Wyndham Worldwide (WYN) Posts Earnings Results
Wyndham Worldwide (NYSE:WYN) released its quarterly earnings results on Wednesday. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14, Morningstar.com reports. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Wyndham Worldwide updated its FY18 guidance to $6.90-7.05 EPS.
Shares of Wyndham Worldwide (WYN) opened at $117.95 on Wednesday. Wyndham Worldwide has a 52-week low of $80.15 and a 52-week high of $127.96. 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 capitalization of $11,785.25, a PE ratio of 19.23 and a beta of 1.37.
WYN has been the topic of a number of analyst reports. Goldman Sachs Group upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Zacks Investment Research upgraded Wyndham Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wolfe Research upgraded Wyndham Worldwide from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 21st. Finally, Macquarie started coverage on Wyndham Worldwide in a research report on Friday, January 5th. They set an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.50.
A number of hedge funds have recently bought and sold shares of the stock. Iridian Asset Management LLC CT raised its stake in Wyndham Worldwide by 9.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock worth $278,143,000 after buying an additional 211,886 shares during the period. JPMorgan Chase & Co. raised its stake in Wyndham Worldwide by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after buying an additional 695,118 shares during the period. Investec Asset Management LTD acquired a new position in Wyndham Worldwide during the 4th quarter worth approximately $226,144,000. Geode Capital Management LLC raised its stake in Wyndham Worldwide by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock worth $122,435,000 after buying an additional 27,152 shares during the period. Finally, Smith Asset Management Group LP raised its stake in Wyndham Worldwide by 171.3% during the 3rd quarter. Smith Asset Management Group LP now owns 748,347 shares of the company’s stock worth $25,807,000 after buying an additional 472,464 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.
Wyndham Worldwide announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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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