Topic: Growth Stocks

WYNDHAM WORLDWIDE $62.70 – New York symbol WYN

WYNDHAM WORLDWIDE $62.70 (New York symbol WYN; TSINetwork Rating: Extra Risk) (973-753-6000; www.wyndhamworldwide.com; Shares outstanding: 136.6 million; Market cap: $8.5 billion; Dividend yield: 1.9%) reports that its revenue rose 9.4% in the three months ended December 31, 2012, to $1.09 billion from $1.0 billion a year earlier. Higher vacation bookings helped push up the company’s occupancy rate by 2.6%.

Before one-time items, the hotel and resort operator’s earnings rose 34.0%, to $0.63 a share from $0.47.

The company has increased its quarterly dividend by 26.1%, to $0.29 from $0.23 a share. The shares now yield 1.9%.

Wyndham’s stock continues to hit all-time highs. Its outlook is positive, but it now trades at a high 22.2 times the company’s latest 12 months of earnings.

Wyndham is a hold.

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