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

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

Wall Street Analysts Forecast Growth

WH has been the subject of a number of recent analyst reports. Barclays lifted their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial decreased their target price on Wyndham Hotels & Resorts from $104.00 to $103.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Robert W. Baird set a $92.00 target price on shares of Wyndham Hotels & Resorts in a research report on Thursday, October 17th. Stifel Nicolaus reduced their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group initiated coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $90.63.

Wyndham Hotels & Resorts Stock Performance

NYSE:WH traded down $1.96 during mid-day trading on Wednesday, reaching $81.42. The stock had a trading volume of 1,330,255 shares, compared to its average volume of 742,333. 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 business has a 50 day simple moving average of $78.53 and a 200 day simple moving average of $74.71. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $83.38. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.87 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping 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 prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

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

Insider Transactions at Wyndham Hotels & Resorts

In related news, insider Monica Melancon sold 5,040 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now directly owns 10,606 shares in the company, valued at approximately $823,661.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Monica Melancon sold 5,040 shares of the business’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 directly owns 10,606 shares in the company, valued at approximately $823,661.96. 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 can be accessed through the SEC website. Also, CAO Nicola Rossi sold 7,297 shares of the 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 transaction, the chief accounting officer now directly owns 4,107 shares in the company, valued at approximately $315,006.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $974,351 in the last 90 days. 2.79% of the stock is currently owned by 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.