Wall Street brokerages forecast that Wyndham Destinations (NASDAQ:WYND) will post $0.90 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Wyndham Destinations’ earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.88. Wyndham Destinations reported earnings per share of $1.33 during the same quarter last year, which suggests a negative year-over-year growth rate of 32.3%. The company is scheduled to issue its next earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Wyndham Destinations will report full-year earnings of $5.32 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.55. For the next financial year, analysts forecast that the company will report earnings of $5.82 per share, with EPS estimates ranging from $5.62 to $6.31. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Wyndham Destinations.
Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $1.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.27. The firm had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $975.98 million. The business’s quarterly revenue was up 2.7% on a year-over-year basis.
Shares of WYND stock opened at $41.35 on Friday. Wyndham Destinations has a fifty-two week low of $33.55 and a fifty-two week high of $53.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, March 15th. This is a positive change from Wyndham Destinations’s previous quarterly dividend of $0.41.
In related news, Director Stephen P. Holmes sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $43.54, for a total transaction of $2,177,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $44.64 per share, with a total value of $223,200.00. The disclosure for this purchase can be found here.
Several large investors have recently modified their holdings of the stock. Palo Capital Inc. acquired a new stake in shares of Wyndham Destinations during the 3rd quarter worth about $841,000. Raymond James Trust N.A. increased its position in shares of Wyndham Destinations by 21.7% during the 3rd quarter. Raymond James Trust N.A. now owns 7,477 shares of the company’s stock worth $324,000 after purchasing an additional 1,335 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Wyndham Destinations by 30.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 927,810 shares of the company’s stock worth $40,230,000 after purchasing an additional 214,941 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Wyndham Destinations by 82.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,999 shares of the company’s stock worth $260,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Wyndham Destinations by 191.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 47,922 shares of the company’s stock worth $2,078,000 after purchasing an additional 31,464 shares during the last quarter.
Wyndham Destinations Company Profile
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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