WYNDHAM WORLDWIDE $79.11 (New York symbol WYN; TSINetwork Rating: Extra Risk) (973- 753-6000; www.wyndhamworldwide.com; Shares outstanding: 123.7 million; Market cap: $9.8 billion; Dividend yield: 1.8%) is one of the world’s largest hospitality companies, with 7,600 franchised hotels worldwide.
Wyndham also manages vacation resorts, rental properties, luxury clubs and time-shares. It now has 107,000 vacation-rental properties in 100 countries.
In the three months ended September 30, 2014, the company’s revenue rose 6.1%, to $1.51 billion from $1.43 billion a year earlier. Wyndham gets most of its revenue from vacation rather than business travel, and vacation bookings rose in the latest quarter. That helped push up its occupancy rate by 2.0%.
Before one-time items, earnings rose 18.4%, to $1.67 a share from $1.41. Wyndham continues to buy back its stock. In the first three quarters of this year, it repurchased 6.4 million shares for $481 million. In all of 2013, the company bought back 9.7 million shares for $590 million.
However, Wyndham continues to grow quickly by acquiring vacation resorts and adding new hotels. The company’s goodwill and intangibles now stand at $2.7 billion, or 28% of its market cap. That leaves it vulnerable to writedowns if demand for vacation travel falls suddenly.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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