Wyndham Destinations (NYSE:WYND) – Investment analysts at Jefferies Financial Group lowered their Q3 2019 earnings per share estimates for shares of Wyndham Destinations in a note issued to investors on Thursday, October 17th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn $1.47 per share for the quarter, down from their previous forecast of $1.67. Jefferies Financial Group has a “Buy” rating and a $62.00 price objective on the stock. Jefferies Financial Group also issued estimates for Wyndham Destinations’ Q4 2019 earnings at $1.47 EPS, Q3 2020 earnings at $1.62 EPS, Q4 2020 earnings at $1.64 EPS, Q1 2021 earnings at $1.18 EPS, Q2 2021 earnings at $1.76 EPS, Q3 2021 earnings at $1.74 EPS and FY2021 earnings at $6.45 EPS.
Wyndham Destinations (NYSE:WYND) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share.
WYND has been the topic of several other reports. Zacks Investment Research raised shares of Wyndham Destinations from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. increased their price target on shares of Wyndham Destinations from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Nomura increased their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.63.
NYSE WYND opened at $46.10 on Monday. The company has a market cap of $4.25 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.10 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’s 50-day simple moving average is $45.85 and its two-hundred day simple moving average is $43.85.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, September 12th. Wyndham Destinations’s payout ratio is 38.38%.
In related news, Director George Herrera sold 1,904 shares of the firm’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 value of $92,724.80. Also, insider Noah Brodsky sold 7,803 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $44.46, for a total transaction of $346,921.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,007 shares of company stock worth $667,440. Insiders own 1.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC purchased a new stake in Wyndham Destinations in the second quarter valued at approximately $25,000. Huntington National Bank purchased a new stake in Wyndham Destinations in the second quarter valued at approximately $25,000. First Financial Corp IN purchased a new stake in Wyndham Destinations in the second quarter valued at approximately $26,000. Manchester Capital Management LLC purchased a new stake in Wyndham Destinations in the second quarter valued at approximately $27,000. Finally, Trustcore Financial Services LLC purchased a new stake in Wyndham Destinations in the second quarter valued at approximately $28,000. 88.34% of the stock is currently owned by institutional investors and hedge funds.
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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