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Last $75.13 USD
Change Today -1.35 / -1.77%
Volume 1.6M
WYN On Other Exchanges
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As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

wyndham worldwide corp (WYN) Key Developments

FTC's Cyber Security Case against Wyndham Worldwide Corp. Moves Forward

U.S. appeals court in Philadelphia on Aug. 24, 2015, denied the company's bid to have the case dropped. Wyndham Worldwide Corp. must face a lawsuit over claims that it failed to protect its computer network from hackers. Wyndham said it should not be penalized, arguing in a March hearing that the company was a victim in the three cyber attacks that targeted its computers in 2008 and 2009. However, the U.S. Federal Trade Commission claims that the company did not have adequate security measures in place to block the Russian hackers' access.

Wyndham Worldwide Corporation Declares Cash Dividend, Payable September 14, 2015

Wyndham Worldwide Corporation announced its Board of Directors declared a cash dividend of $0.42 per share on its common stock, payable September 14, 2015 to shareholders of record as of August 28, 2015.

Wyndham Worldwide Signs Agreements for 12 New Hotel Franchises in South Korea

Wyndham Worldwide Corporation has signed agreements for 12 new hotel franchises in South Korea, raising the company's pipeline in the country to over 7,550 rooms within 26 new-construction hotels. The new properties, which consist of 17 Ramadas, six Days Inns and three Howard Johnsons, are slated to open by 2018.

Starwood Hotels & Resorts Reaches Out For Potential Bidders

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT ) has reached out to potential bidders including InterContinental Hotels Group Plc (LSE:IHG) and Wyndham Worldwide Corporation (NYSE:WYN ) after it decided to explore a sale, according to people familiar with the matter. Starwood, which owns the St. Regis and Sheraton hotel brands, has also reached out to sovereign wealth funds, the sources said this week. As a part of its exploration of strategic alternatives, Starwood has also announced plans to spin off its vacation ownership business, to be called Vistana Signature Experiences.

Wyndham Worldwide Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015 and Provides Earnings Guidance for the Third Quarter of 2015

Wyndham Worldwide Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2015. Second quarter revenues were $1.4 billion, an increase of 4% from the prior year period. In constant currency, revenues increased 8%, reflecting growth across all the Company's business segments. Adjusted net income was $159 million, or $1.32 per diluted share, compared with $150 million, or $1.17 per diluted share for the same period in 2014. Reported net income for the second quarter of 2015 was $159 million, or $1.33 per diluted share, compared with $153 million, or $1.20 per diluted share, for the second quarter of 2014. Reported net income in the second quarter of 2014 reflects several items excluded from adjusted net income that favorably impacted net income by $3 million. Free cash flow was $625 million for the six months ended June 30, 2015, compared with $695 million for the same period in 2014. The decline in free cash flow reflects the timing of capital expenditures and working capital, including inventory spending. The company defines free cash flow as net cash provided by operating activities less capital expenditures. For the six months ended June 30, 2015, net revenues were $2,661 million against $2,536 million a year ago. Operating income was $487 million against $436 million a year ago. Income before income taxes was $444 million against $390 million a year ago. Net income attributable to Wyndham shareholders was $282 million or $2.33 diluted earnings per share against $243 million or $1.89 diluted earnings per share a year ago. Net cash provided by operating activities was $737 million, compared with $793 million in the prior year period. For the third quarter of 2015, the company expects adjusted diluted earnings per share of $1.65 to $1.68. In Exchange & Rentals, note that the now divested Canvas Holidays brand had an $18 million EBITDA contribution in the third quarter of 2014. The company expects interest expense in the third quarter of approximately $32 million, slightly higher than current run rate, reflecting the early termination of the interest rate swaps in the second quarter. In addition, year-over-year 2015 third quarter EBITDA comparisons reflect projected unfavorable currency headwind of $13 million. For fiscal year 2015 sales are seen between $5.450 billion and $5.550 billion against forecasts for $5.46657 billion. Adjusted diluted EPS of approximately $4.88 - $5.03 based on a diluted share count of 120.2 million, up from $4.81 - $4.96 based on a diluted share count of 121.4 million. Adjusted EBITDA of approximately $1.285 billion - $1.315 billion. Total company as well as business unit revenues and adjusted EBITDA guidance remain all unchanged. 2015 RevPAR guidance is now 2% to 4%, down from 4% to 6%. Now this reflects an approximate 200 basis point change in foreign exchange from original guidance assumptions. Full year interest expense guidance remains unchanged. The company expects free cash flow for the full year 2015 of approximately $800 million compared with $749 million in 2014.

 

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WYN Competitors

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Company Last Change
Accor SA €41.85 EUR +0.53
Host Hotels & Resorts Inc $17.33 USD -0.40
Starwood Hotels & Resorts Worldwide Inc $68.85 USD -2.62
Whitbread PLC 4,735 GBp +34.00
Wynn Resorts Ltd $70.99 USD -4.06
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Industry Analysis

WYN

Industry Average

Valuation WYN Industry Range
Price/Earnings 16.6x
Price/Sales 1.7x
Price/Book 8.5x
Price/Cash Flow 11.3x
TEV/Sales 0.6x
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