (WYND) Will Announce Quarterly Sales of $1.07 Billion

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Equities research analysts expect Wyndham Destinations (NASDAQ:WYND) to post $1.07 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Wyndham Destinations’ earnings. The highest sales estimate is $1.09 billion and the lowest is $1.02 billion. Wyndham Destinations reported sales of $1.63 billion during the same quarter last year, which indicates a negative year over year growth rate of 34.4%. The company is expected to announce its next earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Wyndham Destinations will report full-year sales of $3.98 billion for the current year, with estimates ranging from $3.94 billion to $4.00 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.20 billion, with estimates ranging from $4.14 billion to $4.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Wyndham Destinations.

Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Wyndham Destinations’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS.

A number of analysts have weighed in on the company. Zacks Investment Research cut Wyndham Destinations from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet cut Wyndham Destinations from a “b-” rating to a “c+” rating in a research report on Wednesday. Credit Suisse Group reduced their price target on Wyndham Destinations from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Finally, Jefferies Financial Group assumed coverage on Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 price target for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Wyndham Destinations currently has an average rating of “Buy” and an average target price of $58.71.

Shares of NASDAQ:WYND traded up $0.29 on Friday, reaching $36.58. The company had a trading volume of 1,116,066 shares, compared to its average volume of 2,216,710. Wyndham Destinations has a twelve month low of $35.80 and a twelve month high of $57.67.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.41 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.48%.

In related news, insider Michael Dean Brown purchased 6,000 shares of Wyndham Destinations stock in a transaction on Tuesday, August 21st. The stock was bought at an average price of $45.20 per share, with a total value of $271,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 747 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $44.61, for a total value of $33,323.67. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of WYND. BlackRock Inc. bought a new position in shares of Wyndham Destinations in the second quarter worth about $413,146,000. FMR LLC bought a new position in shares of Wyndham Destinations in the second quarter worth about $328,935,000. Boston Partners bought a new position in shares of Wyndham Destinations in the second quarter worth about $294,781,000. Iridian Asset Management LLC CT bought a new position in shares of Wyndham Destinations in the second quarter worth about $243,246,000. Finally, LSV Asset Management bought a new position in shares of Wyndham Destinations in the second quarter worth about $111,386,000.

About Wyndham Destinations

Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.

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