Wyndham Hotels & Resorts (NYSE:WH) Issues FY 2024 Earnings Guidance

Wyndham Hotels & Resorts (NYSE:WH) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.220-4.340 for the period, compared to the consensus estimate of 4.270. The company issued revenue guidance of -. Wyndham Hotels & Resorts also updated its FY24 guidance to $4.22-4.34 EPS.

Wyndham Hotels & Resorts Price Performance

WH stock traded down $1.99 on Wednesday, reaching $81.39. The company had a trading volume of 1,330,507 shares, compared to its average volume of 742,335. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average is $78.53 and its 200 day moving average is $74.71. The company has a market cap of $6.56 billion, a P/E ratio of 28.80, a PEG ratio of 2.87 and a beta of 1.33. Wyndham Hotels & Resorts has a 1 year low of $67.67 and a 1 year high of $83.38.

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

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.90%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WH shares. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial dropped their price objective on shares of 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 lowered their price target on Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a research report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Robert W. Baird set a $92.00 target price on Wyndham Hotels & Resorts in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $90.63.

Insider Transactions at Wyndham Hotels & Resorts

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at $315,006.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now owns 4,107 shares in the company, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,640 shares of company stock worth $974,351. 2.79% of the stock is currently owned by corporate insiders.

About Wyndham Hotels & Resorts

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.