Wyndham Destinations (NASDAQ:WYND) – Equities research analysts at Jefferies Financial Group cut their Q2 2019 earnings estimates for Wyndham Destinations in a note issued to investors on Wednesday, May 1st. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings per share of $1.37 for the quarter, down from their previous forecast of $1.38. Jefferies Financial Group also issued estimates for Wyndham Destinations’ Q1 2020 earnings at $1.08 EPS and Q3 2020 earnings at $1.79 EPS.
Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.13. The company had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $918.92 million. The company’s quarterly revenue was up 1.2% compared to the same quarter last year.
Several other brokerages have also recently issued reports on WYND. Nomura upgraded shares of Wyndham Destinations from a “neutral” rating to a “buy” rating and boosted their price target for the company from $51.45 to $52.00 in a research report on Monday, January 14th. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Saturday. SunTrust Banks boosted their price target on shares of Wyndham Destinations to $72.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Credit Suisse Group reiterated a “neutral” rating and set a $50.00 price target on shares of Wyndham Destinations in a research report on Wednesday, March 20th. Finally, Deutsche Bank boosted their price target on shares of Wyndham Destinations from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $56.27.
Shares of NASDAQ WYND opened at $44.58 on Monday. Wyndham Destinations has a 1 year low of $33.55 and a 1 year high of $51.00.
An institutional investor recently raised its position in Wyndham Destinations stock. Bank of New York Mellon Corp increased its holdings in shares of Wyndham Destinations (NASDAQ:WYND) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,773,807 shares of the company’s stock after acquiring an additional 185,327 shares during the period. Bank of New York Mellon Corp owned approximately 1.82% of Wyndham Destinations worth $76,911,000 at the end of the most recent reporting period.
In related news, Director George Herrera sold 713 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $42.14, for a total transaction of $30,045.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $45.19, for a total transaction of $2,259,500.00. The disclosure for this sale can be found here. Insiders have sold 100,713 shares of company stock worth $4,466,546 in the last three months.
Wyndham Destinations Company Profile
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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