Wyndham Hotels & Resorts (NYSE:WH) Announces Earnings Results

Wyndham Hotels & Resorts (NYSE:WH) posted its earnings results on Wednesday. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. Wyndham Hotels & Resorts’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. Wyndham Hotels & Resorts updated its FY24 guidance to $4.22-4.34 EPS and its FY 2024 guidance to 4.220-4.340 EPS.

Wyndham Hotels & Resorts Price Performance

NYSE:WH traded up $8.64 during trading hours on Thursday, reaching $90.06. 2,088,125 shares of the company’s stock were exchanged, compared to its average volume of 748,868. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The company has a market capitalization of $7.11 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. Wyndham Hotels & Resorts has a 12 month low of $67.67 and a 12 month high of $90.29. The business’s 50-day simple moving average is $78.98 and its two-hundred day simple moving average is $74.86.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is presently 49.51%.

Wall Street Analysts Forecast Growth

WH has been the subject of several analyst reports. Truist Financial reduced their price objective on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus increased their price target on Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird set a $92.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.57.

Insider Buying and Selling at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Monica Melancon sold 5,040 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the completion of the sale, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the transaction, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at $315,006.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,640 shares of company stock valued at $974,351. Corporate insiders own 2.79% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.