According to Zacks, “Owing to international expansion, Wyndham is exposed to headwinds in the regions where it operates. Lingering political uncertainty in Brazil and Africa, macroeconomic issues in Venezuela and an economic slowdown in China may keep revenues under pressure. Also, in Europe, the economic/political conditions are expected to be challenging post Brexit. Moreover, the company expects soft demand in the oil-producing regions – mainly including parts of Texas, Louisiana, Oklahoma and West Virginia – to continue to hurt RevPAR. However, the company’s strong developmental pipeline, consistent expansion plans and robust marketing efforts should boost earnings going ahead. Also, the company has mostly positive of earnings surprises in recent quarters. Still, volatility in exchange rates might continue to hurt results as it has been doing over the past few quarters.”
Several other research firms have also weighed in on WYN. Deutsche Bank AG reiterated a hold rating on shares of Wyndham Worldwide Corp. in a research note on Sunday, June 26th. Goldman Sachs Group Inc. began coverage on shares of Wyndham Worldwide Corp. in a research report on Monday, September 26th. They issued a neutral rating and a $72.00 price target for the company. MKM Partners reissued a buy rating on shares of Wyndham Worldwide Corp. in a research report on Thursday, July 28th. Wolfe Research began coverage on shares of Wyndham Worldwide Corp. in a research report on Wednesday, July 6th. They issued an outperform rating for the company. Finally, Telsey Advisory Group reduced their price target on shares of Wyndham Worldwide Corp. from $95.00 to $94.00 and set an outperform rating for the company in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $80.11.
Wyndham Worldwide Corp. (NYSE:WYN) opened at 67.33 on Tuesday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 13.31 and a beta of 1.30. Wyndham Worldwide Corp. has a 12 month low of $60.59 and a 12 month high of $82.99. The stock has a 50 day moving average of $69.32 and a 200 day moving average of $71.31.
Wyndham Worldwide Corp. (NYSE:WYN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Wyndham Worldwide Corp. had a net margin of 10.43% and a return on equity of 67.58%. Wyndham Worldwide Corp.’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 EPS. Equities analysts anticipate that Wyndham Worldwide Corp. will post $5.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Wednesday, August 24th. Wyndham Worldwide Corp.’s dividend payout ratio (DPR) is currently 39.60%.
In related news, Director George Herrera sold 463 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.03% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of WYN. Macquarie Group Ltd. increased its position in shares of Wyndham Worldwide Corp. by 909.6% in the second quarter. Macquarie Group Ltd. now owns 29,278 shares of the company’s stock worth $2,086,000 after buying an additional 26,378 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Wyndham Worldwide Corp. during the second quarter worth $322,000. Kentucky Retirement Systems bought a new position in shares of Wyndham Worldwide Corp. during the second quarter worth $678,000. Mason Street Advisors LLC bought a new position in shares of Wyndham Worldwide Corp. during the second quarter worth $1,074,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Wyndham Worldwide Corp. by 13.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the company’s stock worth $126,000 after buying an additional 214 shares during the period. 97.76% of the stock is currently owned by institutional investors.
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: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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