Analysts Anticipate Wyndham Destinations (WYND) Will Post Earnings of $1.27 Per Share

Analysts expect Wyndham Destinations (NASDAQ:WYND) to announce earnings per share (EPS) of $1.27 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Wyndham Destinations’ earnings, with estimates ranging from $1.20 to $1.29. Wyndham Destinations posted earnings of $1.49 per share in the same quarter last year, which would suggest a negative year over year growth rate of 14.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Wyndham Destinations will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.74 to $4.86. For the next financial year, analysts forecast that the business will post earnings of $5.31 per share, with EPS estimates ranging from $4.98 to $5.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Wyndham Destinations.

Wyndham Destinations (NASDAQ:WYND) last announced its quarterly earnings results on Thursday, November 1st. The company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.

A number of research analysts have recently commented on WYND shares. Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Saturday, August 11th. TheStreet cut Wyndham Destinations from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Thursday, November 1st. Deutsche Bank set a $58.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Macquarie upgraded Wyndham Destinations from an “underperform” rating to a “neutral” rating in a research note on Friday, November 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wyndham Destinations presently has an average rating of “Hold” and an average price target of $55.85.

In related news, Director Stephen P. Holmes sold 20,000 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $42.16, for a total value of $843,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 50,000 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $41.47, for a total value of $2,073,500.00. The disclosure for this sale can be found here. Insiders sold 100,767 shares of company stock valued at $4,194,003 over the last 90 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of WYND. Raymond James Trust N.A. grew its holdings in Wyndham Destinations by 21.7% during the 3rd quarter. Raymond James Trust N.A. now owns 7,477 shares of the company’s stock worth $324,000 after acquiring an additional 1,335 shares during the period. Canada Pension Plan Investment Board grew its holdings in Wyndham Destinations by 30.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 927,810 shares of the company’s stock worth $40,230,000 after acquiring an additional 214,941 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wyndham Destinations by 82.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,999 shares of the company’s stock worth $260,000 after acquiring an additional 2,711 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in Wyndham Destinations by 191.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 47,922 shares of the company’s stock worth $2,078,000 after acquiring an additional 31,464 shares during the period. Finally, Amica Retiree Medical Trust grew its holdings in Wyndham Destinations by 176.3% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,409 shares of the company’s stock worth $104,000 after acquiring an additional 1,537 shares during the period.

Shares of WYND traded down $1.62 during trading hours on Friday, reaching $38.88. The stock had a trading volume of 715,037 shares, compared to its average volume of 2,044,518. Wyndham Destinations has a 12 month low of $33.61 and a 12 month high of $57.67.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.64 dividend on an annualized basis and a yield of 4.22%.

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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Earnings History and Estimates for Wyndham Destinations (NASDAQ:WYND)

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