Wyndham Worldwide (NYSE:WYN) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.90-7.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.23. The company issued revenue guidance of $5.26-5.40 billion, compared to the consensus revenue estimate of $6.11 billion.
Shares of Wyndham Worldwide (WYN) traded down $0.89 during mid-day trading on Thursday, hitting $116.48. The company’s stock had a trading volume of 655,943 shares, compared to its average volume of 1,050,000. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17. Wyndham Worldwide has a 12 month low of $81.16 and a 12 month high of $127.96. The stock has a market capitalization of $11,800.00, a price-to-earnings ratio of 30.18 and a beta of 1.38.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted $1.35 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. research analysts forecast that Wyndham Worldwide will post 7.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a $0.66 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.64 dividend on an annualized basis and a yield of 2.27%. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio (DPR) is presently 60.10%.
WYN has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. SunTrust Banks raised their price objective on shares of Wyndham Worldwide to $131.00 and gave the company a buy rating in a research report on Thursday, February 15th. ValuEngine upgraded shares of Wyndham Worldwide from a hold rating to a buy rating in a research report on Friday, February 2nd. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a buy rating and a $202.00 price target for the company. Finally, Goldman Sachs Group upgraded shares of Wyndham Worldwide from a neutral rating to a buy rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $123.44.
In other news, CEO Geoffrey A. Ballotti sold 8,968 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the completion of the sale, the chief executive officer now directly owns 137,784 shares of the company’s stock, valued at approximately $15,807,958.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nicola Rossi sold 2,863 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $117.50, for a total transaction of $336,402.50. Following the sale, the vice president now directly owns 250 shares of the company’s stock, valued at $29,375. The disclosure for this sale can be found here. Insiders sold a total of 32,391 shares of company stock valued at $3,739,856 over the last ninety days. 2.39% of the stock is owned by corporate insiders.
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Wyndham Worldwide 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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