Wyndham Hotels & Resorts (NYSE:WH) Posts Earnings Results, Beats Estimates By $0.01 EPS

Wyndham Hotels & Resorts (NYSE:WH) released its quarterly earnings data on Wednesday. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $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

Shares of NYSE WH traded up $8.64 during trading on Thursday, reaching $90.06. The company had a trading volume of 2,088,125 shares, compared to its average volume of 748,868. Wyndham Hotels & Resorts has a 52 week low of $67.67 and a 52 week high of $90.29. The business’s 50 day moving average price is $78.98 and its 200-day moving average price is $74.86. The stock has a market cap of $7.11 billion, a PE ratio of 29.34, a PEG ratio of 3.00 and a beta of 1.33. 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 Announces Dividend

The business also recently disclosed 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 payout ratio is presently 49.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Robert W. Baird set a $92.00 price target on Wyndham Hotels & Resorts in a research report on Thursday, October 17th. The Goldman Sachs Group assumed coverage on Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.57.

Insider Activity

In other news, CAO Nicola Rossi sold 7,297 shares of Wyndham Hotels & Resorts 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 directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the company’s 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Monica Melancon sold 5,040 shares of Wyndham Hotels & Resorts stock in a transaction that occurred 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 sale, the insider now owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock valued at $974,351 over the last three months. 2.79% of the stock is owned by insiders.

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.