SunTrust Banks Research Analysts Decrease Earnings Estimates for Wyndham Worldwide Corp (NYSE:WYN)

Wyndham Worldwide Corp (NYSE:WYN) – Investment analysts at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for shares of Wyndham Worldwide Corp in a note issued to investors on Friday. SunTrust Banks analyst P. Scholes now expects that the company will earn $2.00 per share for the quarter, down from their prior forecast of $2.10. SunTrust Banks also issued estimates for Wyndham Worldwide Corp’s Q4 2017 earnings at $1.49 EPS, FY2017 earnings at $6.15 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $2.16 EPS, Q4 2018 earnings at $1.63 EPS and FY2018 earnings at $6.53 EPS.

Wyndham Worldwide Corp (NYSE:WYN) last released its earnings results on Wednesday, August 2nd. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.47 billion. Wyndham Worldwide Corp had a return on equity of 91.17% and a net margin of 10.17%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share. TRADEMARK VIOLATION WARNING: “SunTrust Banks Research Analysts Decrease Earnings Estimates for Wyndham Worldwide Corp (NYSE:WYN)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2017/08/19/suntrust-banks-research-analysts-decrease-earnings-estimates-for-wyndham-worldwide-corp-nysewyn-updated.html.

Several other equities research analysts have also weighed in on the company. J P Morgan Chase & Co reissued an “overweight” rating and set a $97.00 price objective (up from $94.00) on shares of Wyndham Worldwide Corp in a research note on Monday, April 17th. BidaskClub raised Wyndham Worldwide Corp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Wyndham Worldwide Corp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Wolfe Research lowered Wyndham Worldwide Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $110.00 price objective (up from $108.00) on shares of Wyndham Worldwide Corp in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Wyndham Worldwide Corp currently has an average rating of “Hold” and an average target price of $99.22.

Wyndham Worldwide Corp (WYN) opened at 100.87 on Monday. Wyndham Worldwide Corp has a 1-year low of $62.60 and a 1-year high of $106.50. The company has a 50-day moving average price of $102.64 and a 200 day moving average price of $91.90. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 18.57 and a beta of 1.34.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.58 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.30%. Wyndham Worldwide Corp’s payout ratio is currently 43.04%.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Wyndham Worldwide Corp by 2,799.1% in the first quarter. BlackRock Inc. now owns 6,503,033 shares of the company’s stock worth $548,141,000 after buying an additional 6,278,724 shares during the last quarter. FMR LLC raised its stake in Wyndham Worldwide Corp by 25.1% in the first quarter. FMR LLC now owns 5,031,984 shares of the company’s stock worth $424,146,000 after buying an additional 1,009,242 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Wyndham Worldwide Corp by 150.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,176,733 shares of the company’s stock worth $99,187,000 after buying an additional 707,223 shares during the last quarter. Bank of Montreal Can raised its stake in Wyndham Worldwide Corp by 30.7% in the first quarter. Bank of Montreal Can now owns 2,663,012 shares of the company’s stock worth $224,465,000 after buying an additional 625,878 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Wyndham Worldwide Corp by 38.8% in the second quarter. Bessemer Group Inc. now owns 1,779,209 shares of the company’s stock worth $178,650,000 after buying an additional 497,029 shares during the last quarter. Institutional investors own 93.43% of the company’s stock.

About Wyndham Worldwide Corp

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.

Earnings History and Estimates for Wyndham Worldwide Corp (NYSE:WYN)

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