Wyndham Hotels & Resorts (NYSE:WH) Issues FY24 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.22-4.34 for the period, compared to the consensus earnings per share estimate of $4.27. Wyndham Hotels & Resorts also updated its FY 2024 guidance to 4.220-4.340 EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WH. The Goldman Sachs Group started coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird set a $92.00 target price on Wyndham Hotels & Resorts in a research note on Thursday, October 17th. Finally, Truist Financial reduced their price target on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.57.

Wyndham Hotels & Resorts Stock Performance

Shares of WH traded up $8.56 during midday trading on Thursday, hitting $89.98. 1,661,281 shares of the stock traded hands, compared to its average volume of 746,796. The firm has a market capitalization of $7.11 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 3.00 and a beta of 1.33. The business’s 50 day moving average price is $78.68 and its two-hundred day moving average price is $74.75. Wyndham Hotels & Resorts has a 1-year low of $67.67 and a 1-year high of $90.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The business had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same period in the previous year, the business earned $0.93 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Wyndham Hotels & Resorts will post 4.26 EPS for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.38 dividend. 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 (DPR) is presently 49.51%.

Insider Activity at Wyndham Hotels & Resorts

In other news, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the completion of the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at $823,661.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Nicola Rossi sold 7,297 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $76.70, for a total value of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares of the company’s stock, valued at $315,006.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction 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 transaction, the insider now owns 10,606 shares in the company, valued at $823,661.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,640 shares of company stock valued at $974,351 over the last ninety days. 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.