Wyndham Worldwide Corporation (WYN) was Reiterated by Telsey Advisory Group to “Outperform” while Lowering the Price Target of the company shares to $ 94 from a previous price target of $95 . Telsey Advisory Group advised their investors in a research report released on Jul 28, 2016.
On the company’s financial health, Wyndham Worldwide Corporation reported $1.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.37. The company had revenue of $1403.00 million for the quarter, compared to analysts expectations of $1444.35 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.
Wyndham Worldwide Corporation opened for trading at $70.47 and hit $71.73 on the upside on Thursday, eventually ending the session at $71.44, with a gain of 1.13% or 0.8 points. The heightened volatility saw the trading volume jump to 14,81,331 shares. Company has a market cap of $7,998 M.
In a different news, on Jun 2, 2016, George Herrera (director) sold 456 shares at $67.47 per share price. According to the SEC, on Mar 16, 2016, Nicola Rossi (Sr. VP & Chief Account. Ofc.) sold 1,000 shares at $75.95 per share price. On Mar 3, 2016, Geoffrey A Ballotti (President/CEO WHG) sold 28,755 shares at $75.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Wyndham Worldwide Corporation is a hospitality company. The Company offers individual consumers and business customers a wide range of hospitality services and products through a portfolio of brands including Wyndham Hotels and Resorts Ramada Days Inn Super 8 Howard Johnson Wingate by Wyndham Microtel Inns & Suites Tryp by Wyndham RCI Landal GreenParks and others. The Company operates through three segments: Lodging which franchises hotels in the upscale upper midscale midscale economy and extended stay segments and provides hotel management services for service hotels; Vacation exchange and rentals which provides vacation exchange services and products to owners of intervals of vacation ownership interests (VOIs) and markets vacation rental properties and Vacation ownership which develops markets and sells VOIs to individual consumers provides consumer financing in connection with the sale of VOIs and provides property management services at resorts.