News coverage about Wyndham Worldwide (NYSE:WYN) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wyndham Worldwide earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2064354501536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Okta Announces Q3 Customer Wins and Expanded Deployments – Business Wire (press release) (businesswire.com)
- Starwood tops best rewards program rankings (wtop.com)
- [$$] Wyndham’s European Vacation Rental Sale Could Get Bids of Over $1 Billion (finance.yahoo.com)
- Starwood Preferred Named Best Hotel Loyalty Program (finance.yahoo.com)
- Sizzling Stock Alert: Globus Maritime Limited, (NASDAQ: GLBS), JBG Smith Properties, (NYSE: JBGS), Wyndham … – Stocks In The News (press release) (tradingnewsnow.com)
Separately, Zacks Investment Research cut shares of Wyndham Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $108.29.
Shares of Wyndham Worldwide (NYSE:WYN) traded up $0.28 during mid-day trading on Friday, hitting $113.05. 414,900 shares of the stock were exchanged, compared to its average volume of 1,112,244. The company has a debt-to-equity ratio of 9.00, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market cap of $11,450.00, a PE ratio of 18.64 and a beta of 1.35. Wyndham Worldwide has a 12 month low of $75.36 and a 12 month high of $114.49.
Wyndham Worldwide (NYSE:WYN) last issued its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Wyndham Worldwide had a net margin of 10.20% and a return on equity of 97.31%. Wyndham Worldwide’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. research analysts anticipate that Wyndham Worldwide will post 6.04 EPS for the current fiscal year.
Wyndham Worldwide declared that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.58 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a yield of 2.05%. Wyndham Worldwide’s dividend payout ratio (DPR) is currently 41.65%.
In related news, Director George Herrera sold 311 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.39% of the stock is currently owned by corporate insiders.
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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