Brokerages expect that Wyndham Destinations (NASDAQ:WYND) will announce $1.06 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Wyndham Destinations’ earnings. The highest sales estimate is $1.08 billion and the lowest is $1.02 billion. Wyndham Destinations posted sales of $1.01 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, July 30th.
On average, analysts expect that Wyndham Destinations will report full-year sales of $4.14 billion for the current fiscal year, with estimates ranging from $4.06 billion to $4.17 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.32 billion, with estimates ranging from $4.20 billion to $4.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Wyndham Destinations.
Wyndham Destinations (NASDAQ:WYND) last issued its earnings results on Wednesday, May 1st. The company reported $1.03 EPS for the quarter, topping 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 business’s quarterly revenue was up 1.2% on a year-over-year basis.
In related news, Director George Herrera sold 757 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total value of $31,127.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brad Dettmer sold 3,703 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $44.42, for a total transaction of $164,487.26. The disclosure for this sale can be found here. Insiders have sold a total of 104,460 shares of company stock valued at $4,602,615 in the last ninety days.
A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in Wyndham Destinations in the 2nd quarter valued at about $1,036,000. CENTRAL TRUST Co acquired a new position in shares of Wyndham Destinations during the 2nd quarter valued at about $102,000. Xact Kapitalforvaltning AB acquired a new position in shares of Wyndham Destinations during the 2nd quarter valued at about $632,000. First Citizens Bank & Trust Co. acquired a new position in shares of Wyndham Destinations during the 2nd quarter valued at about $596,000. Finally, Country Trust Bank acquired a new position in shares of Wyndham Destinations during the 2nd quarter valued at about $34,000.
Shares of NASDAQ WYND traded up $0.50 during trading on Friday, hitting $46.42. 496,500 shares of the company were exchanged, compared to its average volume of 824,577. Wyndham Destinations has a 1 year low of $33.55 and a 1 year high of $47.55. The stock has a fifty day moving average price of $42.94.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date 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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