Wyndham Destinations (NYSE:WYND) Posts Quarterly Earnings Results, Misses Estimates By $0.41 EPS

Wyndham Destinations (NYSE:WYND) issued its quarterly earnings results on Thursday. The company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.41), MarketWatch Earnings reports. Wyndham Destinations had a net margin of 0.13% and a negative return on equity of 16.02%. The firm had revenue of $343.00 million for the quarter, compared to analyst estimates of $342.88 million.

WYND stock opened at $26.60 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 25.84 and a beta of 1.95. The business has a 50-day moving average of $29.43 and a 200-day moving average of $33.04. Wyndham Destinations has a fifty-two week low of $13.74 and a fifty-two week high of $53.13.

Several brokerages have recently issued reports on WYND. Zacks Investment Research lowered Wyndham Destinations from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Oppenheimer started coverage on Wyndham Destinations in a report on Wednesday, June 17th. They issued a “buy” rating and a $40.00 price objective for the company. Wolfe Research upgraded Wyndham Destinations from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Thursday, April 9th. TheStreet downgraded Wyndham Destinations from a “c” rating to a “d+” rating in a report on Monday, June 8th. Finally, Credit Suisse Group restated a “buy” rating and issued a $37.00 price target on shares of Wyndham Destinations in a report on Friday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Wyndham Destinations currently has a consensus rating of “Buy” and an average price target of $43.79.

In other news, Director George Herrera sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $32.59, for a total transaction of $65,180.00. Following the completion of the transaction, the director now directly owns 1,594 shares of the company’s stock, valued at $51,948.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown acquired 4,000 shares of Wyndham Destinations stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $25.41 per share, with a total value of $101,640.00. 1.64% of the stock is owned by corporate insiders.

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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Earnings History for Wyndham Destinations (NYSE:WYND)

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