Wyndham Worldwide Co. (NYSE:WYN) – Stock analysts at SunTrust Banks increased their FY2018 earnings estimates for Wyndham Worldwide in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings of $7.09 per share for the year, up from their prior forecast of $6.45. SunTrust Banks currently has a “Buy” rating and a $131.00 target price on the stock. SunTrust Banks also issued estimates for Wyndham Worldwide’s FY2019 earnings at $7.85 EPS.
Several other brokerages have also recently weighed in on WYN. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Macquarie initiated coverage on Wyndham Worldwide in a research note on Friday, January 5th. They set an “underperform” rating on the stock. Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Stifel Nicolaus raised their price objective on Wyndham Worldwide from $113.00 to $123.00 in a research note on Friday, January 5th. They noted that the move was a valuation call. Finally, Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $123.44.
Wyndham Worldwide (NYSE WYN) opened at $121.08 on Monday. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. Wyndham Worldwide has a 52 week low of $81.16 and a 52 week high of $127.96. The firm has a market capitalization of $12,270.00, a price-to-earnings ratio of 15.15 and a beta of 1.37.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 101.69% and a net margin of 15.35%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.35 EPS. Wyndham Worldwide’s quarterly revenue was up 5.6% compared to the same quarter last year.
Wyndham Worldwide announced that its board has approved a share buyback program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction on Monday, December 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now directly owns 8,917 shares in the company, valued at approximately $1,025,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.39% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in shares of Wyndham Worldwide during the 4th quarter worth $103,000. Gradient Investments LLC bought a new stake in shares of Wyndham Worldwide during the 4th quarter worth $163,000. We Are One Seven LLC bought a new stake in shares of Wyndham Worldwide during the 4th quarter worth $171,000. Tower Research Capital LLC TRC raised its stake in shares of Wyndham Worldwide by 790.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,612 shares of the company’s stock worth $187,000 after purchasing an additional 1,431 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of Wyndham Worldwide during the 4th quarter worth $205,000. Institutional investors own 93.72% of the company’s stock.
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About Wyndham Worldwide
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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