SunTrust Banks Comments on Wyndham Worldwide Corp’s Q3 2017 Earnings (WYN)
Wyndham Worldwide Corp (NYSE:WYN) – Equities researchers at SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for shares of Wyndham Worldwide Corp in a research report issued on Friday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings of $2.00 per share for the quarter, down from their prior forecast of $2.10. SunTrust Banks also issued estimates for Wyndham Worldwide Corp’s Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $6.15 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $2.16 EPS, Q4 2018 earnings at $1.63 EPS and FY2018 earnings at $6.53 EPS.
Other analysts have also recently issued reports about the stock. MKM Partners reissued a “buy” rating and set a $111.00 price objective (up from $95.00) on shares of Wyndham Worldwide Corp in a research note on Wednesday, April 26th. BidaskClub lowered shares of Wyndham Worldwide Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Wyndham Worldwide Corp from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $110.00 target price (up previously from $108.00) on shares of Wyndham Worldwide Corp in a report on Thursday, June 22nd. Finally, Buckingham Research assumed coverage on shares of Wyndham Worldwide Corp in a report on Monday, June 19th. They set a “buy” rating and a $114.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $99.22.
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Shares of Wyndham Worldwide Corp (WYN) opened at 103.34 on Monday. Wyndham Worldwide Corp has a 52 week low of $62.60 and a 52 week high of $105.86. The stock has a 50 day moving average price of $102.49 and a 200 day moving average price of $91.67. The firm has a market capitalization of $10.77 billion, a PE ratio of 19.02 and a beta of 1.34.
Wyndham Worldwide Corp (NYSE:WYN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.03. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share.
Institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC raised its position in Wyndham Worldwide Corp by 15.9% in the first quarter. IHT Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $123,000 after buying an additional 201 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Wyndham Worldwide Corp by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the company’s stock worth $135,000 after buying an additional 752 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of Wyndham Worldwide Corp by 125.0% in the second quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock worth $149,000 after buying an additional 824 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Wyndham Worldwide Corp by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,987 shares of the company’s stock worth $167,000 after buying an additional 66 shares in the last quarter. Finally, Smithfield Trust Co. purchased a new position in shares of Wyndham Worldwide Corp during the second quarter worth approximately $170,000. Institutional investors and hedge funds own 93.43% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.32 annualized dividend and a dividend yield of 2.25%. Wyndham Worldwide Corp’s payout ratio is 43.04%.
Wyndham Worldwide Corp Company Profile
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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