Double Moving Average Crossover
|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||27.23 - 28.85|
|52 Week Range||13.74 - 53.13|
|Beta (5Y Monthly)||1.97|
|PE Ratio (TTM)||8.88|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||2.00 (6.94%)|
|Ex-Dividend Date||Jun 12, 2020|
|1y Target Est||39.90|
American Hotel & Lodging Association CEO Chip Rogers joins Yahoo Finance’s Zack Guzman to discuss the state of the hotel industry amid the coronavirus.
Cleanliness may be next to godliness, but it is also top of mind for hotel companies looking to win back travelers and market share coming out of coronavirus shutdowns. But post-pandemic cleaning regimens come at a hefty price. Global brands like Hilton and Marriott down to independent hotels have all responded to coronavirus with heightened […]
Wyndham Destinations, Inc. (NYSE: WYND) announced today that Michael D. Brown, president and CEO, and Mike Hug, CFO, will speak at the Jefferies Virtual Consumer Conference on Tuesday, June 23, 2020 at 3:00 p.m. ET.
Cowen Managing Director Kevin Kopelman joins Melody Hahm to weigh in on how the hospitality industry is struggling amid COVID-19, as Hilton cuts roughly 22% of its global corporate workforce.
Coronavirus shutdowns can be a chance to recalibrate and accelerate new hospitality business strategies. Travel restrictions and cratered demand shuttered hotels across the U.S. beginning in mid-March. But if operators can move beyond suspended operations and tanked revenue, the shutdowns can also present opportunities. The chief executives of timeshare company Wyndham Destinations and extended stay […]
In this article you are going to find out whether hedge funds think Wyndham Destinations, Inc. (NYSE:WYND) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
Throughout the world, many hotels and inns have suffered precipitous drops in occupancy and room rates. Wyndham Hotels & Resorts (NYSE: WH) is no exception, as revenue per available room (RevPAR) declined 23% globally due to travel restrictions. Many hotel chains may, therefore, suffer extended bouts of low occupancy, putting further pressure on their financial performance.
Stepping back, and taking a macro look at the markets, JPMorgan strategist Marko Kolanovic believes that the risks posed by COVID-19 to public health and economic prosperity were badly overstated back in March, leading to a series of frankly wrong decisions that we are still feeling now. But now, the economy is starting to improve, and the current bear market’s bull rally is looking more and more like a sustained trend rather than a one-off event.However, Kolanovic acknowledges several large-scale risks. He points out that California and New York are the largest economic units in the US, and that the coronavirus pandemic has had an important – and negative – impact on ‘global cooperation and trade.’ Kolanovic writes, “We will closely monitor how these risks evolve, but at this point see them as potential tail risks rather than an imminent threat, and thus maintain our positive outlook on markets.”That positive outlook on the markets includes pointing out promising stocks. JPMorgan analysts have been noting a number of bullish stock moves — companies that are well-positioned to make gains in coming months. We’ve looked at three of those stocks through the lens of the TipRanks database, to find out what makes them compelling buys.Bilibili, Inc. (BILI)Up first is a Chinese internet video sharing website focusing on anime and comics and including a large Japanese audience – while for business purposes, traded in New York. Bilibili is a truly international company that has found a niche and levered it for growth. Since it started trading three years ago, this stock has seen considerable growth, tripling its share value in that time. In the months since the February market collapse, BILI has heavily outperformed the markets.Bili’s financial stats back this up. While the company operates at a net loss, the strong positives recorded in Q1 2020 included: 69% year-over-year revenue growth, to $327 million; an increase in average monthly users to 172.4 million, up 70% year-over-year (yoy); and an increase in daily active users to 50.8 million, up 69% yoy. The most impressive stat, however, is the increase in monthly paying users – a key metric. This rose to 13.4 million, for a 134% yoy increase.With positives like those, it’s no wonder that BILI is getting lots of love from Wall Street’s analysts. JPM analyst Alex Yao upgraded this stock from Neutral to Buy after the earnings report. His price target, which he raised to $42, indicates confidence in a 37% upside for the coming year. (To watch Yao’s track record, click here)In his comments, Yao wrote, “…it was the steady or even improving engagement metrics (i.e. DAU/MAU ratio, average daily time spend, etc.), in spite of the strong user growth, which makes us believe strong user growth remains achievable in the next 1-2 years, as a virtuous cycle between content and user base has been formed and reinforced by COVID-19. We expect seasonal user growth momentum (i.e. 3Q/1Q) to drive further share price upside.”Based on all the above factors, Wall Street analysts are thoroughly impressed with BILI. It boasts 100% Street support, or 7 Buy ratings in the last three months, making the consensus a Strong Buy. The $36.25 average price target implies that shares could surge 18% in the next twelve months. (See Bilibili stock analysis on TipRanks)Wyndham Destinations (WYND)Next up is Wyndham Destinations, a major operator of hotel brands and vacation ownership timesharing programs. Wyndham’s destinations are located in North America and the Caribbean, along with the South Pacific. As state begin to loosen economic restrictions, Wyndham expects to see a gain in activity; it’s North American locations will not be dependent on air travel to attract customers.With so much of the country under lockdown orders in Q1, WYND shares felt the pain. The stock is still down 37% year-to-date, severely underperforming the broader markets. Q1 earnings were grim, well below expectations at a 98-cent net loss.And yet, with all that, WYND shares are looking up. The company has announced that it will be reopening its resorts in 2H20, and expects that the corona lockdowns will have generated pent-up demand. With most of its American properties within driving distance of potential customers, Wyndham expects it can sell its destinations as compatible with social distancing rules. And finally, the company reported this month that it is sitting on $1 billion is cash reserves, and as access to an additional $342 million through a credit facility. With that kind of money available, Wyndham has said that it can continue operating for another 23 months.As a further gesture for investors, WYND will continue paying its 50-cent quarterly dividend. The dividend has been increased steadily over the past 2 years, and now at $2 annualized it offers an excellent yield of nearly 6.3%. Considering that the average yield among hospitality and services companies is only 1.37%, WYND’s yield is impressive.Joseph Greff, one of JPM’s 5-star analysts, is optimistic. He says of WYND shares, “We see WYND’s risk-reward as favorable given the potential for relatively attractive near-term leisure demand that is not reliant on air travel and that is offered at an affordable price point. We think WYND’s current bookings position is underappreciated with its second half 2020…”Greff shifts his view on WYND from Neutral to Buy, and sets a price target of $35. This suggests that he sees 10% upside growth in the stock’s future. (To watch Greff’s track record, click here)Wyndham has a Strong Buy analyst consensus rating, based on a 7 to 1 Buy-Hold split. Shares are selling for $31.94, and the $39.86 average price target indicates room for an upside of 25% in the coming 12 months. (See WYND stock analysis on TipRanks)Martin Marietta Materials (MLM)A commercial economy outgrowth of the old defense giant by the same name, the modern Martin Marietta company lives in the heavy construction niche, providing cement and other aggregate building materials for commercial and municipal purposes. The company’s products are common in roads and sidewalks – there is a strong chance that you have walked on them.MLM was hit hard by the Q1 economic shutdowns. The cessation or slow down of construction work reduced demand for MLM products, and the company reported sharp sequential declines in earnings. There were some bright spots, however. EPS remained positive, at 41 cents per share. Revenue was slightly up year-over-year, to $958.2 million. And the company reported strong gains in cash on hand, from $21 million at the end of 2019 to $424 million as of the end of Q1 2020. And best of all for investors, MLM projects Q2 earnings of $2.78 per shares, getting close to pre-corona levels.Martin is our third upgrade from JPM. Analyst Adrian Huerta raised his stance from Neutral to Buy, and set a $210 price target that indicates 9% upside growth potential for the year. (To watch Huerta’s track record, click here)Supporting his move, Huerta writes, “We see attractive upside at least in the short-term as 2Q will likely not be as bad as previously expected... Also, as the trade war with China intensifies, we see increased interest on domestic driven sectors like this one.”With 7 Buy and 5 Hold ratings, the analyst consensus on Martin Marietta Materials is more evenly divided than the other stocks on this list. MLM shares are currently selling for $194.28, while the average price target of $222.92 suggests a one-year upside potential of 15%. (See Martin Marietta stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
First Eagle Investment Management recently released its Q1 2020 Investor Letter, a copy of which you can download below. The First Eagle Fund of America posted a return of -23.72% for the quarter (without sales charge), underperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out First […]
Wyndham Destinations, Inc. (NYSE:WYND) announced today that Michael D. Brown, president and CEO, and Mike Hug, CFO, will speak at the Goldman Sachs Travel and Leisure Conference on Monday, June 1, 2020 at 10:35 a.m. ET.
Alliance Reservations Network (ARN) announced a significant evolution of its B2B travel booking product as a result of its new relationship with RCI, the world's largest vacation exchange network as part of Wyndham Destinations (NYSE: WYND). This evolution comes with a new platform name, Trip Authority™.
Wyndham Destinations, Inc. (NYSE: WYND) announced today that Michael D. Brown, president and CEO of Wyndham Destinations, will speak at Bernstein's 36th Annual Strategic Decisions Conference on Wednesday, May 27, 2020 at 11:00 a.m. ET.
Wyndham Rewards®, the world's most generous rewards program, today announced the extension through 2021 of its partnership with Caesars Entertainment and Caesars Rewards®, the world's leading casino and entertainment loyalty program. The collaboration delivers industry leading perks for members of both programs across Wyndham's approximately 9,300 hotels and more than 30 world-class Caesars destinations.
Hotel, vacation, and timeshare company Wyndham Destinations (NYSE: WYND) shares are trading up more than 2.5% this morning following a Current Report filing with the SEC and a new investor presentation. The presentation, published today on Wyndham's investor site, shows potentially higher than expected EBITDA for the second quarter of 2020, ample cash reserves, and other positive indications of weathering COVID-19. At the cash burn rate it's currently experiencing, the company claims it can continue operations for 23 months even assuming no positive change in cash flow.
The travel and tourism industry was heavily impacted by the coronavirus, but it may begin to see a turnaround as consumers look to travel in the coming summer months. Michael Brown, CEO of Wyndham Destinations, joins Yahoo Finance to discuss.
Wyndham Destinations, Inc. (NYSE: WYND) announced today its Board of Directors declared a cash dividend of $0.50 per share on its common stock, payable June 30, 2020 to shareholders of record as of June 15, 2020.
Wyndham Destinations (NYSE:WYND), the world's largest vacation ownership and exchange company, today shared updated cleaning protocols and preventative measures for its 230 vacation club resorts and sales centers. The company's Vacation Ready program standards were developed in partnership with cleaning industry expert Ecolab, with over 100 years of experience in assisting hospitality, public health, food safety and hygiene services.
Before we begin, we'd like to remind you that our discussions this morning will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements.
Shares of Wyndham Destinations (NYSE:WYND) rose 1.5% after the company reported Q1 results.Quarterly Results Earnings per share decreased 195.15% year over year to ($0.98), which might not compare to the estimate of $0.59.Revenue of $558,000,000 lower by 39.22% year over year, which missed the estimate of $786,710,000.Outlook Wyndham Destinations hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 06, 2020View more earnings on WYNDTime: 03:04 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/wynd/mediaframe/37738/indexr.htmlTechnicals 52-week high: $53.1352-week low: $13.74Price action over last quarter: down 40.64%Company Description Wyndham Destinations Inc the hotel company. The company's reportable segments are Vacation Ownership and Vacation Exchange segment. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to individual consumers and provides consumer financing in connection with the sale of VOIs and offers property management services at resorts. The Vacation Exchange segment provides vacation exchange services and products to owners of VOIs and manages and markets vacation rental properties on behalf of independent owners. The firm generates a majority of its revenue from the Vacation Ownership business segment.See more from Benzinga * Evoqua Water Technologies: Q2 Earnings Insights * Recap: Enable Midstream Partners Q1 Earnings * Recap: Cedar Fair Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wyndham Destinations, Inc. (NYSE: WYND), the world's largest vacation ownership and exchange company, today reported first quarter 2020 financial results for the three months ended March 31, 2020. Highlights include:
Wyndham Destinations, Inc. (NYSE:WYND) announced today that due to continued public health precautions, including restrictions on in-person gatherings, as a result of the coronavirus (COVID-19) outbreak and to support the health and well-being of Wyndham Destinations shareholders and associates, the format of the Company's 2020 Annual Meeting of Shareholders (Annual Meeting) has been changed to a virtual-only meeting via a live audio webcast. There will be no physical location for the Annual Meeting and shareholders will not be able to attend in person. The time of the Annual Meeting has also been changed from 11:30 a.m. Eastern Daylight Time to 2:00 p.m. Eastern Daylight Time. The updated Annual Meeting details are as follows:
Wyndham Destinations, Inc. (NYSE:WYND) announced today that it has completed a private $325 million securitization financing. The $325 million Sierra Timeshare 2020-1 Receivables Funding, LLC financing is a floating rate transaction bearing an initial interest rate of 3.84%. The transaction, structured similar to the Company's existing Sierra term platform, will have a single class of notes with monthly rate resets based on a fixed spread to LIBOR. The advance rate for this transaction is 85%.
Wyndham Destinations, Inc. (NYSE: WYND) announced today it will release first quarter 2020 financial results on Wednesday, May 6, 2020, before market open, followed by a conference call at 8:30 a.m. ET. Michael D. Brown, president and CEO, and Michael Hug, CFO, will discuss the Company's financial performance and business outlook.
Wyndham Hotels & Resorts, the world's largest hotel franchising company by the number of properties with approximately 9,300 hotels across 90 countries, today announced the launch of its new EverydayHeroes initiative, offering all essential workers on the front lines of COVID-19 instant complimentary Gold membership upgrades in its award-winning loyalty program, Wyndham Rewards®.