$1.36 EPS Expected for Wyndham Destinations (NASDAQ:WYND) This Quarter

Wall Street brokerages predict that Wyndham Destinations (NASDAQ:WYND) will post earnings per share of $1.36 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Wyndham Destinations’ earnings, with the lowest EPS estimate coming in at $1.30 and the highest estimate coming in at $1.40. Wyndham Destinations reported earnings of $1.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, July 30th.

According to Zacks, analysts expect that Wyndham Destinations will report full year earnings of $5.39 per share for the current fiscal year, with EPS estimates ranging from $5.31 to $5.55. For the next financial year, analysts expect that the business will report earnings of $5.89 per share, with EPS estimates ranging from $5.70 to $6.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Wyndham Destinations.

Wyndham Destinations (NASDAQ:WYND) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.13. The business had revenue of $918.00 million for the quarter, compared to analysts’ expectations of $918.92 million. The business’s quarterly revenue was up 1.2% on a year-over-year basis.

A number of research firms recently issued reports on WYND. Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Saturday, May 4th. Credit Suisse Group restated a “neutral” rating and set a $50.00 price objective on shares of Wyndham Destinations in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wyndham Destinations presently has an average rating of “Buy” and a consensus price target of $55.85.

In other Wyndham Destinations news, Director George Herrera sold 757 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $41.12, for a total value of $31,127.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brad Dettmer sold 3,703 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $44.42, for a total value of $164,487.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,460 shares of company stock valued at $4,602,615.

Several hedge funds have recently modified their holdings of the business. Sanders Morris Harris LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth $344,000. Retirement Systems of Alabama purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth $5,346,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth $450,000. Empowered Funds LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth $2,319,000. Finally, Empirical Finance LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth $980,000.

WYND traded up $0.24 during trading hours on Wednesday, reaching $45.29. 22,529 shares of the company’s stock traded hands, compared to its average volume of 830,611. The company’s 50-day moving average price is $42.76. Wyndham Destinations has a 52-week low of $33.55 and a 52-week high of $47.55.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, June 13th.

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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