Analysts expect Wyndham Destinations (NASDAQ:WYND) to post sales of $1.03 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Wyndham Destinations’ earnings. The lowest sales estimate is $1.02 billion and the highest is $1.05 billion. Wyndham Destinations reported sales of $1.48 billion during the same quarter last year, which would suggest a negative year over year growth rate of 30.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Wyndham Destinations will report full year sales of $4.03 billion for the current year, with estimates ranging from $4.02 billion to $4.07 billion. For the next financial year, analysts forecast that the firm will report sales of $4.25 billion per share, with estimates ranging from $4.21 billion to $4.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Wyndham Destinations.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.06. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion.
Several research firms have weighed in on WYND. TheStreet lowered Wyndham Destinations from a “b” rating to a “c” rating in a report on Monday, June 4th. Stifel Nicolaus lowered their target price on Wyndham Destinations from $131.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, June 4th. JPMorgan Chase & Co. began coverage on Wyndham Destinations in a report on Wednesday, June 6th. They issued a “neutral” rating and a $52.00 target price on the stock. Oppenheimer lowered their target price on Wyndham Destinations from $135.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, June 4th. Finally, SunTrust Banks initiated coverage on Wyndham Destinations in a research note on Thursday, June 14th. They set a “buy” rating and a $69.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $61.75.
Wyndham Destinations traded down $0.57, hitting $44.28, during trading hours on Monday, Marketbeat reports. The stock had a trading volume of 2,075,200 shares, compared to its average volume of 2,770,788. Wyndham Destinations has a 1-year low of $42.95 and a 1-year high of $57.67.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Thursday, June 14th.
About Wyndham Destinations
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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