$1.13 Billion in Sales Expected for Wyndham Destinations (NASDAQ:WYND) This Quarter

Wall Street analysts expect Wyndham Destinations (NASDAQ:WYND) to announce $1.13 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Wyndham Destinations’ earnings. The lowest sales estimate is $1.12 billion and the highest is $1.15 billion. Wyndham Destinations posted sales of $1.06 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The business is expected to report its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Wyndham Destinations will report full year sales of $4.13 billion for the current financial year, with estimates ranging from $4.11 billion to $4.16 billion. For the next financial year, analysts forecast that the firm will report sales of $4.30 billion, with estimates ranging from $4.11 billion to $4.37 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Wyndham Destinations.

Wyndham Destinations (NASDAQ:WYND) last posted its earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the company a “buy” rating in a research report on Wednesday. Nomura lifted their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Saturday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Wyndham Destinations has a consensus rating of “Buy” and a consensus target price of $56.46.

In other Wyndham Destinations news, Director George Herrera sold 757 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total transaction of $31,127.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Holmes sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $44.25, for a total transaction of $2,212,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,757 shares of company stock valued at $4,438,128.

A number of large investors have recently added to or reduced their stakes in WYND. Iridian Asset Management LLC CT bought a new stake in Wyndham Destinations during the 2nd quarter valued at about $310,725,000. Investec Asset Management LTD bought a new stake in Wyndham Destinations during the 2nd quarter valued at about $179,747,000. FMR LLC bought a new stake in Wyndham Destinations during the 1st quarter valued at about $133,991,000. First Eagle Investment Management LLC bought a new stake in Wyndham Destinations during the 1st quarter valued at about $68,653,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Wyndham Destinations in the second quarter worth approximately $68,070,000.

Shares of NASDAQ:WYND traded down $1.44 on Friday, hitting $42.38. The company had a trading volume of 707,029 shares, compared to its average volume of 813,884. The stock’s 50-day moving average is $44.97. Wyndham Destinations has a 1 year low of $33.55 and a 1 year high of $49.75.

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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