Equities research analysts expect Wyndham Destinations (NYSE:WYND) to announce $1.13 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Wyndham Destinations’ earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.15 billion. Wyndham Destinations posted sales of $1.06 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, October 30th.
According to Zacks, analysts expect that Wyndham Destinations will report full-year sales of $4.12 billion for the current fiscal year, with estimates ranging from $4.11 billion to $4.15 billion. For the next financial year, analysts anticipate that the business will report sales of $4.29 billion, with estimates ranging from $4.09 billion to $4.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Wyndham Destinations.
Wyndham Destinations (NYSE:WYND) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Wyndham Destinations had a net margin of 11.67% and a negative return on equity of 90.37%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS.
A number of research firms have recently issued reports on WYND. Zacks Investment Research downgraded shares of Wyndham Destinations from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group set a $62.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Wyndham Destinations from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura boosted their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Wyndham Destinations presently has an average rating of “Hold” and a consensus price target of $57.63.
In related news, Director George Herrera sold 1,904 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total transaction of $92,724.80. Also, insider Michael Dean Brown bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $40.16 per share, for a total transaction of $200,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,007 shares of company stock worth $667,440. 1.59% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. Hancock Whitney Corp purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $725,000. Atria Investments LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $253,000. Treasurer of the State of North Carolina increased its position in shares of Wyndham Destinations by 19.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 45,472 shares of the company’s stock valued at $1,996,000 after purchasing an additional 7,380 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $406,681,000. Finally, Barings LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $233,000. 88.35% of the stock is currently owned by institutional investors.
Shares of Wyndham Destinations stock traded down $0.01 on Friday, reaching $44.05. The company had a trading volume of 17,835 shares, compared to its average volume of 802,297. The firm’s 50 day moving average price is $45.07 and its two-hundred day moving average price is $43.49. The firm has a market cap of $4.11 billion, a PE ratio of 9.38, a PEG ratio of 2.02 and a beta of 1.54. Wyndham Destinations has a 52-week low of $33.55 and a 52-week high of $49.75.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, September 12th. Wyndham Destinations’s payout ratio is currently 38.38%.
About Wyndham Destinations
Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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